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The only question that remains is are splits good? Its still too early to tell. ... But again, we do not yet know what kind of ripples will propagate from this fracture, and it could end up being too divisive and harmful.
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Two men enter, one man leaves.Ultimately, this is a crypto war that mandates that only one chain survives.
The longer it takes to get to a single chain, the higher chance both chains are destroyed.
Nothing good will come from this except the data for future use.
If you take a look at
http://coinmarketcap.com/all/views/all/, you'll see that there isn't just one chain, there are 737 chains (that we know of).
Ethereum Official and Ethereum Classic are now, conceptually, no less different than Bitcoin and Litecoin - the fact they have a shared history is irrelevant. Each can take its own path and succeed independently.
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I was not referring to all cryptocurrency chains, I was talking about ETH/ETC split chain.
No one would dispute that altcoins have origins from other coins, but I think it is incorrect to
say that Litecoin and Bitcoin are a split chain, comparable to this Ethereum situation.
Litecoin started their own genesis block and mining, separate from Bitcoin (though the code is a fork).
Altcoins do not normally attack other altcoin chains because most do not take profits from the others,
but ETC (or ETH if ETC takes over somehow) is a parasitic offshoot split from the other, that is still alive.
Of course, each ETH/ETC chain can take its own path and succeed independently, but that assumes there
are not outside or inside parties who are currently at war, attempting to overtake or destroy the other chain.
Can you provide me any names of two coins that resulted from the same chain, but hardforked
into two, where both coins are profitable and currently still in existence today?
As a side note: I have heard a rumor that Bitfinex was hacked for adding ETC for trading.
I don't know if that is true and time will tell, but if true, that is evidence that there is a war from this and
users and money are being hurt. And technically Bitcoin has been hurt by ETH/ETC, if the Bitfinex rumor is true.
If parasitic split chains continue, IMO the war will continue and gets worse as time goes on.