Fastest Way To Buy Bitcoin Reddit Ethereum Classic Proof Of Stake

If it's wrong then what follows is transitively wrong. From what I heard, he wanted to make Ethereum a for profit endeavour. Ask around on Discord for what needs to be. Every time you buy ETC, you are actively supporting an attack on Ethereum by donating your money to these people, with the added risk to lose your investment. Getting things done in a decentralized project is all about taking the initiative. I dunno, approximately 12M of the pre-sale ETH is listed as "other" It's ironic that when I first started reading about Ethereum in January that I ran into these types of articles and didn't invest earlier. Ethereum forked long before the DAO fork. Others creating FUD are those who have a self interest or are paid just to write the article. You can correct inaccurate link-flair assignments by typing "[AutoMod]" along Mining Bitcoin Computer Gpu Ethereum Beginners Guide the flair name in a top-level comment, e. If Fastest Way To Buy Bitcoin Reddit Ethereum Classic Proof Of Stake are right it also means that Bitcoiners are incorrect about their most cherished belief, that a limit of 21 million coins is a good thing, and indeed researchers have concerns about what will happen when Bitcoin transitions to a fee only model, that it may open Bitcoin up to exploits from miners, such as the selfish mining attack. Post was shared on twitter Cryptocurrency Mining 101 Ico Definition Crypto Currency barry silbert, whalepanda, collincrypto and other etc trolls And another pump when they announced there was something really big to happen with ethereum classic at a certain block number. What if a similarly large theft resulted from exploiting a bug not in ethereum itself but in third-party software it's built on - say a compiler or operating system bug? Why wouldn't the original chain Ethereum Classic still be a great investment today? What can you do to help? In the case of Ethereum though, it already has tremendous value based on the economics of PoW. The hackers, since they pretty much commited a theft, remains rogue. This could provide the necessary friction-free conditions for price to move up-up-up in the expected Bitcoin Miner Coloation How Do I Store Litecoin manner, we'll see. All of the credit lies with the Devs and a small community of people sorrounding. Any developments and ideas Binance Password Security Get Notification When Deposit Is Made On Poloniex likely spill over into other crypto markets. ETC will need an army of developers just to keep up. Take what we saw in chat protocols over the last 20 years: Do not create new accounts to get around Reddit or Subreddit rules may result in a site-wide permaban by Reddit. I also don't believe that Ethereums solution was bad. Main points for me is the fact they kept the Ethereum name, they should have zero right to that and Shillbert naming his ETF the Ethereum trust initially shows what kind of character he. So, on a currency-only basis, PoS coins do not work well since they don't intrinsically make their own markets -- and they need to in order to attract stakers. But that's not what you were arguing; you said ETC was the Are There Trading Fees On Binance Is Poloniex chain"; it's not, Frontier is. In this case, the smart contract had a design flaw that allowed someone to steal over 3. Maybe not sure not even its authors. Start your own initiativeor contribute to existing ones:.

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They'll learn from it and move forward like the rest of us. Bitcoiners with open eyes don't trust him either, just have a look at this: Your comparison is void because the quantitative variable is unknown since anyone can own an account. I was there when it all happened, in the middle of it. You should consider this when it comes to your thinking about which "side" is right. I see that the amount of people being confused, are increasing in the daily thread. So all their 'code is law' bullshit is just a way to concern troll and cause FUD. No spamming, trolling, or drive-by posting. The idea of Ethereum Classic is to not simply decentralize currency, but make a decentralized world computer. Charles hoskinson - the current ETC leader was fired from ethereum. Ethereum can move to decentralized governance when sufficient implementations have been tested. I have always felt that Ethereum community does not fully appreciate PoW miners and the value of mining economy and the network effect that is associated with them. In Ethereum's case, it has to be both a good currency and a good smart-contract platform, and it's not clear to me that Casper is leading it in that direction. Let others experiment with it from the ground up. I'd be happy to be proven wrong. What supports the pre-fork ETC coins? Smart contracts have been quite a revolutionary technology, although the same concept will be part of the Bitcoin protocol soon. But let it be clear that the growth of Ethereums eco-system has proven that our community is much stronger and more vigilant than these attackers had hoped or imagined. Purism about immutability and code being law is just marketing speech basically. Naturally it would be open source but my main point is that once development of ETC is largely in Scala scorex framework it will be difficult to mantain back compatibility with the ETH code base. As I am sure most of you have heard this before I am new to Crypto. An immutable ledger is the tech behind block chains. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector. If they are not stealing myetherwallet code, they are stealing MetaMask to prop up there scam show:. It didn't need to, if you always follow the longest chain most work. It's actually true for a lot of crypto currencies. The money was once again in the hands of the investors, so it could feed the eco-system: PoW and it's ever changing landscape is the exact reason why I believe this standoff will be resolved eventually Submit a new text post. There are a couple of PoS cryptos that have managed to keep their network decentralized for years. People who live in the right Instead Of Cash Assests Can A Company Have Bitcoin Assets How Much Is Ethereum Worth and have Other Bitcoin Products Bfgminer Solo Mining Litecoin to electricity at low prices have an advantage over people that don't. Mining Profitability Down Most Profitable Coin To Mine On Genesis creates liquid markets early and allows the ecosystem to grow. In the long run, the Ethereum Classic community hopes there is value in taking the principled approach that code is law. Blockchain — What is bitcoin? Less mining isnt just less inflation. Vitalik being a person that is apparently good at math and statistics I find this a proof that he himself had incentives to do this: The Ethereum Foundation made a pragmatic decision to save their business. While technically true, the transactions were still censored. These Cash Bitcoin To Bank Account Litecoin Dollar Value applications that require ether to run, so people will buy and sell ether. Just the above three points explain why many people who held ether at the time of the DAO felt that the hack was unfortunate, but that extraordinary risk can come with extraordinary upside or downside. PoS should not "replace miners" but aim to "emulate miners". I think this is harder and more expensive than you think. I would also like to hear from someone who has a positive view on ETC and it's future, because I'm at pains to believe the parallel growth of ETC is not based on anything substantial. And then, a guy really looked at the code, and Peer To Peer Bitcoin Ethereum Projection Trump that the code allowed him to get most of the funds out of the contract using these governance rules. Your comparison is void because the quantitative variable is unknown since anyone can own an account. Ethereum is a great idea. Thats Bitconnect Send Bitcoin Ethereum Wallet Cleaning the extent to what the "early adopters" did, try to pump the price by spamming. Paul Andrew Paul is a crypto-enthusiast, strategy game world champion, mathematician, and educator based in Taiwan.

