ETC

ECOEXIT

The keys are only the means to an end. I’m also here for decentralised immutable technology, and I used to be heavily invested into ETH from the initial ICO. I was there for the various updates, chain throttle (ckitties), the DAO hack, ETC fork, many embarrassing moments, (badger dance). I had most if not all of my life savings invested. Back then I had to put my full faith in the developers, that they knew what they were doing, and it paid off. I didn’t believe they would sabotage their own work. While I dislike the existence of the keys in Cardano today. I still find it to have incredible potential, and once those “training wheels” are removed next year, I will get to have my cake, and eat it too. I participated in IOTA as well back in the day. (what a mess.) And while I’m not the biggest fan of Charles, I believe he has his heart in the right place.

73-80

Try BTH, ETC, BSV or BTG. all cheap right now and went to high hundreds in last bull rally!! got $100 to $300 in all of these plus $5000 spread out between other coins that has to make big profits this bull rally coming! gonna be a fun rally this time!!

Vision157

You don't need a full BTC, and instead, to think about amount, think I'm percentage. If you buy $400 in BTC and it goes up by 10%, you get $40 in profits, which you can keep it or reinvest it. BTC or ETH are those that scale up slowly but constantly, which makes them less risky. You can split your investment into two backers, one low risk so BTC and ETC, and the other medium risks like MATIC or CRO. I started with CRO, which is owned by Crypto.com. I got the first card with benefits that give me 1% off cashback in CRO on any purchases. At the end of each month, I added the earned CRO in staking, and I added 25% of my monthly investment into CRO, the other 25% in MATIC, and the resting 50% in ETH. My monthly budget started with $50, and depending on my monthly expenses, it was jumping between $30 and $100. CRO is great, and the project is also promising with the cashback. It is just less to worry about it. MATIC can be a bit volatile. That's why I was keeping an eye on it, so I ensured to sell in the right moment and buy it again later. ETH is not that different from BTC, but it's cheaper and has a lot of utilities, so def a pro, and it will keep growing.

srpoke

There has been price increase for the past one year. If you are excepting the price to go up 40-50% in a day, then you are in wrong business. What MSTR bought in a month is just today (one day) volume at Coinbase. They could have brought directly from a miner to not impact the price. There will be impact to price with Spot ETC. GBTC alone has 20B+ which need to converted to BTC.

Puzzleheaded-Pin-587

These answers mostly suck. Think about it this way. Blockchains in their purest ideological form are permissionless ledgers. When you look at most every major L1, they are run by the community of anonymous nodes paid in the token. The question of whether the blockchains will still be on the internet is the question of, Will there still be a handful of people willing to run this node for payment. In certain cases, that demand could be purely wiped, but look at the historical cases of ETC or LUNC or BCH, and I think you may start to get a better understanding of what's going on. The major chains? They will all be here. You can't stop them. The real question is what chains will be the most useful roadways for this future way the internet will be used? Those will build the most value. But will all ships rise? No, not all meme coins or whatever, but it's just because all demand evaporates. ​ Think about demand. Governments can't shut these things down. Coders can't. If anyone wants to run the node, it runs.

PainComplex

ETC

troythedefender

Why would they have ever created a trust for a dead chain like ETC?

michaelinimoto

what kind of price do you predict in 15 years.... its a good investment and hedge against inflation and the system. Venezuela etc are switching to BTC because of hyperinflation ETC.

Bunkerbuster12

Not sure the ETFs will be as much of a bull run as people think. Bitcoin is very easy to buy now. The ETC doesn't change that. Now if we see pension funds and 401ks adding the ETF, that's when I call bull run

TyroneWallinson

Wow lots of Metaverse and gaming tokens going ballistic. MAGIC, SUPERVERSE, ETC

Crypto_Cat_34_32

I think there's a case for people just being irrational during bull markets and pumping the price without much thought too (take a look at ETC, their LINK fund, and others).

Rez1009

Leave the 80%BTC/ETC and just HODL. I dunno about the staking, just seems quite risky using most of it for staking.

NoteExpress7152

Why do you think so? Even Ethereum faced a hack in early 2016 which led to the ETC fork.

