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So I woke up this morning to a bit of a surprise… A new, not so new crypto currency and suddenly I own it….. Gee thanks……..? Tada!!! 100 ETC??? Woah where did that come from?So I read on Poloniex that they are magically mirroring everyone's ETH balances into a matching ETC balance……
Wait, What!? I get free crypto? That's about $100 Dollars worth of coin(as of this morning) ,for free…. Thank you Polo….?
Last night Polo tweeted this: Poloniex Exchange @PoloniexETC/BTC and ETC/ETH #Ethereum Classic markets added. https://poloniex.com/exchange#btc_etc …12:23 AM - 24 Jul 2016
ETC or Ethereum Classic is what remains of the old Ethereum network after the #hard-fork. And Ethereum foundation wants #ETC to wither away and die somewhere. So they abandoned it and have moved on with a new shinier version with their boy genius on the front of the box. But something with the word Classic in its name is hard to forget… “Ethereum Classic” who named it that? Marketing Genius!!!!
Polonex’s decision to host this coin is not without controversy.... Many feel like this is a dumb move because the coin is unstable. it can be easily attacked, double-double spent and hashpower on the chain is low. An attack may render it inoperable. And attacks are imminent and inevitable….Miners are pissed off too. Chandler Guo, a well-known figure in the Chinese crypto community. Is on social media rallying miners to join him in a 51% attack.. ETC’s fate may already be sealed…. “Gulp”
Now it’s been said that Bittrex is also jumping on board or might have already, (I haven’t checked). Also, Gav Would, a well know dev in the Etheum community tweeted this:
"Gav Would @gavofyork Upcoming #parity #ethereum classic client... "
https://github.com/ethcore/prism
Does that mean that He too Supports ETH classic??? This is getting hairy….....
This feels like a big divorce case and were the kids caught in the middle being told to choose a parent, I dont want #ETC to go away. I like the Idea of an immutable, censorship resistant, decentralized ledger that can’t be fucked with and that can’t be stopped or rewound to bailout stupid people’s choices. This is why I admire ETH Classic’s Ideology…
“Ideology
We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone. “https://ethereumclassic.github.io/
This is the very reason I was sold on Ethereum from the very beginning. Its what I loved about it…Now more and more I'm beginning to see that Ethereum is being manipulated by special interests. Vitalik is just a poster boy for mass appeal. It's not really decentralized like they claim. #ETH has Greedy political fingers with secret agendas all over it, and #ETC well let's just hope it survives….
So I'm not selling,..... I’m willing to risk That .1 BTC worth of ETC.. Who knows it may stick around and 1 day be what Ethereum was meant to be… And with a name Like ETH Classic, it sounds cool already.... Like Coke Classic ….. I will support it……
B. Blockchain