The ETC/ETH has been some of the best drama I've experienced in a while, and I love drama :)
Code is law - and immutability of the blockchain is key to building trust within the community.
After a rebellion (in this case the hard fork), a rebel group is usually weak and unorganized when the initial dust settles. However, when Western military and political advisory teams show up with money, weapons, and strategic leadership capabilities, things begin to change quietly and quickly.
Barry Silbert, arguably the leading investor in the crypto currency space, has been stockpiling ETC. He has also backed 30+ companies within the Bitcoin ecosystem. The Ethereum Fork has shown us what a potential Bitcoin block size adjustment could do to the BTC community. Silbert wants his companies to be able to survive and thrive, regardless of whether Bitcoin can scale accordingly. ETC is the technological infrastructure he needs to hedge his bets. Simultaneously, those are the companies Ethereum Classic needs to grow and establish its validity as a major public blockchain. Digital Currency Group has the financial resources and strong developer talent embedded in its portfolio companies that could drive the growth of ETC.
Enter Charles Hoskinson (@charleshosk), the original CEO of the Ethereum Foundation. This is the kind of moon guy ETC needs - https://steemit.com/ethereum/@charleshosk/thoughts-on-an-ethereum-classic-roadmap.
Throughout history, the most successful rebellions have been built on unshakable philosophical ground. For ETC, Code is Law. The immutability of Ethereum Classic's blockchain will be its defining pillar. A lot of Moon guys are involved in Ethereum Classic. They have shown up very quickly with money, weapons and strategic leadership capabilities. The philosophical bedrock is secure and construction is underway. The Blockchain Blonde is ready for the moon :)
Barry Silbert and Charles Hoskinson are involved so ETC will moon? That's a weak argument imo.
The success of Ethereum is dependent on the developer ecosystem improving the protocol and building apps that are useful to people. The vast majority of the developers (and all of the devs that got Ethereum to this point) are committed to building on ETH. The fact that a few speculators have the ability to drive the price up based on their philosophical views does not mean ETC will be successful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can you estimate the cost of porting ETH dapps to ETC
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't understand the question.
Could someone easily copy a dapp and run it on ETC? Sure. That's irrelevant though--- a crypto dev community is about building easy to use libraries, making changes to the protocol as necessary, etc. ETH has all the talent on this front, and ETC has none from what I've seen so far.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am confused. If ETC can run all the ETH code easily, then doesnt that mean that anything all the wonderful ETH devs create also works with ETC?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That is the case now. My point is the code changes over time so that won't be the case for long.
Also, why would users want to use a copy cat version of a dapp?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
AKAIK and this was answered for me by two upcoming DApp teams. They both don't intend to use ETC at present but could switch over if there was a convincing reason to ie market pressure.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
the entire premise that ETC has no value since all devs are ETH devs has a couple fatal flaws. The first one I already pointed out and users dont really care if it is a copycat or not, if it is useful and works, that is good enough. So if ETH makes useful dapps, ETC has them.
also if you think that hoskinson has no devs or that there are no devs who will go from ETH to ETC, you are assessing the environment incorrectly. The lower cost of ETC alone is an advantage and a different set of people now have stakes in ETC and are motivated for it to succeed. this ETH maximalizm makes as much sense as bitcoin maximalism
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I didn't say that ETC has no value. The value of any digital currency in the market is determined by buyers and sellers, and clearly there are buyers in the market for ETC.
All I'm saying is that I believe the long-term value of Ethereum will be determined by developers, and right now the majority of dev talent is with ETH and it's highly like that the long-term value will be in ETH. We'll see!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
the recent hardfork sure seemed pretty centralized. there is a corporation and things were orchestrated very smoothly. I am sure the govts took notice, which means ETH is not a suitable chain to use for anything that any major govt is against.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
until the first govt mandated hardfork is forced onto the hardfork friendly ETH chain
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There are several plausible arguments against ETH, but that's not one of them.
A hard-fork is a decision voted on by the market. There's no one for a government to force a hard fork onto-- it's a consensus decision.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
DCG has significant developer resources and expertise within its portfolio companies. I think Silbert realizes that the Bitcoin blockchain will be difficult to scale. A lot of DCG's portfolio companies' business models are built around the idea of the public Bitcoin blockchain. If Bitcoin can't scale, those companies will need a new public blockchain for their businesses. Given that Silbert has a significant position in ETC, it's likely that he will direct his companies to work with the Ethereum Classic blockchain.
Aside from that, ETH isn't the true Ethereum chain, Code is Law.
Do you think Coinbase will eventually allow its users to buy and sell ETC?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As far as I know, DCG is primarily a minority investor in its portfolio companies and has no decision-making power in any of them. They're investors, not developers and its a stretch to say they have any developer resources at all.
If customers want to buy/sell ETC over time, Coinbase will add it. But the vast majority of interest remains around ETH and I think that will continue based on the premise that developers make the chain, not investors.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good post, but why the blonde tag?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
maybe author is blonde
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Because I'm the Blockchain Blonde ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nah, it's not gonna happen.
https://steemit.com/ethereum/@crossroads/eth-vs-etc-what-matters-is-the-future
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post.
I agree with you on this quote:
I also believe that is why ETC will stay and not disappear. It's a major asset for the definition and application of future smart contracts.
And the best proof we have is that it already re-spawned once from ETC.
But this does not mean that ETH will die. Imho, ETH has more professional applications and will moon as well when companies and businesses will start to implement blockchain based services. ETH showed that attacks could be "cancelled" (bad word... I know) and proved the resistance of the system. It's definitely a plus for a mass-adoption.
The ETC/ETH split is a good thing in the end: These 2 currencies will both remain and have different roles based on their characteristics (immutability vs. resistance to attacks).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that it is too early to talk about the ETC to the moon. But the best part of your post is photo and when I see blonde talking about crypto, it is drama, inevitably.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What an absolutely beautiful, beautiful shot! Landscape isn't bad either! ;-)
Is that Yellowstone National Park?
With your history in real estate, I think you could be a fantastic asset for Steemtopia, we would love it if you would come and join us to see what we are all about. We are looking to purchase a large parcel of land which will allows us to create a universal sharing economy and society, where each citizens vote is counted and heard via the blockchain, and skills are exchanged for goods within the community, nestled among rich vegetation, farming, aquaponics, fishing and basic society that focuses on the human experience as the core principal, over the almighty dollar.
I hope someday that you will join us.
I really hope that we could use your input on some real estate decisions, eventually. We are going to need all the help we can get, but if we can collectively pull together, I believe we can do this, but we are going to need your support.
Kind regards,
Optimistic
Followed and upvoted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that ETC will not disapear, but ETH has the major support from the community due to how ETC was originated, and in the end ETH will have better price than ETC
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Talking about ETH and ETC , aren't we leaving out NXT.?? What are the chances for NXT to beat ETC and ETH ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I sure see some good opportunities on the ETH/ETC trade
So... somehow I still think/hope both chains will remain
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit