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I thought this is the original blockchain?
The original blockchain was deprecated on 3/14. Neither ETH nor ETC are using it. http://ethdocs.org/en/latest/introduction/the-homestead-rele...
> Don't take anyone's word for it; ask for unbiased sources.
I was curious what the respective chains hashrate is: Ethereum classic: 650~ GH/s Ethereum: 4400~ GH/s The minority chain is honestly doing better than I expected. I wonder how long it will last? What about price: Classic: $1.87 USD Ethereum: $11.69 USD That's fairly significant volume for both. It will be interesting to see where this ends up.
I've pretty much lost all faith in Ethereum and its motives. The way this has played out pretty much demonstrates that a good idea, no matter how beautiful, while still subject to being ruled by people capable of corruption/greed/or whatever you want to call it, can be tainted absolutely.
Earlier quoted context omitted.
The original blockchain was deprecated on 3/14. Neither ETH nor ETC are using it. http://ethdocs.org/en/latest/introduction/the-homestead-rele...
That's technically true but not actually so and is very misleading. Quoting you, > Don't take anyone's word for it; ask for unbiased sources.
Not sure what you mean by this. In case you need a refresher, this is how hardforking works: http://ethereum.stackexchange.com/questions/1952/what-is-a-h...
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ETC is a pump and dump scam.
Hilarious that this comment is downvoted. The coin has been quite literally pumped and dumped over the last week or so, and its value has fallen to around half of its ATH and around 15 percent of the value of the winning fork. However one feels about the principal of the decision to fork and the decision of the market to follow the Ethereum Foundation, downvoting factual descriptions of recent price movement on the E…
It's worth noting that before the fork there was no ETC "movement", there was just people who were unhappy with the fork. Everyone expected the fork to go to ETH.
However, when sufficient mining power refused to fork, a movement coalesced from the people who opposed the fork.
ETC is still up %300 from its stable post-fork price. The current mining power is up 2x-4x what it was post fork as well. Most of the rise of its price was preceded by increases in its mining power.
This implies that people are putting money into mining it.
When a fork happens you end up with a lot of people who have duplicated coins, so you would expect the "losing" fork to have some significant price dynamics.
But the growth in hash rate and the sustained price implies this is not a "scam".
That said I don't know what its future is- it needs a roadmap and a reason to exist to become viable long term. But at this point you can't say that won't happen.
I hold neither ETC nor ETH.
I was curious what the respective chains hashrate is: Ethereum classic: 650~ GH/s Ethereum: 4400~ GH/s The minority chain is honestly doing better than I expected. I wonder how long it will last? What about price: Classic: $1.87 USD Ethereum: $11.69 USD That's fairly significant volume for both. It will be interesting to see where this ends up.
I can't tell if the article is serious, knowingly over the top, or even an act of an epic trolling. In any case, it's an excellent demonstration of how techno-libertarian crypto-currency advocates inhabit an entirely alternative reality.
Your response is one of characterization, purely. You raise no objections, you provide no argument or reason to believe "they" inhabit an "alternative reality". You do call them names, though "techno-libertarian" is a weird one because how is that different from any other libertarian? I know of no group of people who call themselves "techno-libertarians" so this would seem to imply you are using it as a pejorative or as a code phrase to signal others of a similar ideology to you.
At any rate, your response, like so much commentary these days, contains no addressing of the argument, no specific claims or points, but merely derision and attitude.