Why price of eth is higher than etc | Bitcointalksearch.org

nappoleon

full member

Activity: 322

Merit: 100

Quote from: arbitrage on July 14, 2017, 07:25:44 AM

Quote from: nappoleon on July 06, 2017, 02:11:45 AM

I see that there's a lot of misinformation here.

Facts:
* ETH is no older than ETC in a blockchain sense, they have similar history until the hardfork.
* ETH is the forked chain, ETC is the original chain, hence making ETC the original ethereum.
* the DAO incident is not a hack, it's an exploit of the BUG in the DAO smart contract. What happened there was like 'when you left your house keys inserted at your door knob then you completely not blaming yourself of getting robbed'. In software level, the contact allowed the draining of funds to occur, the exploiter just uncovered the vulnerability. Pretty irresponsible right?

You have nailed it, after this it is very hard to tell more.
But i will, there is also one big difference ETC is decentralized which is not the case with ETH, also Vitalik can dump on you every second, as seen before. Everything here tells me that ETC is the future, ETH just hiding behind big PR wall.

Yes, and just to add details on people saying that there are no devs, projects and future on etc. There are 2 full time Dev teams behind etc and + 1 team helping, so there are total 3 dev teams and bunch of other individual contributors.

1) etcdev team - (core devs) developing emerald project and it is already under alpha stage.
2) IOHK team - under Charles Hoskinson team, developing another client written in Scala.(might release an alpha code this month)
3) Gavin wood's team under parity - maintaining parity.

+ individual contributors such as dexeran and codyburns (they might form another team)

Celebrity

sr. member

Activity: 420

Merit: 250

Quote from: Drnice on July 14, 2017, 08:01:25 AM

There was a hard fork that split ETH into two, which after the hard fork lead to ETH and ETC but they are together, the difference comes in, in their price.

That's right but ETC does not have any function. ETH is being used for smart contracts which are the base of all initial coin offering (crowd sales) and that's the main reason why ETH has supremacy over Ethereum classic.

But ETC is good in terms of exchange related purposed to generate profit. It's highly speculative.

shafi alam

full member

Activity: 630

Merit: 100

if you wants to more information you can use website or Blog about it, as i know ETC & ETH was divided last year. and Etc come in market about few time ago, on the other hend ETH was older then ETC.

mklost

full member

Activity: 471

Merit: 102

ETC needs support projects to receive more value until now.

Drnice

sr. member

Activity: 588

Merit: 251

There was a hard fork that split ETH into two, which after the hard fork lead to ETH and ETC but they are together, the difference comes in, in their price.

arbitrage

hero member

Activity: 560

Merit: 500

Quote from: nappoleon on July 06, 2017, 02:11:45 AM

I see that there's a lot of misinformation here.

Facts:
* ETH is no older than ETC in a blockchain sense, they have similar history until the hardfork.
* ETH is the forked chain, ETC is the original chain, hence making ETC the original ethereum.
* the DAO incident is not a hack, it's an exploit of the BUG in the DAO smart contract. What happened there was like 'when you left your house keys inserted at your door knob then you completely not blaming yourself of getting robbed'. In software level, the contact allowed the draining of funds to occur, the exploiter just uncovered the vulnerability. Pretty irresponsible right?

You have nailed it, after this it is very hard to tell more.
But i will, there is also one big difference ETC is decentralized which is not the case with ETH, also Vitalik can dump on you every second, as seen before. Everything here tells me that ETC is the future, ETH just hiding behind big PR wall.

Shishir99

sr. member

Activity: 644

Merit: 379

Eth has shown tremendous improvement than etc.
Eth is backed by lots of giant company.
Vitalik is a genius man behind Etherum.
Ethereum community is stronger that Etc.
But Etc has lots of room for improvement and can go 5x from current position.

nappoleon

full member

Activity: 322

Merit: 100

Quote from: VanDeinsberg12 on July 13, 2017, 11:30:37 AM

Quote from: nappoleon on July 13, 2017, 11:15:47 AM

It is sad to see that a lot of people are misinformed about ETC.

THe fact that etc just another clone from eth, that means to give the big price to the etc is not a good reason. A lot of people are not misleading with the truth about etc is a criminal coin.
You might not be called them misinformed about etc. but that was the fact.

You see? When you said clone and criminal that is where you're misled. It only tells me that you're either relatively new to crypto or lazy to do research or incapable of critical thinking.

speaktome

sr. member

Activity: 462

Merit: 250

Quote from: Febo on July 13, 2017, 10:24:15 AM

Quote from: Emperor of Man on July 03, 2017, 02:19:46 PM

Because ETH is a lot older and it's run by a snake called vitalik. Grin

ETH is not older. They are exactly same old. Since was same coin for more then a year. and shared same blockchain, that is now ETC blockchain. If we look that way, ETC is older since host the original blockchain, but practically they both share same blockchain till the moment ETH decided to go separate way.