Familiar_Television1

40% BTC. 30% ETH. 15% BCH. 10% LTC. 5% ETC. If you want more risk: 40% BTC. 20% ETH. 15% INJ. 10% MEME. 10% SOL. 5% SATS.

kaiise

GOOD QUESTION because even iran and russia have problems iwth international reserve curremcies suuply like ERUOS PETRDOLLAR and STERLING ETC and are doing tranasaction in their own currencies because of the cost to their strageic import economies \[ones they have not managed ot diversogy or beocme self sufficent\] ​ so pay no ateention to the NATO geopol parrpts below bleating away at talking points from military and IMF stink tanks purporting ot be news at ATLANTIC MONTHLY whihc used ot be fair ly decent rag until DAVID FRUM neocon and insane zionist made a bllody coup there at behest of the stacked board

obutr471b

DGB, ETC are near to their bottom, And far away from their ATH

EatMaTesticles

I would also buy ADA instead of BTC or ETC. ADA has the potential to 10x next bull run.

laughncow

I would go into there sub ever so often and just type JUNK as I like to do and it was funny how delusional they all were. I still do the same thing wit ETC and HEX for years now.

Reddit_Gold09

ETC, bought a bit at the top and now I just keep it to remember.

Easy_Log_5992

Huh? Just read about Premine and DAO hack rollback (ETC v ETH)

Snjordo

Well, there was a fork and majority of nodes, miners and users choose ETH instead of ETC. So it's not like it was decided solely by a centralised entity. Although you could say that most choose to follow Vitalik and the rest of team But you could also say that BTC was 'rewinded' after the inlation bug in 2010. Also, I feel if satoshi was here doing BTC/BCH fork, people would follow whichever direction he suggested

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

CointestMod

#Ethereum Classic Pro-Arguments Below is a Ethereum Classic pro-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > # > > # Pros of Ethereum Classic (ETC) > > **1. It uses PoW** > > With ETC sticking to Proof of Work (PoW) since the beginning, it is no wonder that it has been one of the top coins to mine for many years, most especially for miners with less than 4GB of VRAM. > > To prevent more 51% attacks to happen, its developers have switched its mining algorithm from Ethash to Etchash. This removes the possibility of renting hash power. Its reputation is rock-solid among miners, and it is one contender for migrating ETH miners after the Merge. > > **2. It supports smart contracts and other Dapps** > > Just like its forked brother ETH, ETC supports smart contracts. This allows it to support the same kinds of Dapps as ETH, albeit on a smaller scale and with fewer fees (currently, before the merge at least), > > NFTs are available on ETC as well. For those wanting a secure, PoW platform to build their apps upon, ETC would be the perfect choice for them. > > ​ > > **In conclusion:** > > As the original Ethereum blockchain, users of ETC pride themselves as the “original Ethereum”. Their developers continue to support miners, and keep the network secure with updates. > > With many questions being asked before the inevitable ETH merge, it’s also no wonder why it’s a popular choice for miners, as it can be mined even on older GPUs. Combined with its ability to use smart contracts, it directly competes with its bigger brother ETH in every manner and emerges better in each. > > TLDR: ETC supports miners while doing everything ETH can do. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

mvea

Latest updates: New AMA just went live hosted by Levana, a perpetual swap platform on Cosmos which supports up to 100x leverage on Forex, 30x leverage on crypto such as BTC, ETC and more. Please support this AMA by going here: https://www.reddit.com/r/CryptoCurrency/comments/17p306v/ama\_nov\_7th\_on\_rcryptocurrency\_levana\_perps/ Remember that the Moons will no longer show up in your Reddit vault from November 8th. They will still exist on the blockchain at the same wallet address, and you can import it to your own wallet like Metamask. Announcement here: https://www.reddit.com/r/CryptoCurrency/comments/17q6gkc/its\_november\_7th\_have\_you\_backed\_up\_your\_moons/

