• Ethereum's Two Ethereums Explained
    4 replies, posted
[quote]What started as an attempt to rescue investor funds in a high-profile project has resulted in a schism that has effectively split the community on the second-largest public blockchain. The split is not only psychological. Thanks to the design of public blockchain systems, it is also technical, with competing visions manifesting in two very real blockchains, or versions of the project’s transaction history. As of this weekend, there are now two groups working on two competing versions of a project called ethereum, a blockchain-based platform designed to enable decentralized application development.[/quote] [quote]Both offer the same technology platforms, and according to developers, they're in agreement on a formal roadmap for steps forward. But, the small differences have created two markets, both with a combined value of roughly $1.2bn[/quote] source: [url]http://www.coindesk.com/ethereum-classic-explained-blockchain/[/url] TL;DR basically a hitherto unknown attacker manipulated the world's largest decentralized autonomous organization or DAO and the fallout amounts in the billions; you have the people who are code purists and do not agree with changing any amount of code to prevent a massive theft and then you have those that wish to fix what was a coding error. TL;DR simplified: the price of a "coding error" is now sitting at something like 1 billion USD. TL;DR Boogaloo: if the turbonerds arguing about bitcoins future can't come to a consensus they'll probably end up heavily affecting something like 10-20 billion USD. Why is this important at all? It is the 21st century equivalent of the "letter of the law vs spirit of the law".
That Ethereum hard fork situation is a mess, I don't know why people want old Ethereum.
[QUOTE=Fourier;50794379]That Ethereum hard fork situation is a mess, I don't know why people want old Ethereum.[/QUOTE] I bought about $1500 USD worth of it cos there are a lot of super wealthy, smart and legit-turbonerds in the cryptocurrency space who are backing it. [media]https://twitter.com/DiginomicsNews/status/758834479318261761[/media] [media]https://twitter.com/barrysilbert/status/758630405931200512[/media] [media]https://twitter.com/barrysilbert/status/758394374216638465[/media] so when someone like that starts talking about it and moving 5% of their bitcoins into the first non-bitcoin currency they've ever invested in you can make holla holla get dolla also the trade volume is currently double that of Ethereum's, its the 6th largest cryptocurrency by value
Agreed, it was opportunity. But main devs will continue to develop for HF version, so why bother?
[QUOTE=Fourier;50794422]Agreed, it was opportunity. But main devs will continue to develop for HF version, so why bother?[/QUOTE] There is literally no incentive to [b]not[/b] be involved if you already own ethereum, I mean you basically have your coins on both chains/versions. Personally I owned Ethereum way back and sold at a significant loss, I bought into another project and made a significant gain (basically I could've made a few thousand USD profit off of Ethereum if I had held, instead I made a fuckton more). But seeing the backing that ETH-classic is getting has me interested and I don't like to stay bound to the same ideas day after day so I'm investing some profits to diversify my imaginary internet monies [editline]29th July 2016[/editline] bingo time: BTC-e has allegedly/supposedly/rumored to have become insolvent due to the hardfork [media]https://twitter.com/petertoddbtc/status/758847731548893188[/media] [url]https://www.reddit.com/r/EthereumClassic/comments/4v2d6j/btce_dear_clients_btces_official_standpoint_on/d5v2f3t[/url] So basically a Russian-based bitcoin exchange that handles around 2.5% of the bitcoin economy is fucked. Top kek
Sorry, you need to Log In to post a reply to this thread.