Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
Fargusson
on 20/07/2017, 17:11:00 UTC

But not like this. Why the hell would people want a tokenized fiat? It makes no sense.

Why not just use the established cryptocurrencies for day to day payments...

Price stability??

You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years...

No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price.

IMHO some governments are thinking about tokenizing fiat especially in Asia because it's a way to make cashless transactions without having to trust a third party like Paypal or WeChat in China.

But it's certainly not for price stability yet as even the big cryptocurrencies are still very (VERY) volatile.


So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?

I don't think they will fork this time, that will cause too much chaos, too much time has passed since the fiasco.

It didnt happened on the ETC chain because the ETC chain is no longer ETH, it doesn't have the same ICO's as ETH does, so ETC is a separate entity and has nothing to do with ETH anymore.

If your question was about whether or not an hard fork happening on the ETH blockchain should happen on the ETC blockchain, profitgenerator212 made a good point underlining that they are two different entities by know.

If your question was about why the stealth of 20 M$ worth happened on ETH and not on ETC, the answer is, IMHO, that the ETC blockchain isn't as valuable as ETH's (because of its marketcap but also because of some other points which were discussed 1 or 2 pages ago on this thread). This make ETH much more interesting to steal.
Plus Parity exists only for ETH, not for ETC.

EDIT: an interesting point of view of Emin Gür Sirer on the Parity bug and more generally the fault in both Bitcoin's and Ethereum's app and a way to limit the risks of such faults by implementing a default-private option in Solidity.