CointestMod

#Ethereum Classic Pro-Arguments Below is a Ethereum Classic pro-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > # > > # Pros of Ethereum Classic (ETC) > > **1. It uses PoW** > > With ETC sticking to Proof of Work (PoW) since the beginning, it is no wonder that it has been one of the top coins to mine for many years, most especially for miners with less than 4GB of VRAM. > > To prevent more 51% attacks to happen, its developers have switched its mining algorithm from Ethash to Etchash. This removes the possibility of renting hash power. Its reputation is rock-solid among miners, and it is one contender for migrating ETH miners after the Merge. > > **2. It supports smart contracts and other Dapps** > > Just like its forked brother ETH, ETC supports smart contracts. This allows it to support the same kinds of Dapps as ETH, albeit on a smaller scale and with fewer fees (currently, before the merge at least), > > NFTs are available on ETC as well. For those wanting a secure, PoW platform to build their apps upon, ETC would be the perfect choice for them. > > ​ > > **In conclusion:** > > As the original Ethereum blockchain, users of ETC pride themselves as the “original Ethereum”. Their developers continue to support miners, and keep the network secure with updates. > > With many questions being asked before the inevitable ETH merge, it’s also no wonder why it’s a popular choice for miners, as it can be mined even on older GPUs. Combined with its ability to use smart contracts, it directly competes with its bigger brother ETH in every manner and emerges better in each. > > TLDR: ETC supports miners while doing everything ETH can do. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

mvea

Latest updates: New AMA just went live hosted by Levana, a perpetual swap platform on Cosmos which supports up to 100x leverage on Forex, 30x leverage on crypto such as BTC, ETC and more. Please support this AMA by going here: https://www.reddit.com/r/CryptoCurrency/comments/17p306v/ama_nov_7th_on_rcryptocurrency_levana_perps/ Remember that the Moons will no longer show up in your Reddit vault from November 8th. They will still exist on the blockchain at the same wallet address, and you can import it to your own wallet like Metamask. Instructions here: https://www.coingecko.com/learn/add-reddit-moons-to-metamask

mvea

Latest updates: New AMA just went live hosted by Levana, a perpetual swap platform on Cosmos which supports up to 100x leverage on Forex, 30x leverage on crypto such as BTC, ETC and more. Please support this AMA by going here: https://www.reddit.com/r/CryptoCurrency/comments/17p306v/ama\_nov\_7th\_on\_rcryptocurrency\_levana\_perps/ Remember that the Moons will no longer show up in your Reddit vault from November 8th. They will still exist on the blockchain at the same wallet address, and you can import it to your own wallet like Metamask. Instructions here: https://www.coingecko.com/learn/add-reddit-moons-to-metamask

TewMuch

ETH has been losing steadily against BTC since the merge, currently at about 0.052 BTC/ETC. It was over 0.062 this summer. Everything is going to zero in bitcoin terms, ETH included.

I-Like-Art-And-Drugs

Everyone is free to make their own assessment. In my experience, ERGO is the most open and transparent blockchain that I've seen. If you're genuinely curious about EFYT's Distribution and oversight, I would highly encourage you to post in the Ergo Subreddit, or join the telegram channel and ask members of the EF directly. They are incredibly active on social media and I'm sure they would be happy to engage. As far as the ETC twitter account goes - I was never a fan of it since all it did was generate drama and served no real purpose, but that is over now and Ergo is back to it's original twitter account. Regardless of your opinion on Ergo's community as a whole, what CMC is doing is completely unethical and they 100% deserve to be called out by the industry as a whole. Their job is to provide accurate data, and attempts to extort fees to do their job should be widely criticized. The note that was attached to the Ergo page is clearly malicious and misrepresentative. The other thing to keep in mind is that Ergo's current circulating supply on Mainnet is nearly 50:1 the supply of EFYT (which was distributed on the Waves Protocol) and not accounting for that in the price chart is incredibly misleading.

iamsoldats

Wow, look at all the Ergonauts downvoting everyone. The EFYT was one to one transferable. A portion of all the ERG in existence was originally EFYT. CMC is correct. More importantly, why have the devs not posted the EFYT distribution? ERG claims to be a fair launched project, but there is no oversight at all for EFYT. The Ergo devs want everyone to think that it is completely decentralized, but the EFYT ultimately served as a stealth ICO and created ERGO bag-holders before a single GPU mined a single ERG. Between that shadiness, the issues last year during ETH’s transition (not going to explain it, just look it up), the downright manipulative usage of the ETC Twitter account, the dev “treasury” that serves as little more than dev “rewards”, the whining to CMC, and their outright brigading of any post or comment on this sub that dares to question the project, Ergo comes across as a portly run project with a nasty community.

inShambles3749

He is not at the top because there is no top. Charles could gtfo out of cardano and no one would care. Cardano is a somewhat decent decentralized network. Charles is too emotional he's not suited as a leader for anything. Also his ETC support was laughable.

