Post
Topic
Board Altcoin Discussion
Re: ETC on Polo
by
iCEBREAKER
on 26/07/2016, 23:42:57 UTC
ETC is gaining serious traction. It makes sense to hold some of it
ETC is open to double spend replay attacks and is barely mined so is highly unsupported and insecure. It's also about to suffer a serious 51% attack. Gud luck with that coinage.

And this is supposed to endear the community to ETH investors how exactly? The fact they can roll back the clock in pursuit of their precious investments and then blow the opposition out of the water at will?

Good luck putting that on a flyer. It's over.

Well said.

If Chancellor Butarin passively excludes or actively supports attacks on ETC, expect a mutiny within Team Vitalik as his devs either defect to Team ETC or (as is the actual case so far) pledge to support both branches and let users decide.

The investment case for ETH is weaker than for ETC:

Quote
What I realized so far is that a blockchain without a well-defined social contract will sooner or later face serious problems. At this moment, interestingly, the old "classic" chain is the one that already has a better contract. It’s the one that hasn’t been changed, but splitting off the majority of its value into a new chain changed its implied contract.

We can assume that whoever finds the old chain valuable believes that unintended contract behavior is no reason to fork. That chain will never face another crisis because of a similar event. On the other hand, ether holders of the new chain might still disagree if this fork was a precedent for all similar cases or just a one-time disaster fix that shouldn’t happen ever again.

-Zsolt Felföldi is an ethereum developer working on the Go implementation of the ethereum protocol, sometimes called Geth.

http://www.coindesk.com/tale-two-chains-ethereum/