Etherium (ETH) vs Etherium Classic (ETC)steemCreated with Sketch.

in #bitcoin7 years ago

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It has been brought to my attention that although ETH currently is holding alot of attentionand value, it is also open to a number of risks which ETC is not open to. One of these is the risk of legal action being taken against ETH by the SEC or a similar entity. IF this were to happen, no matter which way the suit went, it would turn people away from ETH, especially if there was a viable substitute which almost identical functionality. This makes me believe that the effect of legal action against ETH would be a surge in the value and use of ETC. Of course, this is all speculation.

Nevertheless these thoughts made me want to examine the real differeences between the two coins and how the split happneed. On ETC's website there is a timeline that shows it all very clearly. I have clipped it and posted it below along with ETC's website where it is found.

This post encompasses a timeline taken from ETC website which i found incredibly useful:
https://ethereumclassic.github.io/

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You could, at least, write the name correctly

Would just say that on the idea of an SEC lawsuit. Ethereum (ETH) is established in Switzerland. They specifically created their foundation there to avoid the SEC... so before I would accept the premise that the SEC has grounds to go after the Ethereum foundation, we would have to explain how this can be done through legal maneuvers. It's not a US security, AFAK, it was not specifically marketed to US investors as a US security... I think the risk of the SEC going after their foundation is almost nil.

Have you listened to tone vays cryptoscam?
It sounds like they did sell securities in the us by the definition used. They might win in the end but the govt still might try to bring a case

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