Glubbies

**BEWARE OF SCAM - EOS ARBITRAGE 15%/ ARBITRAGE 15% A DAY ETC. ETC.** Hi Everyone, There is a scam going around that has gotten quite a few people already so I wanted to make a post about it so no one else falls victim to it. This is how the scam works; The poster will make a post titled something along the lines of 15% arbitrage method / EOS trading 15% arbitrage method etc.. and then detail how you can make +0.1% per transaction of EOS by sending your EOS tokens to their EOS address and then you will receive back more than what you sent. How the scam works: The address you are sending your EOS tokens to (usually it will be mxeosnetwork in the post but they also have other scam EOS addresses on the network) will be their scam middleman address ( eosiosystem1). Once you send your coins to this address they will send it to their central scam address which holds all the EOS tokens they have scammed off people and use this address to pay out the +0.1% they claim the method provides. So what you will see is you sending your coins to mxeosnetwork and they will have some bot to send it to eosiosystem1 and then eosiosystem1 will send it back to mxeosnetwork and mxeosnetwork will send it back to your address on the MEXC exchange as they will ALWAYS ask you to use this exchange. The transactions will work and you will get the amount back +0.1% but after a number of transactions they will send the amount to their eosiosystem1 address and you will no longer get it back. The posters usually post under multiple accounts that have good amounts of karma and don't seem sus but they're probably hacked or who knows how they got them. The addresses above of the EOS network are all hyperlinked as well and on them you can see all the transactions of the people they have scammed and their scam method can be traced. They also have other scam addresses they use such as eosupdeposit and mexceoschain. All of these can be seen doing the same process as above with eosiosystem1 as the central address. They will also delete their posts right away once they have been called out. Times are tough and it sucks scammers like this exist - hope everyone stays safe and vigilent and hope this can stop someone from being scammed by these scumbags.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

Cptn_BenjaminWillard

Yes, but it's something that happens in Monero fairly frequently. For a while, it used to be almost every 6 months, although it's been less frequent in the past several years. When the fork occurs, everyone switches over to the new chain, so the "old" chains just die out immediately. It's a community-supported fork, so there's no contention like there was with ETH/ETC or BTC/BCH.

PepeDeCorozal

No. Just to be popular in this sub. Greyscale has ETFs in dozens of cryptos, including ETC, BAT, ETH, and many more. They are also leading the charge on bitcoin ETF's, which everyone here is cheering.

cheapnessltd

It's an instrument. (Exchange traded found) They are creating an Exchange traded found to buy BTC in the stock exchange like AAPL, META, ETC... And they are creating this instrument because they have clients who want to gain exposure to BTC... Then the instrument start to run, the inflows comes and number go up.

_BreakingGood_

it seems to have a very strong trend recently: https://imgur.com/a/ETC21n6

Ayece_

Artificial hype, it will go down now there are two confirmations of BR's ETC listing being removed, give it a while and the price will drop. Glad I've been ahead of this news and sold the moment the news came in. Will buy again once the price is lower and more flat.

Existing_Web_1300

Halving is in April I think and we will get a decision in January is my belief. The ARK ETC final deadline is early Jan. If that doesn’t get approved then we will see some struggles because they all more or less follow the same guidelines at this point.

Virtual_Let5559

If your going to be sarcastic with someone at least use ETF correctly not ETC

BuffaloInternal1317

Bro over here must have the hottest insider news on the block. Damn btc ETC, who wouldve thought about that.

The-Alcoholic-Seal

Just done that. You gonna keep yours or converted into BTC, ETC or something else?

0xSnib

Slight important point to note, in that as it was a fork, the state was the same across both chains If you held ETH, after the fork everyone had ETH _and_ ETC

dead-spiral

I've mint XMR, BTC Gold and ETC.

timbulance

Sell signal was older co workers being hyped they bought ETH and me telling them no you purchased ETC.

