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> It's astounding, considering both chains are basically the same system They aren't at all. Immutable smart contracts are the basis of ETC and not ETH. It's o
by devishard 10y ago
> It's astounding, considering both chains are basically the same system
They aren't at all. Immutable smart contracts are the basis of ETC and not ETH. It's only one difference, but it's a difference as fundamental as the difference between gold and dollars.
ETH is now a centralized currency. I have trouble seeing any purpose to using ETH now that it's centralized, given that existing centralized money/contract systems are much more mature. But given both ETH and ETC are too buggy for me to use, I've no skin in the game, so I'm happy to wait and see if some benefit to a centralized cryptocurrency emerges that I wasn't aware of.
- jessaustin 10y agoDoesn't this episode illustrate that ETC could go the way of ETH, whenever the miners decide? ETH was always ETH, it just took a while for people to realize it.
- devishard 10y agoMathematically yes, there's nothing preventing ETC from doing the same thing. But ideologically, the lines have been drawn. At least for the time being, I think it's a safe bet that people who aren't committed to decentralization will just go with ETH instead of investing in ETC and voting for future forks. Again though, I think the design of both cryptocurrencies is prohibitively error-prone, so it's kind of a moot point.
- imron 10y agoNo, ETC will still be ETC, new forks will just get new monikers. I'm holding out for ET-TNG.