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RE: Ethereum Must Fork Again - Is this the End for ETH?

in #cryptocurrency8 years ago

This is completely wrong and misleading. Its ETC that has to fork if they want their chain to be safe from replay attacks. ETH doesn't have to do anything. Their have been some ETH supporters who have encouraged ETC that they need to be aware that ETC holders and ecosystem participants are at risk of sophisticated attacks and that it will be hard for people who lack technical sophistication and a great deal of caution to perform transactions on ETC that do not suffer from these risks.

To be clear, replay attacks are ONLY an issue for people using the ETC chain and for the ledger that exists on the ETC chain. Here is the security researcher who uncovered TheDAO's security flaw saying: Do Not Mess With ETH Classic, It Will F You Up . This is an ETC issue, they can fix it or not. We'll see what they do.

Not upvoting because your article confuses the issue and is full of inaccuracies.

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I'm sorry you feel that way. I am just reflecting current opinion and discussion. It is up to you what you up-vote and I wouldn't want you to up-vote something you didn't like that would be wrong.

There is much confusion over this so though I would disagree with you on your reasoning you may ultimately be right that it is more of a problem for ETC. Unfortunately the way that the chains divided means large ETH holders are also potentially large ETC holders.

I doubt they would be happy if their ETC just disappeared whether you consider it free money or not.

If it happens who gets the blame and who potentially ends up getting sued? Most likely it will be the ethereum foundation because those who support ETC will blame them creating the split in the first place. Since they have already pushed the argument that hard forks are fine they have painted themselves into a corner. Vitalik's attempts to sit on the fence and be agnostic have not helped.

I'd be interested to know the other "inaccuracies" though. I get the feeling that you are pro HF. That's fine but not everybody is. Without the HF this issue would not exist.

Crazy stuff. There is so much drama around the situation. If both chains survive I think one of them should rebrand so there isn't so much confusion on what is what.

@eeks Slept on it and have realised I probably did get it backwards - ETC is the one that will have to fork because of the way ETC is being credited to ETH holders on exchanges (not the other way round). Sods law - I can't correct it now!
Anyway if magically the ETC people reverse their stance and do HF we could end up with 3 different chains as some people will inevitably resist that HF too. The possibilities just get more and more crazy.

This stuff is making my head explode now!

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