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RE: More money for the early visionaries: why the ETH chain is so successful? - revisiting Why Consensus

in #ethereum8 years ago

The Barry Silbert-owned exchange Poloniex became the first exchange to allow trade of the old chain coin under the ticker ETC.

Wow, didn't know this. Anyway, still holding onto ETC. Outside of politics and money interest, it's quite hard to argue about whether or not ETC should exist as long as market still shows there's demand. If it falls way too much, then we'd know it's not so much a principled establishment after all, assuming the big shots own most of the coins

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as long as market still shows there's demand.

But if Polo hadn't listed ETC, would there be demand? It's a tricky problem, and I've always held the view that Polo effectively created ETC when they listed it. If it hadn't been available for trade on exchanges, it seems likely enough that it would have just died.

I agree!

I believe they added ETC to the exchange on a Saturday night when most of the people in Europe and the US were sleeping.

I remember waking up to this on a Sunday morning. Sold all of my ETC and converted to ETH.

No regrets there!