The REAL Ethereum: ETH or ETC | Bitcointalksearch.org

lobo13hf

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Quote from: WaddleWigs on November 19, 2017, 03:28:23 PM

Quote from: nappoleon on November 19, 2017, 04:41:11 AM

In terms of blockchain, you may call ETC the original chain, as ETH was the forked one. In that sense, making ETC the original ethereum. However, the ETH devs supports the forked one hence somehow, conforming the majority to their chain. But ETC continued to live as there's still people who believe in immutability and in my opinion, that's what in the beginning ethereum was marketed "code is law".

So I guess my question is, do you think either is morally or technologically superior? Does ETC have a chance of usurping ETH?

Another related question to anyone who sees this, BTC vs BCH vs whatever new ones.

I assume a lot of these BTC forks exist as market manipulation so whales can get huge forkin profits, but I see a lot of propaganda both directions.

"BTC is the real bitcoin."
"BCH is the real bitcoin!"

So, to anyone who really REALLY knows their shit, what do you think and why?

Ethereum classic already existed due to the dao hack, that means if the ethereum classic just generate after the hack case of the dao itself. And the ethereum classic will never be there if not causing by the DAO on the ethereum itself.
If we are talking about which is real ethereum and ethereum is ethereum. ethereum is not an ethereum classic.

EMS-007

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I don't have both of these because i don't have funds to invest but in my own view, i prefer ETC than ETH in terms of profitability! Wink

johnnywoo2015

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Quote from: BlockMedx on November 19, 2017, 04:50:52 PM

ETC is kept around because mining is profitable. Nobody's building relevant dApps on it, or using it for anything

I agree with you. Nobody is building anything over ETC and the price is speculative.
The 'real' Ethereum is the one with real usage: ETH.

WaddleWigs

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Quote from: BlockMedx on November 19, 2017, 04:50:52 PM

ETC is kept around because mining is profitable. Nobody's building relevant dApps on it, or using it for anything

If ETH soft forks again to undo the Parity f**kup, you think that could change?

BlockMedx

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ETC is kept around because mining is profitable. Nobody's building relevant dApps on it, or using it for anything

VeeTeaSee

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I dont get into that question too much
but i am ETC supporter, and i'll keep supporting the ETC blockchain because i believe in their way
i believe that they work much more on their technology and it will be much better

WaddleWigs

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Quote from: mackstuart on November 19, 2017, 04:23:15 PM

You are joking right? there is no way that ethereum classic could be the real ethereum because it was a forked coin, the same happens to bitcoin and bitcoin cash situation, it is exactly the same, there is no way that a forked coin could be the real coin of the "forked" one.
And ethereum classic is not even worth 5% of the actual price of ethereum, it is less than $14 a the moment while ethereum is over $340 each one, there is no way that i can increase because nobody likes ethereum classic, not even the developers, lol.

But ETC is the original chain, right? So how could it be the fork. So ETH is the fork, it's just the one everyone switched to because a lot of high power miners had probably invested a lot in the DAO, right?

Also, not joking. Actually asking. Cuz it seems more complicated than a lot of people seem to think.

And it's not "exactly the same" as the bitcoin cash situation, is it? It seems the ETH split basically happened because a bunch of people with a lot of mining power wanted a do-over. The BCH split seems less centered around one specific event, and more about... I dunno. I don't feel like I fully understand that one. I've seen a lot of different opinions and am still unsure what to think.

Svetlows

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I think ETC will grow after ETH.

GregorWar

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I think the main reason of such an interest in ETH and ETC is that people can make some profit when mining them...they are switching from one to other depends on the price...a lot of people are now mining ETC...and they don't care what is the real story behind...

abderrazak belkhir

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I think that etc is just a hard fork

mackstuart

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You are joking right? there is no way that ethereum classic could be the real ethereum because it was a forked coin, the same happens to bitcoin and bitcoin cash situation, it is exactly the same, there is no way that a forked coin could be the real coin of the "forked" one.
And ethereum classic is not even worth 5% of the actual price of ethereum, it is less than $14 a the moment while ethereum is over $340 each one, there is no way that i can increase because nobody likes ethereum classic, not even the developers, lol.

btcrich

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Quote from: WaddleWigs on November 19, 2017, 03:28:23 PM

So I guess my question is, do you think either is morally or technologically superior? Does ETC have a chance of usurping ETH?

