Cryptocurrency investments #2 Ethereum Classic (ETC)

in #bitcoin7 years ago

ETC.png

Happy day to my followers and readers! Today I want to share my opinion about Ethereum Classic as investment opportunity.

As many of you know Ethereum Classic was born after The Dao attack occured in July of 2016. Many of you may ask why do we need two chains of Ethereum - the old one (ETC) and the new one (ETH)? How different they are? What are the ideology of both Ethereum projects? Should you invest?

What is Ethereum Classic (ETC)
Ethereum Classic is a decentralized platform that runs smart contracts. Applications (dapps) running on ETC network are censorship resistant, without any possibility of downtime or interference of third party. Ethereum classic is a continuation of original Ethereum blockchain without changes and external interference. It preserves transaction immutability and is free of subjective tampering of transactions.

Main features of Ethereum Classic: transaction Finality and decentralized Governance
Ideology of Ethereum Classic could be summarized as follows - Code is Law. The core proposition of any blockchain is immutability. It means that valid transactions can never be erased. Transaction on ETC blockchain are final and applications are unstoppable. The openness ideology and decentralization of ETC project are stated in a Crypto-Decentralist Manifesto:
https://ethereumclassic.github.io/blog/2016-07-11-manifesto/

Why it is wise to invest in Ethereum Classic?
As it is clear from a Crypto Decentralist Manifesto ETC is going into different direction in comparison with ETH. That direction sustains the main principle of initial Ethereum project - Code is Law. While it is pure ideology most of investors should look into development and team behind it before making investment decisions. While the price of Ethereum project tokens lead by Vitalik Buterin is going through the all time highs and new partnerships were announced, what we can expect from Ethereum Classic?
I will give you a 4 main reasons why Ethereum Classic tokens should find place in any crypto investment portfolio:

  1. Effective roadmap and full time working team of software engineers and professionals in software development.
  2. Usage and adoption of Ethereum Classic. Recently, it was stated that BitTicket Uses Ethereum Classic to Book Tickets on a Blockchain: https://www.cryptocoinsnews.com/bitticket-uses-ethereum-classic-to-book-tickets-on-a-blockchain/.
  3. Dapps. While we know Ethereum use cases and dapps in development it is not the same about Ethereum Classic. However, development of EMERALD SDK (An official desktop wallet, and a flexible SDK to build custom applications on top of Ethereum Classic blockchain) signals that ETC dev team is in favourable direction to attract first developers to build on ETC blockchain. When it happens the price of ETC will shoot up considerably.
  4. U.S. investment firm Grayscale Investments has launched $10 mln ethereum classic private fund: http://www.reuters.com/article/us-funds-grayscale-blockchain-idUSKBN17S2AZ.
    ETC2.png
    Private investment funds, such as Grayscale in cryptocurrency, helps to attract institutional investors or those who are not willing to own ETC tokens themselves but instead of that are buying shares:
    "The Ethereum Classic Investment Trust enables investors to gain exposure to the price movement of ETC through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ETC.". For more about it please check here: https://grayscale.co/ethereum-classic-investment-trust/.
    Grayscale Ethereum Classic Investment Trust is huge advantage for Ethereum Classic project and it gives us more courage to keep ETC tokens long term.

Passive income with ETC tokens
I strongly suggest to keepo ETC tokens safely (there are many places for this purpose. Please check ETC Wallets: https://ethereumclassic.github.io/). However, I recommend you to lend some of your ETC holdings on Bitfinex platform to get passive income.

Ethereum Classic mining
To get ETC tokens you shouldn't buy them on the exchanges. You can easily mine some via Genesis Mining platform or using Minergate.
Yes, you can mine ETC on Genesis mining just buying 2 Years Ether Mining contract. You can register on Genesis Mining by clicking this link: https://www.genesis-mining.com/a/667570. You can use my affiliate code to get 3% discount on your purchases. My affiliate code is: b14fPJ.
Minergate gives you opportunity to mine ETC directly with your PC power. Just register, download program and you're ready to mine: https://minergate.com/a/d0d8867269d29fe7d1a98837.

Gambling with Ethereum Classic:
If you like gambling may like to try EtcBets platform. It gives you opportunity to win ETC tokens:
https://www.etcbets.com

Please donate:

BTC: 16arVzWLvRvRTXr2DUK3U2m3nb6EE1M2CH

LTC: LW8gygmtAPjA2FMcN3Gg87Cg4vo2HWPHXv

ETH: 0xe56FbB1677903D58A761687393D111dB6761756E

ETC: 0xF5DbA5FEAc92148a6c29788011Bf5A3889fc879F

DASH: XxSaMoKjx34dkxtTwHjiuD82bPLv7PogWz

DOGE: DF5DrhiquRGzZirVzRz7qRsAoMy8sWAFW5

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