Kindly-Wolf6919

With what happened today I highly doubt it lol. Even if the ETC does get approved today everyone will doubt it.

Popular_District9072

Ripple lost a key executive, and reportedly launched a search for a replacement. Gemini undertook the most high-profile hire this week, appointing an executive to lead its Indian subsidiary. Stablecoin operator Tether named Paolo Ardoino as its CEO, with an official start date expected in December. ETC Group, a crypto ETP provider, hired Chanchal Samadder as head of product. Former Galaxy executive and Deus X Capita CEOl Tim Grant will join the board of directors at Hilbert Group. Chris Tyrer, former head of Europe at Fidelity Digital Assets, joined the board for digital asset compliance platform Asset Reality.

arthur_fissure

the idea of the approval of ETF is probably priced in i think, so a part of people are buying currently in the hope of an ETF, but the inflow that will come if the ETF is approved, as the AM will have to buy BTC for their ETC, is not technically priced in

Soil_Electronic

Was ETC I had no idea what I was doing and it looked cheap this was early 2021

maskedbrush

yeah but BTC mining is impossible without ASIC hardware, ETC is better with a GPU

Kessaveli

BTC ETC’s, Supply Shocks, and FOMO?

Jako_RJB

Diamonds hands is definitely better long term than paper hands. I am an avid ETC and BTC HODLER and still not planning on selling very soon. Maybe in 5 years

__m__a__t__t__

There aren’t that many PoW smart contract platforms, CKB is unique in this regard. Regarding others, there’s ETC, Kadena, Ergo and Alephium. CKB definitely has the most powerful virtual machine out of all of these. CKB has true account abstraction, you can use a variety of wallets with CKB and we’ll see all sorts of solutions built with this capability in time. All of this is because CKB uses a RISC-V computing instruction set, which allows it to run a wide variety of compiled code, just like an actual computer. We’ll see light clients enabled on CKB in a few weeks, meaning everyone can connect directly to the network. CKB nodes are feasible to run on pretty much any consumer hardware. CKB also has unique tokenomics. This is because CKB is required to store data on-chain. 1 CKB = 1 byte. Owners of CKB can benefit from increased adoption, because that will increase demand to store data on-chain. More about the tokenomics is covered here https://www.nervos.org/knowledge-base/tokenomics\_of\_nervos\_network CKB also implements “NC-Max” which is a responsive consensus algorithm. While other chains hard-code block times, CKB block times respond to network conditions. This will be useful in the future, when internet bandwidth increases and it becomes feasible to increase the amount of data transmitted through the network.

mochi_ball223

Stuck to BTC/ETC and ignored altcoins. Sold during the bull in 2021 and bought back when BTC was 16K.

Aakarsh_K

After all what's said & done, BTC is the only green think in my portfolio. Even ETC is is red. I've been DCAing since since June 2021. It's giving me a strong urge to become a BTC maxi. Tell me why I shouldn't?

Guilty_Fisherman5168

ETC is ESV in that universe

mediabydave

I made a little off of ETC, I put about 5k into it and it tanked and has steadily tanked. I was up 3k+ now Im down -4k...was in it for a long run, figured give it a few years..its only been 1 year and Im like ouchhhh!

RayesFrost

It was funny when retail investors thought as if they were getting into ETH dirt cheap again by getting into ETC and ETC rallied 🤣

Dazzling_Marzipan474

Yes, that's how ETH got started when the DAO got hacked and they forked it. Then there was ETH and ETC. Either the VC's lost money or they forked it, obviously we all know the outcome.

thejuicesdidthis

Instruction unclear: maxed out my credit card and remortgaged my house to buy BTC and ETC

DMugre

>bug in the EVM This already happened though. Remember ETC? Yeah.

Blooberino

BCH and ETC, the cheaper alternatives to BTC and ETH!