There is no way ETC will be taking over the leaders mantle from ETH,they are the same and the fork happened because of the hack and some people stayed back at the original chain because the forked happened without much consensus and the big time developers are with the ETH side and so therefore there is no way ETC could challenge ETH.

kryptqnick

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Quote from: anasso on November 19, 2017, 04:26:47 AM

i think it will be another hard fork of ethereum to unlock the 300m dollars blocked on parity wallets!

crypto splits is a big problem in the blockchain technology!

This is a big problem indeed and I believe there is no official decision on whether to provoke the fork or let the money burn yet.
As for the articles the op provided - well, the dev team supported the new version of ethereum (the eth) and some people just decided to disagree and we got etc as a result. Some information is a bit outdated as well. For example, eth and etc were quite similar at that time but now eth lived through another fork and is on its way to proof of stake, whereas etc seems to remain the way it was before. Oh, and I never heard of an ICO built on etc.
Anyway, etc has its right to keep going the way it does and in case people get really bored with this mining difficulty and security problems on eth - who knows, maybe they'll turn to etc instead.

WaddleWigs

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Quote from: nappoleon on November 19, 2017, 04:41:11 AM

In terms of blockchain, you may call ETC the original chain, as ETH was the forked one. In that sense, making ETC the original ethereum. However, the ETH devs supports the forked one hence somehow, conforming the majority to their chain. But ETC continued to live as there's still people who believe in immutability and in my opinion, that's what in the beginning ethereum was marketed "code is law".

So I guess my question is, do you think either is morally or technologically superior? Does ETC have a chance of usurping ETH?

Another related question to anyone who sees this, BTC vs BCH vs whatever new ones.

I assume a lot of these BTC forks exist as market manipulation so whales can get huge forkin profits, but I see a lot of propaganda both directions.

"BTC is the real bitcoin."
"BCH is the real bitcoin!"

So, to anyone who really REALLY knows their shit, what do you think and why?

nappoleon

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In terms of blockchain, you may call ETC the original chain, as ETH was the forked one. In that sense, making ETC the original ethereum. However, the ETH devs supports the forked one hence somehow, conforming the majority to their chain. But ETC continued to live as there's still people who believe in immutability and in my opinion, that's what in the beginning ethereum was marketed "code is law".

WaddleWigs

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Thanks for the replys

Quote from: Tipstar on November 19, 2017, 04:20:40 AM

Both of them have an independent community.
And now it's not just about the individual hack, ETC and ETH are on completely different track.
No, ETC community can't be called a supporter of hacker.

Can you elaborate on the "different tracks" that they're on?

I guess I don't know much about the vision for where ETC is headed, but I'm very interested.

Quote from: anasso on November 19, 2017, 04:26:47 AM

i think it will be another hard fork of ethereum to unlock the 300m dollars blocked on parity wallets!

crypto splits is a big problem in the blockchain technology!

I was thinking the same thing! But it's such a huge risk to fork, they're probably thinking real hard about it after the whole ETC thing.

I don't really understand all the ways chain splits can effect the economics of the whole cryptosphere, but it seems like lots of these events, the hacks and chain splits and etceras are a part of this bigger picture where some smart people are getting super rich and maybe helping accelerate the downfall of various fiats.

I dunno, it's complicated AF.

anasso

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i think it will be another hard fork of ethereum to unlock the 300m dollars blocked on parity wallets!

crypto splits is a big problem in the blockchain technology!

Tipstar

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Both of them have an independent community.
And now it's not just about the individual hack, ETC and ETH are on completely different track.
No, ETC community can't be called a supporter of hacker.

WaddleWigs

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So I know at least SOME of the story behind the whole thing. I've read about it here and there. If you're unfamiliar, here are a few random links with slightly different takes.

https://medium.com/@WhalePanda/what-happened-with-ethereum-eth-and-ethereum-classic-etc-3c69fc7cbb69

https://www.reddit.com/r/ethtrader/comments/6d62td/the_story_behind_ethereum_classic_etc_and_whos/

https://blockgeeks.com/guides/what-is-ethereum-classic/

So my question is, what do people who have strong opinions have to say?
One could see ETC as a way for hackers to spend some of the Ethereum they stole.
One could see ETH as a slippery slope of forking to undo transactions, thus undercutting the philosophical power of the immutability of a blockchain.
I'm sure one could see many other things.

So what do you see?

Topic: The REAL Ethereum: ETH or ETC (Read 351 times)