Lessons from the Ethereum hard fork- Ethereum Classic stands for something and much more...
These last few days have been incredible in the altcoin space. Ethereum Classic has literally redefined what an altcoin is. This is after Steem rocked the altcoin world for most of July. In the two videos (see them below) that I made over the last two days I discuss the frantic developments that have rocked the Ethereum space and beyond. On Friday I was one of the first people out there talking about Ethereum Classic. I was able to get a hold of some cheap ETC when Poloniex suddenly listed it. It appears Bitfinex will list ETC at some point this week so stay tuned for another possible price surge.
There was a guy bragging about how he was going to DDOS ETH and there was some sort of DDOS going on for a while. The guy gave up on Twitter and since then the ETC hashrate and price have been going up. Last night ETC was around 80 cents and I told people why not GAMBLE $60 on it (when you gamble you are willing to lose it ALL). Well it turned out to be a good gamble so far. The price insanely surged to over $3 for a time and ETC was the $4 coin on coinmarketcap!
Some people say this feels like when Bitcoin was just starting off- surging and gaining interest. I think a lot of Bitcoin people are interested in ETC because of the respectable stand they took. ETC is reminding people that cryptos can be about principles. Excitement is in the air. I think people now fully understand that in a free market one action will have consequences, sometimes these results are huge and you need to be prepared. The fork has brought about the birth of a new coin and has shown that forks for a contract gone wrong are not clean cut events and should be avoided if you want to keep your community united around one coin. Sometimes secession is very necessary though as ETC is showing. This is way beyond an "experiment" now. In a month where the Bitcoin Halving was expected to dominate the news we have seen the Ethereum hardfork become the cryptocurrency story of the year (so far).
Talk of wars and scams does not not help the larger cryptocurrency ecosystem. It is perfectly fine for a person to own BTC, ETC, and ETH. I know I do (although the VAST majority of my holdings are in Bitcoin). I want them all to increase in value.