Scary Monsters (And Super Creeps)

in ethereum •  8 years ago 

After Ethereum Classic (ETC) started trading on Poloniex alongside newly forked Ethereum (ETH), quite scary stuff started happening on Reddit. Here are some excerpts:

It's very simple, people. Eth. Classic should not exist. This is not about being classy, competitive, friendly, or whatever other euphemism you want to use to describe this monstrosity.

OK, now we need some whales to dump ETC on the market and put out the smouldering campfire.
ETC price at 10% market cap of ETH is creating a huge FUD nightmare for Ethereum. Please just do it already.

By network consensus, if Ethereum Classic forks - exchanges must recognize the dominant chain. Correct? Well, ETHC cannot maintain legitimacy if it forks again. Well, guess what, they have less than 1% of the network hash rate. It is now in the miner's best interest, on the true chain, to throw 2% of hash power on the ETHC chain and destroy it. This harms the entire ecosystem.

Price will dwindle to zero the moment the other 99% of the network start dumping this coin into oblivion. I have to say, Poloniex is profoundly immoral and incompetent for bringing any form of legitimacy to this hoax. This is an act of war to be perfectly clear. In fact, let's just drop the pretenses. Miners should just fork and destroy this cancer before it spreads any further.

I will do everything in my power to destroy Eth. Classic.

We can fork Eth. Classic with a poisoned chain and render the main chain entirely useless. No exchange will host it. There are other credible threats as well. For example, we can deny ETHC of service perpetually with a flood of dust transactions. Replay attacks might also be useful.

Polo will make some cash out of this under the false pretence that it's the 'right thing to do for the Ethereum community'. No one is asking for this except a small minority of salty ideologists.

Every traders please stay away from Poloniex, this is a hacker-friendly unethical exchange. Lawsuits are sure to flood their gates.

We should show poloniex how dangerous it is to add the minority coin, lets quickly release a mining pool that starts mining at the block poloniex added etc producing only empty blocks. If we manage to get 51% behind it it will become the longest chain then it will reverse all the transactions made today on the etc chain.

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  ·  8 years ago (edited)

ETHC is trading at 10% of ETH regular? $80mm for a platform with no developers on it? I mean that seems crazy. Has anyone here BOUGHT any ETHC?

ETC is that a new coin?
Is not good for a coin to have, to many big hands, then the price would crash if it gets dumped!
Great post

  ·  8 years ago (edited)

Great video, thank you for share

  ·  8 years ago Reveal Comment

so eth is like Decentralize decentralization right? if I dont like what you do I attack you!!!!!!!!!
This problems shows the real face of eth community

crypto currencies are increasing day by day. but only few make place in market.

It is a new way how banksters fight against crypto.
Create myriad of altcoins to fight against Bitcoin success.
Create clones of most successful altcoins ETH->EXP->ETC.
The goal is the same break peoples confidence in crypto

Cool Monster :)