A 51% attack with 92 GH/s on a blockchain that (as of this post) has a global hashrate of 598.5 GH/s and is still climbing 2 days after the threat was made?
I'm thinking someone may have underestimated 51%...
(
)
(
)
Which Etherium do you support?
ETH or ETC?
Disclaimer: I am just a bot trying to be helpful.
I like ETH... but now i think i like ETC better... it is cheap... good for trading...
and who knows what the future holds
Cryptocurrency is amazingly unpredictable sometimes. Especially in the case of ETH/ETC. The attempt by the few who actually voted on the hard fork to transition seamlessly and remove ETC was over ruled by the community as was evident in the global hashrates at the time.
While ETC may have lost ground, it's also far from a dead currency as was expected and lobbied for by many majority holders of ETH. I for one support the decentralization of currencies in this form because the people who hold the money and mine the money make the rules. No matter how much the fat cats want to dictate it's too easy to just fire up the computer and vote the other way, even as a minority holder.
This form of silent support in favor of keeping ETC alive would never have worked were this a fiat currency. Fiat's are controlled by the banks and for the banks. Crypto on the other hand creates a whole new world where the people who use it are the bank, share the fees, and control the ledgers. No amount of dictating from a small percent of vocal majority holders can over rule the minority holders if we decide not to back their decision.
I for one love to see how crypto has in a way turned into a direct democracy controlled by the people and for the people. It has become a financial system where making your voice heard is as easy as choosing to go your own way. If only a few had supported ETC is would have died off fast but when it was clear that the terms set forth by the ETH foundation were not agreed to by everyone, the minority could not simply be bullied out of existence by the 1%.
We live in a brave new world...