KingCasper111

I recently started and was very much tempted to stake Polka and Cosmos with its really high APY rates, but then found out how much value they are losing and how inflationary they are. Probably gonna stick with BTC and ETC

Qwahzi

A couple of points - you're assuming that there are no rewards or consequences, but both of those assumptions are wrong: 1. Nano has incentives for good behavior - the network itself is the incentive (0 fee, permission-less, money). Just like HTTP, SMTP, TCP/IP, and even Bitcoin full nodes, none of which pay people fees at the protocol-level. The largest entities are the least likely to attack, since they make or save money from using the network 2. Nano uses ORV, which is very different from PoS, with different game theory (more details [here](https://docs.nano.org/protocol-design/orv-consensus/#open-representative-voting-orv-vs-proof-of-stake-pos)). There is no leader selection, block producers, fee rewards, or block rewards. You get no special privileges for being a consensus participant (representative), so there's no reason to do so unless you want to use the network itself. This also means that decentralization is incentivized - there's no benefit to having massive representatives, only downsides (increased attack/censorship risk), and that's why Nano keeps getting more decentralized over time (opposite of Bitcoin) 3. There ARE consequences for bad behavior in Nano. For censorship, the bad attackers can easily end up forking themselves out and losing access to wallets, users, services, etc, when the quorum thresholds and/or voting weight gets adjusted (due to the block-lattice data structure combined with block cementing). For double spend attempts, the attackers would just get forked out, also losing the wallets, users, services, etc, and destroying the value of their double spent version 4. We have seen multiple examples of old/dead PoW coins getting double spent (ETC, BTG, VTC, etc), and almost 0 examples of PoS coins getting double spent, *[even when the coin is almost dead](https://twitter.com/patrickluberus/status/1703752678839308573)* (no users/volume), **because** the game theory works* - the largest entities have the biggest incentive not to attack the network (they'd destroy the value of their holdings), AND no attacker is going to buy up the supply to attempt an attack 5. Nano is one of the [most decentralized networks](https://nanocharts.info/p/01/vote-weight-distribution) already, and keeps getting more decentralized with time, especially compared to [Bitcoin](https://btc.com/stats/pool)

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

Shiratori-3

And now my post got removed and given a weird label. *DUN DUN DUN* *I SHOULD WATCH OUT FOR VANS AT NIGHT AND ETC ETC ET....*

ajnsd619

Same reason ETC pumps with ETH. People see BTC's green candle, they're new to Crypto, and immediately run into issues. Is it BTC or BCH? Well that one says "cash" so it must be the right one.

iwishiremember

Will be interesting winter. Stacking BTC/ETC!

mpanning

lots happening with ETC yet most of you hate it or hold grudges. what would turn the page on this coin for you?

Fullback22x

It’s not, the software upgrades the nodes. This is backwards compatible and called a soft fork. When you need a hard fork it’s always going to have rule changes splitting the chain. ETC is no different ETH altered the rule set to roll back the chain. The longest chain still applies from the point of the fork onwards. Additionally, this is true with the merge as well. Beacon chain docked onto the end of the PoW chain. Which again, was completely different ruleset and ETHPoW appeared. If everyone would have stayed on PoW it would have remained ETH, but it didn’t. Forks happen and regardless of rule change the community decides what is “BTC” or what is “ETH”

-0-O-

> This isn’t how it works. It’s decided by the longest chain. Which if introduced especially in the scenario we are talking about, would be the chain that’s not having hardware companies trying to corner the hash-rate. This is a misconception, and was often referenced during the BCH fiasco, where BCH had manually lowered the difficulty and produced blocks faster than Bitcoin, therefore being the longer chain. "Longest chain" is only for consensus under the same rules for deciding what a *single* chain is. If there are two different forms of consensus, then there are two different chains by default, and "longest chain", is not a factor, as they are completely separate chains, not a single chain that has been split while trying to decide which solved blocks are valid- which is when longest chain becomes relevant. If there are multiple valid blocks under the same consensus, the blocks that have been built upon the furthest are what is valid. That is why we must wait for confirmations when depositing. > > It’s like the people who claim ETC is the “true” ETH. It forked and all the users, developers, foundation, and nodes all moved to ETH. People still mine it, but it’s ETH classic and not ETH. You can’t have your cake and eat it to. The longest chain wins and in this specific scenario it would be the forked algorithm that’s backed by the community and not the hardware manufactures. Again, it's a complete misconception that "longest chain" has anything to do with it once there is a consensus fork. The "real" ethereum was decided by a majority of hashrate accepting the EIP. If the contentious chain, ETC., had tweaked difficulty, they could have been the longest chain, but it wouldn't have made it Ethereum.

