Why is Coinbase adding etc?

in etc •  4 months ago

Coinbase is adding etc. Why etc?

Competition

It’s actually traded on a number of fiat exchanges including circle perhaps Coinbase’s major future threat. Zcash is also traded there.

Previous Fork

They seem partial to previous forks like btc. This makes it easier to add and might allow them to pay off Coinbase holders who were entitled tot he fork.

Publicly traded

Etc is one of two currencies that have a traded trust. Obviously a trust with a large premium might make some people seek out the Coinbase version for arbitrage. Dash has a trust in Canada and a zcash trust would be eligible to list by the digits currency group in sept.

security status

Eth seems like it is too big to be called a security or the sec would have moved by now. Etc is in by association with Eth. Other coins without icos like xmr dash would seem to have a good shot.

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ETC is based on exploitation.
Why would people want to pay to abusers and reward their abuse by doing so?
It should be unlisted everywhere.

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Why exploitation?
Immutability and mining vs staking are two good considerations vs Eth.

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Do you know why the fork of ETH from ETC happened?
Yes, it was meant to cancel immutability, but do you know why?
Because of exploitation.
After I saw your join date I assume less that you are unaware of what happened.
How do you describe the reason for the fork in your own words?

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I don’t think you should get a bailout for bad code. That’s what crypto is supposed to be against. I am sympathetic to the argument that it was an early version. I am glad they didn’t bail out parity. If a small group can change history where are we today? Whatever the reason for the fork, I think it’s an interesting coin today with iohk support, mining vs staking and lower fees. I am not sure staking is he right direction for eth and am glad to have competition.

I generally support differentiated forks.

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I don’t think you should get a bailout for bad code.

The people that lost their money, or their relative share were not guilty of the code, and you probably know it, so why do you present it this way?

That’s what crypto is supposed to be against.

Now I know.
"crypto" is for riding badly coded currencies.

I am sympathetic to the argument that it was an early version. I am glad they didn’t bail out parity.

?

If a small group can change history where are we today?

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Whatever the reason for the fork, I think it’s an interesting coin today with iohk support, mining vs staking and lower fees.

To buy it means to pay to scammers and to people whom mostly knowingly paid to scammers.

I am not sure staking is he right direction for eth and am glad to have competition.

This is not what my argument is about.

I generally support differentiated forks.

?

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The people that lost their money, or their relative share were not guilty of the code, and you probably know it, so why do you present it this way?

They actually were guilty of putting money they couldn’t lose in an untested virtual computer. I have no sympathy for them. People should take responsibility for thier mistakes. In any case they got their fork with the do over. Why would you begrudge the dissenters from keeping a no do over version Of the code? This precedent that you can fork to avoid an unpopular outcome is horrible. Once something is in the blockchain that should be the end of it. Did bitcoin fork to undo my gox?

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They actually were guilty of putting money they couldn’t lose in an untested virtual computer. I have no sympathy for them. People should take responsibility for thier mistakes. In any case they got their fork with the do over. Why would you begrudge the dissenters from keeping a no do over version Of the code? This precedent that you can fork to avoid an unpopular outcome is horrible. Once something is in the blockchain that should be the end of it. Did bitcoin fork to undo my gox?

Good idea. They should have.
Despite the difference between the cases, that you know as much as I do.
As for the rest,
If you are aware of what happened and think it should not be "begrudge"d, I think you are too grown for me to educate or preach to, so keep buying from scammers.

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ETC is long over due on Coinbase! Good hodl coin for long term

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The owner of Coinbase owns a lot of ETC.