Ethereum Classic (ETC): A Darkhorse Hold for 2018?

Surely if ETH is so strong it can resist a similarly named coin. That's fine, you can have your opinion but you won't be taking away. Your thought is flawed imo. Inappropriate behavior includes, but is not limited to: Ethereum Classic is the original Ethereum blockchain and allows What Is Earthcoin Cryptocurrency Currencies Coin Gecko the implementation of decentralized applications and smart contracts. You leave out from your history the fact that Ethereum was marketed and still is as "Build Unstoppable Applications" and "Code is Law". I've not really questioned it and almost bought some ETC out of ignorance. Or do they plan to hardfork to PoS too? Thoughts on that here: I don't disagree that ETC is pretty worthless, but you paint a pretty one-sided picture. Heck for a lot of people that's apparently an attractive proposition. Look for the real interesting innovative technologies that want to bring something good to this world, What Country Is Buying Bitcoin Ethereum How To Get Contract Creation Transaction With Web3 let us all move forward. Do you believe celebrity endorsements help the blockchain industry? I can not be sure. Lots of ICO's receive some kind of prefund at a better valuation. How Do I Use Ethereum? Also note that ETC broke "immutability" long ago, they like to bury this simple fact and continue to market their scam as still being "pure":. ETC needs to carve its own niche and do its own innovation and not be a stale copy of ETH if its to succeed. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. On chain governance still requires participation, you do realise that? The Ethereum Classic community was being joined solely by people who had a posting history of negativity against Ethereum. Follow Reddiquette and Reddit Content Policy. Physical Assets on the Blockchain: I appreciate your link, but seems that if ETC is as honorable as they make themselves out to be, they should change their name. The EF and wider Ethereum community are not law enforcement. On average there are second block times with a reward of 5 ETC per block. Their Foundation also has veto power in the first 6 or 12 months. I get the impression that the ETC people have integrity. How convenient for Bitcoin. This will have direct impact on the kind of applications which can be executed in the ETC chain as it will have inferior specs. The people made the choice. Yea, that is an understanable position that you have, but I am also saying that the scenario Herman described is a possibility as well. Just be aware it is a long-con scam that will eventually collapse. NEO, in particular, has made a name for itself in the smart contract space. Our highly decentralized ecosystem means that ETC does not have the same centralization issues of other blockchains. I forked therefore I remember , and what you said is fact, I dumped like over 1k etc for like. They are the original chain with an immutable blockchain. We are almost a year after the fork, and you are still ranting everywhere you go about how immutability is so important, much more important than allowing Ethereums' future to be put in doubt by the theft of a huge chunk of coins. ETC believes this monetary policy makes Classic a safer investment as the value of the coins will not decrease over time due to a neverending increase in supply. However, let us not forget what ethereum, long ago, claimed, and was its raison-d-existence:

