Let’s dive into the world of Ethereum, The DAO and the birth of Ether classic
I'm very curious to see how you all feel about the Ethereum hard fork.
Were you invested in the DAO?
Did you lose money?
Could you see how the attacker found a flaw and took advantage of it?
Some say that attacks make the system stronger in the end by identifying it's weaknesses.
Did this hard fork strengthen Ether?
Or did you lose respect for Vitalik Buterin and his team after they essentially choose a bail out?
Which will prove successful ETH or ETC?
Longterm ETH will win out big time since its where all the development (DAPPS) is at and POS vs. POW. Is good to see the Bitcoin Maximalist have there own version of Ethereum b/c these are the same ones causing the parallelizing divide in Bitcoin blocksize and the suicidal censorship of r/ bitcoin. That's the beauty of Crypto! No blood need to be shed. If they think they have better way then FORK IT! Best of luck to them!
I think it is an interesting strategy to keep both coins.
When I received ETC i dumped them right away, because I did believe that one ecosystem would had to win over the other.
It is interesting to see that his has not happened and in fact two chains are existing in parallel, proving that my thoughts were wrong. At least in the short term. I believe what I forgot to include in my logic, was political will, which can keep many things illogical alive.
I am still not ready to buy ETC but am staying with ETH so far.
I have no idea, sticking with BTC, Dash and Steem.
Good Post good Question......never now that.Interesting Post @heiditravels.Greets
Great video @heiditravels! I really like the way you keep it easy to understand and keep things in layman terms for new crypto users to understand! Looking forward to watching more of these!
Hi Heidi,
yes, I invested into DAO. Lost one third, because I sold to early after the DAO hack. Shit happens.
BR,
twinner
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I think it's important to point out that the flaw was in the DAOs' code and not the Ethereum network protocol. Smart contracts with bad code can and will be exploited but it doesn't mean the underlying network is insecure. The Ethereum Foundation is often critisized for hardforking after the DAO but the truth is it's an open source project and anyone can fork it for any reason. There are private forks that enterprises are running, and some people deciding to keep the original chain going is completely legitimate as well. I think long term Ethereum will be wildly successful because of the massive amount of developers and capital being poured into it. The use cases far exceed anything bitcoin can offer although I think bitcoin will still be important for quite some time as a store of value.