Thank you for the Bitcoin donation received. A Twitter and Github account will be created shortly.
We have also received correspondence from an interested party who would like to run an ETM pool.
Livecoin exchange has also experienced a loss in ETC funds. This makes the case for ETM much stronger.
Copy of remove post:
livecoin
ETHEREUM CLASSIC NEWS
Created 30.07.2016 00:38
Dear clients, when the Ethereum Classic (hereinafter ETC) appeared on the market, we announced that we were going to add it with ETC deposit to our customers’ accounts. But when we started working on integration, we encountered an unpleasant surprise. Because of the ETC architecture particularities and its direct relation with the genuine Ethereum (ETH), the transactions between these two coins are connected in one way or another. This relation is neither expected nor common practice in cryptocurrency.
When we adjusted the ETC in test mode, we found that we had no funds in ETC, since the transactions in ETH and ETC are associated and funds had been withdrawn by our clients in the process of normal deposit-withdrawn of ETH, we assume that it was sent to Poloniex, because at that time, trading on ETC occured only there.
Going forward we examined the situation in detail and came to the conclusion that either the ETC developers or Poloniex had to take over at least a minimum function of notifying all the other exchanges trading ETH to protect their ETC funds from loss. The quantity of such exchanges is not so high, no more than 15. We believe that to send 15 warning letters was quite capable. We have not received any notification concerning protection of funds in the ETC from anyone. We do not believe it is a fair way of doing business from the side of the ETC developers, and from the exchange, which was first to put in the ETC trades.
At the moment we may add trading pairs with ETC, but we do not see any sense in this as all the ETC funds are already withdrawn by our clients who have been aware of this network features. In addition, according to our opinion, due to the relation of blockchains with ETC and ETH there is a risk of fraudulent manipulations, and we are not willing to risk our clients’ accounts.