RE: ETH vs. ETC - What matters is the future.

[diego24]

I am not an expert on the matter. But I wonder how you know this ? I read several articles that gave me the feeling there are people working on ETC with a lot of seriousness. Do you have a boll of glass that told you this, or are you just talking from what you wish that will happen ?

I am not saying that ECT will become important or crash. But you state it like this is a given certainty. And I tend to disagree with your view. Some people now just got the old ETH for free. They would be stupid to throw away such an opportunity by messing this one up.

Comments

[sandwich]

Vitalik is not the sole dictator of the blockchain, and that's the only reputable citation in this post. In fact, if anything, this post only gives Ethereum Classic more merit.

Here, from Ethereum developer Zsolt Felföldi about immutability

...By the way I had a false assumption about it too, it was a shocking experience for me to find out that some people inside the foundation actually support the idea of intervention. I thought we all agree that there should be no higher “justice” than the result of EVM execution and the “stolen” money is the rightful property of the “thief” and we should be proud of creating a system that can protect his/her property even amidst public outrage.

He had some insights on social contracts as well

At this moment, interestingly, the** old “classic” chain is the one that already has a better human consensus** about this question. It’s the one that hasn’t been changed, but splitting off the majority of its value into a new chain changed its implied social contract.

And then he wraps it up by basically negating the assumptions made in this steemit article

P.S. it’s nice to see that the guys behind https://ethereumclassic.github.io/ stand behind keeping the old chain alive, but let’s make it clear that we (the Ethereum developers) have never abandoned it. We never forked the chain. We have implemented a switch in our client to give users a choice to fork if they want to and that’s all. The “Ethereum Classic” chain is just as much our child as the forked one and if both of them survive (which is the users’ choice, not ours), then I intend to take care of them equally in the future too.

https://medium.com/@zsfelfoldi/a-tale-of-two-chains-3f6d58a9df4a#.me6ocgc05

Aside: I don't care either way, but there's so much FUD propaganda against Ethereum Classic someone has to provide balance

[diego24]

Interesting. This is the same kind of things I was reading about Ethereum Classic. This is why I am not convinced by this article. It might be worth 1 million $, but I don't care ... it looks more like the typical cryptocommunity whishful thinking where everyone wants their own coin to be worth a few millions and at the same time is rooting for all other coins to crash to 0 $. I never got this mentality. Why do people want others to fail ? Isn't it enough if you just obtain your own goals ?

[sandwich]

Agreed. It's easy to pick out the weaklings. When it comes to trading, listen to the indicators and sometimes your gut, but when it comes to philosophy, listen to your heart.

[alanc]

Yeah, this is a poorly supported opinion piece. For it to have credibility, it would need to actually address the arguments made by ETC supporters, instead of just calling ETC DOA. I personally think ETH and ETC can only go so far because of scaling issues. The blockchain is already 19gb and it's really slow.

[diego24]

So explain me about the blockchain. I am not an expert on the matter. What do you mean with slow ? Slow transactions ?

What I basically would want to know is whether a large blockchain slows downs the transactions and why ? Is a large blockchain bad for the number of transactions one can do ? And why do I hear that bigger blocks allow faster transactions; you still need to process the same amount of data, don't you ?