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But do others desire even more flexibility in reversing decisions that go haywire? That obviously moves the price up. My goal is different: Do you have any thoughts on PoS and if that might be able to provide a solution? That proof of work favours people who have access to cheap power, and encourages economies of scale, which shift the balance of power and is the very definition of centralisation? Every other chain, etc included, is a fork. I hope some new people read your write-up and know to protect themselves. Lots of ICO's receive some kind of prefund at a better valuation. I'll dig a bit deeper and let you know ;. Nothing really happened they just posted their declaration of independence. I do wish the informal vote had been better and sooner publicized, but there was real-time pressure. It will not be the same as with Bitcoin. It's dishonest for them to continue to use the Ethereum name and logo. And in any case inmutable blockchains do not exist. Just look at http: There are still large amounts of ETC waiting to get dumped. Not always, commodity-markets for eg. It's probably just "confirmation bias". This is the situation now with PoS coins. Follow Reddiquette and Reddit Content Policy. The creator of ethereum is coming out against a proposal that would find the network altering its software to defend against powerful new miners. What happens after a hardfork, and both chains claim they are the proper Ethereum? In terms of PoS, without a good use case that stimulates demand-side liquidity, it just won't behave like a "cryptocurrency". And "scams being run" by the people who still have the following text on their website, even though every second word there is a damn lie:. What Is Dash Cryptocurrency Reddit Is Ethereum Robust think some people really are not realizing just yet on how a massive scale smart contracts will affect our society. People are just fed up with the ETC scam confusing investors at this point. So a lot of "smart people" signed up to the DAO, a super-duper smart contract that was going to play venture capitalist. Submit a new text post. Not always, commodity-markets for eg. You te supposed to find the highest setting without affecting your Eth. Ethereum is a great idea. How bad is the pain? So what exactly is your problem again? It's indeed true that the vocal majority in the Bitcoin subs doesn't necessarily represent the whole Bitcoin community, as indeed a lot of people there I would argue the open minded part chose to diversify into ETH. Your comparison is void because the quantitative variable is unknown since anyone Generate Multiple Bitcoin Address In Binance Bitfinex To Poloniex own an account. Then you decide to breach the contract by changing the properties of what the investor already bought. Start your own initiativeor contribute to Power On Express Cryptocurrency Why Vitalik Started Ethereum ones: The stakes are too high to experiment with it .

He just "Whoa, sounds like something I should stay far away. Kind of like how voluntary, decentralized communities should work. Etc don't believe in participating in trolling. The actual original chain is Frontier, which has been dead for over a year. The value of ETH is derived from BTC and the value of BTC is derived from its ability to exist outside of any centralized entity and maintain its state no matter what any external actor tries to. Two word flairs require a hyphen in between. Difficult decisions Bitcoin Forum Altcoins Ethereum Wallet Key need to be made by any community in the development of something as complex as Ethereum. If one is interested in altcoins, I would recommend both both Litecoin and Auroracoin for their sound fundamentals. If they were independently wealthy maybe they could have lived on savings, and gotten paid in tokens, Can You Mine Anything Otrher Than Bitcoin On Antminer S7 Ethereum Token Erc20 apparently they weren't, so they sold some tokens to some people who were willing to take a huge risk on a nonexistent currency. There was no hack on Ethereum, if there was it would've lost all faith. Without community voting devs are deciding on hard forks and other major changes to ETC. Do you happen to have a pre-sale. The fork was enough to put me off of the project and sell my holdings. The chain was quickly coopted by profiteers and has been run by them ever since. Ethereum classic community does not attack ethereum community in such ways. No creating multiple accounts to get around Reddit rules. My biggest concern for Ethereum and all other altcoins is their governance models: So you can say, 'The principle behind ETC outweighs the pain of maintaining two ethereum blockchains'. Essentially, the DAO was a big fund, that could release part of these funds to undertakings the holders voted over, with a lot of complicated gouvernance rules. Yeah, people shouldn't be able to read some facts about the situation and decide for themselves! Can everyone up vote and also moderator put this on top of the list so it can be a daily reminder for the new investors. Its also less selling pressure, which helps keep the price stable, or allow it to rise. In my view, my predictions stated in OP are inevitable, but we'll see. And could someone who knows how, create an animated infograph of this so people don't tl;dr it? This is something only those in the know now know about. If you based your opinion on reality and not just loyalty because of your investment, you would know that Ethereum is a much better solution. Have you forgotten that the float is only a minuscule fraction of the total issuance, and that there exist very large quantities of untouched ETH from the crowdsale days? On the basis of 1 , 2 , 3 and 4 and assuming nothing else environmentally changes, it's possible that this value transfer may occur. It will not be the same as with Bitcoin. Great post nooku, i only noticed in the comments it was written by you. So my comment is based merely on seeing his name for the first time in a few years and remembering. I'm a bot, beep boop Downvote to remove Contact me Info Opt-out. It's not fair to claim that it was "bitcoiners" or "Larry Silbert" who were the only ones shocked by the notion of a hard fork to "Stop the unstoppable applications" or violate the "code is law" social contract.