Throughout the year, the cryptocurrency community is constantly discussing Ethereum. Since its meteoric rise in January, together with the innovative but unsuccessful experiment DAO, Ethereum is constantly present in the news stories.

And this trend in the near future promises to continue, as the recent implementation of hard forks in the network and the emergence of "protest" project Ethereum Classic saying about keeping the "original" of the blockchain, has raised a new storm of controversy. But now these discussions out of the theoretical and speculative channel and can cause even more serious turmoil than the collapse of the DAO and the subsequent hardwork Ethereum. 

 Stir with ETC on the stock exchanges 

 Cryptocurrency exchange BTC-e yesterday posted on its website information about what they are faced with serious problems with Ethereum Classic, despite the fact that this exchange was not introduced ETC and not trading. After negotiations with the management of the exchange Poloniex about the movement ETC, the administration of BTC-e sent out an urgent alert to its users: 

 "Dear customers!
Our position on Ethereum Classic is that in the current situation, it is a Scam. The community decided on the hard forks and the transition to a new chain. Did all the pools and exchanges, including us.
Notification from Poloniex that we need to protect the coins ETC that were on our wallet ETH, we got on the second day after you start trading. At the moment on our wallet ETH these coins have almost was not. They were sent by our users on Poloniex.
At the moment we get tickets to issue ETC, which are in the form of deposits ETH. We will not be able to do the above mentioned reason." 

 At the same time, Poloniex explains on its website is almost the same: 

 "We continue to receive requests from customers demanding the return ETC. which deposited in our purse ETH. We can't do it. Any person who believes that we sent coins to Poloniex to sell them, can check all transactions in the blockchain. All transactions are recorded and any person may easily trace the sender and sent the amount of coins." 

 According to CoinMarketCap.com, ETC is already trading at just over $1.6 USD, while the rate of Ethereum a little less than $ 13 USD. As we can see, as it happened "effective separation" of their total cost.
However, many users have been able to obtain from ETC an unexpected bonus, at the same time selling on the stock exchange as its ETH and negadanno "fallen from heaven" ETC, as this was enough to set the wallet ETC on top of the old with the ETH. Thus, in the Ethereum was actually a scheme to double spend double spending of the same coins.

The developers on either project has taken care to prevent such situations. Some experts call this event a complete fiasco within the community Ethereum. For example, a bitcoin developer Peter Todd for this reason tweeted: 

 It will be interesting to see how a scenario like what happened to BTC-E, will take place on other exchanges, not switched on etc? Coinbase continues to withdraw funds, but they still had not fixed the problem with the purchases and withdrawals of Ethereum. 

 Peter Todd even mentioned on Twitter that this may lead to complete loss of solvency of the exchange.
Meanwhile, press releases continue to appear on other exchanges. For example, Livecoin writes: 

 Dear customers, at the time the Ethereum Classic (next ETC) on the market, we announced that we are going to enter it with charging ETC on the balance sheets of our clients. But when we started connecting, we were in for an unpleasant surprise. Because of the nature of architecture ETC and its direct connection with the usual Ethereum (ETH), transactions between these two coins are related in one way or another. This communication is neither expected nor accepted practice in the world of cryptocurrency.

When we hooked up ETC in test mode, I found that funds in the ETS we have, because transactions ETH and ETC are connected and the funds were withdrawn by clients in the normal I / o ETN, we expect that displayed on Poloniex, because at that time, trades ETC were just there. 

Next, we have studied this situation in detail and came to the conclusion that either the developers of ETS or Poloniex, had to take at least the minimum notification function of all the other exchanges, trading ETH about how to protect your ETC funds from unauthorized withdrawal, for later distribution. These exchanges are not many, not more than 15. We believe that to send out 15 warning letters were quite capable. We have not received any notifications regarding the protection in the ETS. We do not consider this fair business conduct on the part of developers ETC and the stock exchange, which first entered trades ETC. 

 This is a fairly comprehensive explanation says logisense "zugzwang" in the fight forks of Ethereum. Almost any action developers and exchanges may only aggravate the problem. Probably already large sums flowed from exchanges to wallets most adventurous users, who managed to take advantage of the situation and twice to sell their coins in both blockchains.

At the moment it is difficult to say how to rectify the situation and will exchange the heat. It is difficult to expect such altruism, however, an effective mechanism of recovery of damages is difficult to figure out except the regular hard forks... two blockchains. 

At worst, it threatens to collapse the next stock bubble in the cryptocurrency market and loss for many thousands of users. We continue to monitor developments.