Fullback22x

> If 51% of the network does not participate in the change of algo, which is the assumption when the entire network has invested in SHA solving equipment, then any non-SHA chain that results is a contentious fork and is not Bitcoin. This isn’t how it works. It’s decided by the longest chain. Which if introduced especially in the scenario we are talking about, would be the chain that’s not having hardware companies trying to corner the hash-rate. It’s like the people who claim ETC is the “true” ETH. It forked and all the users, developers, foundation, and nodes all moved to ETH. People still mine it, but it’s ETH classic and not ETH. You can’t have your cake and eat it to. The longest chain wins and in this specific scenario it would be the forked algorithm that’s backed by the community and not the hardware manufactures. > Again, pretty negligible when talking about the difference between a $30 HD and a $80 HD There’s so much more that goes into it. Full nodes on ETH exist due to the data being available, yet compressed. This makes a huge difference in the speed of fetching said data. To run a equivalent node on BTC vs ETH it’s the difference of 7gb vs 1-2TB. Just the setup of GETH dwarfs a BTC full node. I’m not talking about lightweight nodes here. There is no reason to try and compare a raspberry pi on ETH vs one on BTC. You technically can run one for both. But should you? No the ARM processor is dog shit and exponentially slower at fetching data for a ETH light client than it is a BTC light client. So again. We are talking about adequate hardware for a full node. You are also leaving out scale. Even at only 3-5x the node requirements while negligible for the HDD(which I already explained how skimping on hardware is not an acceptable way to do this but it seems you are stuck on this point) at scale this difference is huge. In the event of an attack on node hardware it makes BTC 3-5x easier to defend and in the event of spreading it out across the globe where the price difference is huge in some countries it makes it 3-5x easier for BTC to do so. We are arguing semantics at this point but you get the gist. None of what we are arguing changes the fact that both BTC and ETH are sufficient. But if you want to argue which one is *more* sufficient it’s certainly BTC.

Sal_T_Nuts

Bitcoin can be hardforked as well what drugs are you all using by thinking the monetary policy cannot change in BTC. It happened before and can happen in the future. It’s in the power of the miners or validators and the people ‘behind’ ethereum or bitcoin can’t force shit if no one likes it. If everyone decides Bitcoin Cash is the norm for some reason then BTC dies. Because it’s a hardforked Bitcoin, yet people don’t like it. Same reason ETC exists. But don’t tell me BTC is hard money because it cannot be altered. BTC is literally designed to change and it’s up to the majority to decide.

NormalSecretary4505

Crypto mining these days is only profitable if you have sub 5¢/Kwh, straight up free power, or solar. Otherwise you’re taking on risk mining at a loss and waiting until prices rise enough to put you in profit. That being said I personally mine ~$5 a day on ETC, but I swap it over to ETH,BTC,& Moons.

Mr_Bob_Ferguson

> The words "impermanent loss" scares a lot of us And if you believe that moons may suddenly rocket up in price one day (and at a much faster pace than ETC), then it should scare you. Quite a few people seem to be downplaying impermanent loss lately.

philcsik

I am Mr. White Hat...now send me some ETC

Mudhutted

Are you talking BTC / BCH won’t come back big time? ETH / ETC big time or ICP big time? Relatively all have seen amazing returns depending on your entry point. RIP FTX and FTT investors. Point being crypto is here to stay and layer ones more so. Actual use.

Zippyvinman

It is backed by the belief that it will always be backed by a non-corrupt source. Here is why: 1) gold, like BTC, is considered a commodity. It stores it’s value well and is backed by the knowledge that there will always be people wanting to buy it. 2) the network and miners have to abide by certain rules for transactions on the network. The transactions must abide by the rules (such as transactions must be signed by the private key of the asset holder). 3) along side #2, even in the event that a hostile takeover via 51% attack, the public ledger is still public, and the network would fork to the last point/state during which no fraudulent transactions were executed. Any fraudulent transactions that were signed without a private key are not allowed, meaning, it’s impossible for a 51% to spend your assets for you, as long as the attack is so big that the network agrees to fork before the point of the attack (see ETC/ETH2 - DAO hack). This means that as long as your recovery phrase is kept private, your funds are safe.