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Too many things going on here: a. Are you aware of the Ethereum DAO hack? The whole Ethereum vs Ethereum classic. Short story - The largest ethereum contracts
by thisisit 9y ago
Too many things going on here:
a. Are you aware of the Ethereum DAO hack? The whole Ethereum vs Ethereum classic. Short story - The largest ethereum contracts was hacked and money stolen. Then a patch was released saying that the hack didn't happen.
People who accepted the patch were "ethereum" holders and those who refused are now on "ethereum classic".
So, changing the rules in a patch doesn't matter. If there are enough people helping user x and the currency is still accepted it can be called 'currency classic/cash'.
b. There is a lot of confusion on whether cheating n blockchain somehow requires a patch or 51% support. It doesn't. 25% is enough to try and cheat within the rules. Read:
https://steemit.com/ethereum/@dhumphrey/update-f2pool-manipulates-usd1-2-million-on-the-ethereum-blockchain-during-the-status-im-ico https://steemit.com/ethereum/@dhumphrey/update-f2pool-manipu...
- dukeflukem 9y agoPeople who accepted the patch were "ethereum" holders and those who refused are now on "ethereum classic". Except almost all hold both ETC and ETH regardless of the viewpoint and client they run.