ETHEREUM vs ETHEREUM CLASSIC
ETHEREUM hard forked a long time ago into ETH and ETC. The main reason was a large amount of stolen money.
- ETH supporters said it's fair to turn backwards the clock in the blockchain and recover the stolen money
- ETC supporters did not agree, saying that " valid transactions can never be erased or forgotten"....no matter what.
ETHEREUM is a bitch
After "selling it's soul" :)) to J P Morgan for a big needed support, and getting so to a price of 300-400$, now ETH is panning to implement ZCash's untraceable transactions protocol in this September 2017 Metropolis hard fork ( upgrade).
SAY WHAT????
Let's follow the logic:
- ETH has a huge market and support compared to ETC.
- The only advantage ETC has over ETH is that no matter what happens, even if we talk about stolen money, transaction is guaranteed.
But UNTRACEABLE transaction means also that if I steal some money and move it to my account nobody will be able to trace the transaction to my account
So...correct me if I am wrong....This means that ETH transactions will be more guaranteed than ETC's....as you will not even be able to see to what account the stolen money went.
So ETH is taking from ETC the only quality it had above ETH, and also making it better, as on ETC even if the transaction is guaranteed, you are able to see on the blockchain to what account some eventual stolen money are moved. And with the 2017 big expansion of crypto market, I don't see " turning backwards the blockchain" possible anymore. The market is too big. The implications of this would be too bad.
So yes, ETH is a bitch, splitting with ETC for this reason and now offering the same, even more privacy in moving eventual stolen money. But...that's how it is, bad boys gain more market.
We are in a so called bubble...needless to keep saying we are not. It is a speculative market, because most of this coins are not integrated in an economical circuit, they are not used to buy goods and services. They are simply bought and kept because in crypto there is a fixed number of "x" coins....and people speculating that they will be more integrated in an economical circuit and therefore demanded their value will go up as the demand increases.
Therefore I am not saying that ETC price will go down now...or tomorrow. It depends on the attachment to ETC of the people keeping ETC. But in long term....yes....the more valuable coin will cost the most. And this value is appreciated by offering more or less or better qualities that are on demand on the market. And with all the "regulating crypto" going on today....I think that untraceable transaction is on demand...especially in China.
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I sometimes worry about bitcoin at night. There is some comfort in thinking that every night, we are getting closer to the moon.
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