Let's think about ETC ( Ethereum Classic ) !!!!

in #etc7 years ago

Ethereumclassic.png

ETC doesn't quite fit into that mold for the copycat coins, being the original of the two.

The ETH vs ETC bantering I come across seems like good reading since interesting points are brought up.
They both seem to fit the same purpose though, except one you know has immutability, the other not.
Depending on the application/circumstances, each may have it's strong points.

Anyway...about the DAO hack.
It would be good to see that currency accounted for, one way or another, and I believe the uncertainty regarding this is holding ETC back.

I happened to be browsing these forums during a dump of about 8% of the total AUR (the stolen funds from Cryptsy),
It got gobbled up and seemed to help that currency's stability, now worth about 3x as much compared to before.

The stolen funds from UNO were accounted for in a different manner (auction).
Once again, about 8% of the total coins.
Uno picked up and is now maybe 20x after that happened.

The DAO hack was way less in proportion than the above examples.
Having those accounted for resulting in having uncertainties removed, might just be what ETC needs.
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ETC will be expensive too if there are many ICOs be made on ethereum classic network so never missed out this chance to makes large of money, ethereum classic is very cheap and it will be increasing value in the future because:

The top priorities for ETC

• Security
• Neutrality
• Decentralization
• Censorship Resistance
• Storage of Value

It is no longer an ETH vs ETC story. ETH is climbing with HUGE amounts of direct currency inflows from USD, CNY, KRW... Ethereum Classic still needs BTC/ETC trading for the most part. I believe it's best to invest in more than one and while ETC can climb in market cap easily, Ethereum should not be underestimated either. I recommend NOT picking sides. Bitcoin, Ethereum, Ethereum Classic are all good investments for long term appreciation. At the same time, if you are just joining the party, you have to average into them SLOW at this point, the world is sort of going insane for crypto and no one knows when major profit taking will hit.

I think a powerful move ETC could make is capping the supply at just 100k more ETC than currently released, rather than 300% dilution at 210 Million. Just literally stop new production with only 100k more and the value of existing ETC would skyrocket and it will give the world a sneak peak at what happens when supply runs out on a major market cap cryptocurrency.

If you agree the supply should be capped almost as it stands, please regurgitate this belief on the forums, to the core developers, to the miners, etc. ETC should be hard stopped now, let the DAO hacker dump out his investment (theft) however you want to look at it, let the currency mature from there.

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