Topic: Ethereum Fork good or bad? - page 3. (Read 3200 times)

ethereum hard fork is to improve to ethereuem clasic
so i think it is good is better good the next future, but few comunity not accepted ethereum hardfork and still platform old ethereum is ethereum clasic ETC

The ETH fork is a very good thing, because now ETH and ETC exist, so people have more choice.

Moreover, the fork also indicated us the limits of smart contracts, namely that the code is only the law to the extend that miners and others agree, and that at any point, smart contracts can be undone if a significant majority of stake holders, coders and miners think that they will make more profit by rewinding the past and stop unstoppable code, and change the immutable past.

In the wake of it, we now see, for the first time, what is a genuine 51% attack, but not by malice, but by decision of a majority of miners, of changing past transactions, coloring coins, and imposing their morality on what was up to then considered a neutral and secure transaction medium.

The fork is also very positive, because this is the first time that a genuine fork happens, with two different coins at the outcome, where some real money is involved worth more than a pizza or something.   We can now study the phenomenon of hard fork more closely.

In other words, the ETH fork is a treasure trove for phenomena concerning block chains and crypto which had been, up to this moment, entirely hypothetical and theoretical.  We are exploring the limits of crypto and block chain here, and the extend to which human intervention can alter the agreed upon rules.  We're testing the limits of trustlessness.

It is very wise for you to sell. If the DAO hacker dumps his ETC, it could reduce the price of ETC quite a lot.

Etherereum fork is good for me. I also sold out all my ETC to the trader/believer of the Classic. Wish them good luck.

I think a nice coin ethereum current best altcoin,
altcoin capable proportional to the number of communities etherum may only litecoin and dogecoin
coin is still long term and good coin depending on the user and the user's alias coin depends on its community and its dev

So far, surprisingly good. For the coin at least, given that the price is mysteriously rising besides popular forum sentiment. Any fork, especially ones of this nature, are bad for crypto in general. We trust these technologies because of the authority a complete and unmolested blockchain provides.

When you take that away, you might as well have Mario Bros coins.

its more complicated than is it good or is it bad for eth;
what just happened has many implications & many people above me has pointed out many so i'm not gonna repeat.

imo not many more people who were originally into eth are to leave the ecosystem; whoever wanted out, mostly already is!
what's left is a close-knit & involved community; despite of eth's shortcomings being new tech it does have its things going for it!

still a lot of the funds that went into the dao will be leaving eth so i'm totally still expecting a dump;
but in no way i'm seein' eth burning to the ground because of the hf.

_{what's most curious tho, is how come spoetnik hasn't been here fuding already!!!}

The dump is coming...

ETH is obviously still good coinage. Fantastic community, devs, backing, and support. Everything all these other shitcoinage desperately want. And need.

i think etherum ETH still good coin
high community is use etherum coin high volume transcation
indicator altcoin good or not we can see is volume transaction until know ethereum is volume transaction number one altcoin is volume transaction in better than good litecoin or dogecoin only under bitcoin is volume transaction eth

Also this http://slacknation.github.io/medium/11/11

Thats about 66 Million usd at 12 bucks a coin thats been withdrawn, will be interesting to see what happens over the coming weeks.  People are hoping for a time machine back to 20 bucks a coin, but the problem with that is the millions of ethers that can get dumped on the market or at least hold it down for a bit.

Most likely not, it would need a big team of developers to develop it further, to rival curent ethereum team.

Any thoughts on ETHC? Will the old chain survive?

Both

It looks like a central action to fix a big attack surface - more to come.

It shows bitcoiners that hard forks are the way to go.

The withdrawal DAO has been very active today. So far most of the ETH transfers have remained in the owners address rather than being transferred (possibly to an exchange wallet) indicating a hold position. This might indicate former DAO holders (if inclined to sell) are watching market price before deciding what to do.

You can check out the transactions here and follow them from transfer to wallet of holder. I did not find a single example of a possible transfer to an exchange (by observation only looking at 20 to 30 random addresses....definitely not scientific).

http://etherscan.io/txs?a=0xbf4ed7b27f1d666546e30d74d50d173d20bca754

The hard fork has occurred successfully and the stolen ethereum is recovered now, ( i saw in a blog news), now the traders are once again going to invest in there as I am seeing on the exchanges that the price in increasing so the active traders do not fear from any risk and they are taking this risk.

It depends how big the dominant chain is. If that is 80% within 1 hour after the hard fork, the price will rise.

nobody knows... and the market will tell. My opinion is: very bad.
just wait and see how the price moves... i might be wrong.

bad in theory but if you were a dao 'investor' you'd probably believe it was good.

overall it's something that's been agreed by the majority, so you can't argue with its validity and i have a sneaky feeling it's gonna boost it as most people secretly don't want something that's immutable if it fails to suit them.

there, crypto's dirty secret is out.

It is a dilemma. If the "thief" or the attacker is caught before the hard fork, there is no need to do the fork.