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RE: Understanding the Inception of Ethereum Classic

If you didn’t already know by now, Ethereum Classic exists because a group of people believed strongly in upholding the values of an immutable blockchain, one that cannot be manipulated.

Yeah, this really is not the case. The ETC community broke immutability a long time ago. ETC and the corresponding monetary policy (coin emission) was designed entirely for Barry Silbert to get regulatory approval for his ETF and to look appealing to speculative investors. Not quite the freedom story they want you to believ​e.

https://steemit.com/ethereum/@kyle.anderson/more-money-for-the-early-visionaries-why-the-eth-chain-is-so-successful-revisiting-why-consensus

I left out an important point regarding the code is law arguments made by Ethereum Classic supporters. Ethereum Classic broke their stance on immutability at the very beginning. They certainly don't market any of these changes. They have changed their transaction execution rules to mitigate DoS attacks. This change altered the execution of several Ether containing contracts. Barry Silbert rallied the community around the need to finalize a "monetary policy" - so his investment fund could be considered. They also had the difficulty bomb to deal with. ETC is not the "code is law" they claim. - no blockchain can be.

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