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Topic: Which Ethereums should I buy? (Read 1365 times)

hero member
Activity: 722
Merit: 500
August 01, 2016, 12:15:26 PM
#35
I would stay away from that and the other.

That could be a good advice. We need to wait until the end of August to clarify the intention of the hacker.
legendary
Activity: 2940
Merit: 1169
July 31, 2016, 06:28:36 AM
#34
I would stay away from that and the other.
hero member
Activity: 924
Merit: 1001
July 31, 2016, 06:10:06 AM
#33
I think its better to dont choose in two because ethereum was already made an issue before even the new version it will happen it again.
They their own strategy they will say that their hack but the truth its not its just for there strategy.. to have large money in ethereum..
newbie
Activity: 40
Merit: 0
July 31, 2016, 05:50:48 AM
#32
If you want to speculate and make profit with the volatility, ETC could be a good trading pool. But you have to exit before the large dump.

Do you think there will be a big dump on ETC?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
July 31, 2016, 05:15:37 AM
#31
After looking into what happened with the hard fork I will not buy either.

The fact that any contract can be recalled by a centralized authority it makes no sense to go with the overhead of a "decentralized" network when the same thing can be done with a simple website with some java code. The first time some government does not like a contract they can just force Vitalik to stop it. Imagine a government trying to reverse a Bitcoin transaction a month after it took place. It wouldn't happen. Might as well wait for RootStock which does the same thing as ethereum but on Bitcoin's much more secure network.
hero member
Activity: 722
Merit: 500
July 31, 2016, 02:07:29 AM
#30
If you want to speculate and make profit with the volatility, ETC could be a good trading pool. But you have to exit before the large dump.
legendary
Activity: 1148
Merit: 1048
July 29, 2016, 08:11:06 AM
#29
I see two options for ethereums one is cheaper and is almost the same code except for code added by Ethereum's king to save his investment. Should I buy the cheaper version of the same thing or the more expensive?

i think you should try to buy ETC and play hit and run, do not hold for a while and thats can make you a profit. but be careful about any news that release by the dev because it can be make the rate of ETC fluctuative and we can be stuck in a high rate.

for ETH, you can try to hit and run too if you want and you have more budget.

This.
 If you pick either coin, I wouldn't suggest long-term positions. Get in, take some profit, and get right back out. Rinse and repeat. Both of these are still a bit volatile for my taste
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
July 29, 2016, 08:06:52 AM
#28
I see two options for ethereums one is cheaper and is almost the same code except for code added by Ethereum's king to save his investment. Should I buy the cheaper version of the same thing or the more expensive?

i think you should try to buy ETC and play hit and run, do not hold for a while and thats can make you a profit. but be careful about any news that release by the dev because it can be make the rate of ETC fluctuative and we can be stuck in a high rate.

for ETH, you can try to hit and run too if you want and you have more budget.
hero member
Activity: 770
Merit: 629
July 29, 2016, 07:45:06 AM
#27
buy one and get the other one for free using replay attack

You can only do that with people selling ETH who don't understand how block chains work...
You might have done that right after the split when nobody knew the other fork would live, but now I think finding idiots who send you ETH when you buy ETC is going to start to be difficult...

Maybe some silly exchanges will do so ?  But even there, newly mined coins will get mixed in, and stop the validity of signatures on both chains (which funny people call an attack).
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
July 29, 2016, 07:41:23 AM
#26
buy one and get the other one for free using replay attack
hero member
Activity: 722
Merit: 500
July 29, 2016, 05:44:17 AM
#25
The ratio of the price is the same as the ratio of the price. If a few big ETC holders dump their ETC, that might kill the hash rate of the ETC.
hero member
Activity: 770
Merit: 629
July 27, 2016, 07:11:56 AM
#24
Exactly, abandoned chain has no leadership, just miners. And even if there'll be a group of developers willing to work on it, they wouldn't account for 10% of original team value which built ethereum / new programming language from scratch. Not to mention the ethereum bags existent on the main chain exist on the secondary chain aswell, everyone will slowly dump over a long period of time, unless it dies by then.
So, ethereum's abandoned chain is way too risky 90%+ it will either die, miners move on / whales will dump / or this guy, and others like him, will atack ethereum's abandoned chain because it's extremely vulnerable given it's low hashrate https://www.reddit.com/r/ethereum/comments/4ucgia/i_am_chandler_guo_a_51_attack_on_ethereum_classic/
So NO, do not invest anything in the abandoned chain unless it is very short term investment, 1-4 weeks at most.
Most likely people here on btctalk that support ethereum's abandoned chain probably invested in it because they believe in it for it's speculative value because 1 ether there costs only 0.5$+ , so they are invested in it.
If youre willing to check, abandoned project has a high trading volume for it's tiny hashrate ( abandoned by 99% of it's miners ) which means people speculate with their free ethereum tokens.