I think you both have each one reason in something the chain at one time was the same but ETH first appeared on the scene, for example in the exchanges, for this reason one is older than the other,but I do not think that's the reason why the first is more expensive than the second,but rather I think because the majority decided to switch to the new chain that used the oldest name for the simple reason of supporting who designed the platform,since it is assumed that being supported by him would be more convenient for them.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: soul-impact on July 13, 2017, 11:57:20 AM

Quote from: Febo on July 13, 2017, 10:24:15 AM

Quote from: Emperor of Man on July 03, 2017, 02:19:46 PM

Because ETH is a lot older and it's run by a snake called vitalik. Grin

ETH is not older. They are exactly same old. Since was same coin for more then a year. and shared same blockchain, that is now ETC blockchain. If we look that way, ETC is older since host the original blockchain, but practically they both share same blockchain till the moment ETH decided to go separate way.

It's crazy when you say that ETH is not bigger, look at the value of ETH and ETC now, ETC is not even equal to 10% ETH. It is a very small value for a coin of the same origin.

Where I mention word bigger? Can you please show. ETH is bigger in all expects. Its blockchain is now so big 200 GB that is quite alarming what will come in next not just years but even months.

Quote from: JerryWinski on July 13, 2017, 10:37:52 AM

ETH is higher because everyone is using it and no one is using ETC. Since they are the same tech I do believe that it will stay this way.

EOS may cause trouble for eth but maybe not as eth has first mover advantage.

EOS dont even exist. ETH and ETC have amny other competitors allready working and isuing tokens. Like XCP, Bitchares, NXT, Waves, ...

soul-impact

hero member

Activity: 854

Merit: 500

Quote from: Febo on July 13, 2017, 10:24:15 AM

Quote from: Emperor of Man on July 03, 2017, 02:19:46 PM

Because ETH is a lot older and it's run by a snake called vitalik. Grin

ETH is not older. They are exactly same old. Since was same coin for more then a year. and shared same blockchain, that is now ETC blockchain. If we look that way, ETC is older since host the original blockchain, but practically they both share same blockchain till the moment ETH decided to go separate way.

It's crazy when you say that ETH is not bigger, look at the value of ETH and ETC now, ETC is not even equal to 10% ETH. It is a very small value for a coin of the same origin.

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: nappoleon on July 13, 2017, 11:15:47 AM

It is sad to see that a lot of people are misinformed about ETC.

THe fact that etc just another clone from eth, that means to give the big price to the etc is not a good reason. A lot of people are not misleading with the truth about etc is a criminal coin.
You might not be called them misinformed about etc. but that was the fact.

nappoleon

full member

Activity: 322

Merit: 100

It is sad to see that a lot of people are misinformed about ETC.

nappoleon

full member

Activity: 322

Merit: 100

Quote from: JerryWinski on July 13, 2017, 10:37:52 AM

ETH is higher because everyone is using it and no one is using ETC. Since they are the same tech I do believe that it will stay this way.

EOS may cause trouble for eth but maybe not as eth has first mover advantage.

when you say "no one is using ETC" is an outright lie. Maybe you just wish no one uses it.

nappoleon

full member

Activity: 322

Merit: 100

Quote from: Togie on July 12, 2017, 10:42:27 AM

because developers of ethereum still supporting the ethereum and etc is just a fork that will watch eth updates

uhm, just to let you know. ETH is the forked one.

JerryWinski

member

Activity: 110

Merit: 10

ETH is higher because everyone is using it and no one is using ETC. Since they are the same tech I do believe that it will stay this way.

EOS may cause trouble for eth but maybe not as eth has first mover advantage.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Emperor of Man on July 03, 2017, 02:19:46 PM

Because ETH is a lot older and it's run by a snake called vitalik. Grin

ETH is not older. They are exactly same old. Since was same coin for more then a year. and shared same blockchain, that is now ETC blockchain. If we look that way, ETC is older since host the original blockchain, but practically they both share same blockchain till the moment ETH decided to go separate way.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

the price of ethereum more expensive than etc is because many investor is interesting with ethereum project itself and they spend their money to support the project. with many project using ethereum base, the investor is ready to invest more money. but we can not forget with ethereum classic as ethereum classic is great coin too and waiting to increase like ethereum.

Highman

newbie

Activity: 22

Merit: 0

Despite the price dropping I think longterm ETH is a save bet. Not so sure about ETC.

nasibakar

sr. member

Activity: 250

Merit: 250

its tech value is different.

ETH may do things like LTC (in general)
LTC can not do what ETH can do (now).

ETH can do more and many things in sort of, the reason the price is higher.

Topic: Why price of eth is higher than etc (Read 2450 times)