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

nappoleon

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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

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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

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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

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ETC needs support projects to receive more value until now.

Drnice

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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

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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

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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

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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

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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

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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

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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

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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

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

nappoleon

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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

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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

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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

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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

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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

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

nasibakar

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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.

Napole0n

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Quote from: HatakeKakashi on July 01, 2017, 08:35:52 PM

This coin have potential both ethereum and etc have potential. I think why ethereum is high price compared to the etc because ethereum is older coin and this coin have more potential coin compared to the etc. But I also have etc because I believe Ethereum classic will hit 100 dollars before end of this year and I think ethereum will increase at 1000 dollars. Buy ETC and ethereum so you make a lot of money.

Yes true, ETH is older than ETC, and I think ETH price will skyrocketing because ETH address use by many platform (now about 40 has listed on contract).

Question123

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I think why ethereum the price is more higher than etc because ethereum coin is older than the ethereum classic. And for sure etc will increase also what ethereum reach. But ethereum for me is the next bitcoin and ethereum is my top 1 altcoin and this coin gives me a lot of profit in the future. I have alsp ethereum classic for future purposes. Ethereum and ETC is partner and for sure if ethereum success etc will be sucess also.

uDwcHYO

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if etc team make something new useful for coin it could rise

soul-impact

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Quote from: Mrguru on July 01, 2017, 07:38:24 PM

Hi all,

I'm newbie and I want to understand more about crypto world.

I want to understant why eth is 300$ aprox and etc is 17$.

Same supply of coins, and is ethereum both,

Why eth is 20 times etc.

Thanks for your comments.

The answer is very simple, because ETH is the official currency, it does not carry any black note, otherwise, ETC is a coin formed from ETH, it is the solution to use the ETH number. Stolen, it carries a large black spot on its foundation.

64dimensions

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IMHO, there is no deep cryptocentric specific answer.

Tech dweeb's may not like the answer, but ETH vs ETC is a case in all its glory of falling under the umbrella of better marketing. The current ICO craze has gone to school, used as a template, the rise of ETH as an example of how to raise lots of money, establish a presence in crypto in a short time.

comp

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ETH is higher because of human hive mind / herd behaviour

Togie

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

pieleca

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The price difference will be lower when etc starts to be used for icos.

And also when eth goes to POS and the miners go to etc

nappoleon

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Quote from: Mrguru on July 12, 2017, 06:33:51 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?

With this facts, it's possible that ETH and ETC will have same price?

Thanks

It's possible, but you have to understand that the success of a project is not just quantified by the price.

Mrguru

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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?

With this facts, it's possible that ETH and ETC will have same price?

Thanks

nappoleon

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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?

woxXxow

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The min keynote is the "hack" a lot of money was stolen and people are willingly choosing eth chain not to loose their money Roll Eyes

tristan1960

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Quote from: ranih on July 01, 2017, 08:23:47 PM

ETC and ETH split up (hard-fork) after the DAO "hack" last year.
Most of the community moved to ETH therefore its price is much higher (and that's why they are also very similar).

This is right. After that hacking action, the community and investors prefered ethereum and they adopted ethereum. Thus, etc stayed very weak for months. In functuonality, I don't think etc have a future. The only thing can happen on etc is price speculation, but ethereum has a innovative technology.

ranreichman

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The developers and community chose eth over etc after the DAO split. Now, without a vibrant community, etc is more of a lagger to eth's improvements.

Emperor of Man

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

Vaslime

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Quote from: ranih on July 01, 2017, 08:23:47 PM

ETC and ETH split up (hard-fork) after the DAO "hack" last year.
Most of the community moved to ETH therefore its price is much higher (and that's why they are also very similar).

Correct ETC is very familiar with ETH as ive know that the programmers of ETH create a new algorithm and that is called ETC its a project that will take over the ETH but as you can see its booming price is going up and for the issue of ETC that has been hacked lately it will drop alot not only the value of the coin but the numbers of believers in it. Hope that they can asses what is the vulnerabilities of the coin.

Mrguru

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I understand, thanks

ranih

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BTW, You can read about it here:
https://www.cryptocompare.com/coins/guides/the-dao-the-hack-the-soft-fork-and-the-hard-fork/

(or google "etc hard fork" and you'll get many other articles about it)

HatakeKakashi

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This coin have potential both ethereum and etc have potential. I think why ethereum is high price compared to the etc because ethereum is older coin and this coin have more potential coin compared to the etc. But I also have etc because I believe Ethereum classic will hit 100 dollars before end of this year and I think ethereum will increase at 1000 dollars. Buy ETC and ethereum so you make a lot of money.

ranih

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ETC and ETH split up (hard-fork) after the DAO "hack" last year.
Most of the community moved to ETH therefore its price is much higher (and that's why they are also very similar).

Mrguru

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Hi all,

I'm newbie and I want to understand more about crypto world.

I want to understant why eth is 300$ aprox and etc is 17$.

Same supply of coins, and is ethereum both,

Why eth is 20 times etc.

Thanks for your comments.

Topic: Why price of eth is higher than etc (Read 2453 times)