You have several things backward.  The most important thing is this, and I already said it in another thread: ETC and ETH are the same (open source) code, up to a few if statements that were recently added to the ETH code to bail out DAO "investors" and which are absent from the (old ETH and) ETC code.  Every single development that the ETH team does, can be incorporated without the slightest effort into the ETC code.  You don't need a huge team to copy-paste code from another open source project, do you.

Concerning the miners, they will go where profit is, and hence the hash rate will adapt to the market value, and not the other way around.  If the ratio of hash rate over market value is higher for ETC than for ETH, then they will move to ETC until the equilibrium is reached.

So ultimately it is determined by the market price of ETC / ETH.  This is totally open to speculation.  Ideally, one would expect that people spread risk and go for equality, but then nobody knows.  As most ETH holders are automatically also ETC holders, they can sell their ETC for ETH, they can sell their ETH for ETC or they can keep  both balances.  One would rationally expect (but markets often do other things) that people would put the same value on both, meaning that right now, they'd buy ETC with ETH because you can get more ETC, and there are just as many of both.  That said, this can go anywhere. 
The only parties for which things are different, are the DAO hacker, and the DAO bailed out people, who have respectively only ETC and ETH.  Their respective fan clubs might dump one in favor of the other in order to influence the balance.

As technically, both chains are identical and all future smart contracts will be implementable on both, there is objectively not the slightest difference in the long term expectance, which is why rationally, people should put their VALUE 50% - 50%, meaning they should right now swap part of their ETH for ETC.
But we all know that markets don't always behave rationally.

hero member
Activity: 722
Merit: 500
July 27, 2016, 06:54:33 AM
#23
Right now, the trading momentum is with Classic although I have a feeling that in the long run the vested interests behind the hard fork might yet win by coordinating the miners to 51% Classic. Longer term the uncertainty is no good to either ether thread as devs will not know which blockchain to build on

keep an eye on that classic hashrate. it's climbing. i'll guess it's far more profitable to mine that right now. and i don't think an official 51% attack will make anyone look too good.

I do not think the Ethereum Foundation will adavocate to 51% attack it. When the price is low, it will be more vulnable.
full member
Activity: 210
Merit: 100
narrowpathnetwork.com
July 26, 2016, 07:50:26 AM
#22
Classic is going to make some nice profit.
legendary
Activity: 1288
Merit: 1087
July 26, 2016, 07:37:40 AM
#21
Right now, the trading momentum is with Classic although I have a feeling that in the long run the vested interests behind the hard fork might yet win by coordinating the miners to 51% Classic. Longer term the uncertainty is no good to either ether thread as devs will not know which blockchain to build on

keep an eye on that classic hashrate. it's climbing. i'll guess it's far more profitable to mine that right now. and i don't think an official 51% attack will make anyone look too good.
hero member
Activity: 938
Merit: 501
July 26, 2016, 07:15:55 AM
#20
Right now, the trading momentum is with Classic although I have a feeling that in the long run the vested interests behind the hard fork might yet win by coordinating the miners to 51% Classic. Longer term the uncertainty is no good to either ether thread as devs will not know which blockchain to build on
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
July 26, 2016, 06:53:57 AM
#19
Just give Vitalik a hug  Cry
for the love of got, dont watch him die
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
July 26, 2016, 06:38:29 AM
#18
well...

the forked Ethereum is not Ethereum - thus the question is a weird one.

U cant buy two Ethereums because there is only one.

They made a weird decision renaming the real Ethereum to ETC,

the new ETH is not the real Ethereum. Its just some forked shite.


~CfA~

Does king Vitalik still control the real Ethereum?
hero member
Activity: 700
Merit: 520
July 26, 2016, 06:31:43 AM
#17
well...

the forked Ethereum is not Ethereum - thus the question is a weird one.

U cant buy two Ethereums because there is only one.

They made a weird decision renaming the real Ethereum to ETC,

the new ETH is not the real Ethereum. Its just some forked shite.


~CfA~
full member
Activity: 125
Merit: 100
Chief Technology Officer, NYC
July 26, 2016, 06:28:37 AM
#16
Ethereum Fork has effectively destroyed it's own credibility and it will be difficult for it to thrive long-term.

There will be a period of uncertainty during which support for Classic will grow. Eventually the ETH investors will spot an opportunity to make a HUGE amount of money and will throw all their weight behind Classic.

Result: The original investors are saved and the original blockchain survives. Everyone wins.

Told you.

And this is just the beginning.
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