From my limited understand, all BTC forks (namely BCH and BSV) failed to gain traction. Meanwhile, Ethereum outworked the original network (Ethereum Classic). How do you explain this? I used to think that forks usually fail but now that I think about it, Monero was a fork of Bytecoin and it's way more valuable today. As far as I know Bytecoin is dead.
Why did Ethereum Classic not become as valuable as BTC?
Matthew Brown
Joshua Anderson
>>from my limited understand
Thomas Sanders
majority fork valuable minority fork is a joke. same for both.
Adam Harris
>The 51% chain is not top1 bruhuhuhu.
Henry Reed
What function does ethereum classic serve anymore really? There's your answer...
John Mitchell
to be more elaborate, the majority fork has the overwhelming majority of economic activity and innovation in a distributed consensus system.
Eli Long
1. bitcoin as it was in 2015 no longer exists. at the end of 2017, bitcoin split into 2 chains, each with a change to the code. bitcoin cash increased block size. BTC implement segwit. the chain that won the BTC ticker symbol kept the value (after a 80% drop lel)
>Ethereum outworked the original network (Ethereum Classic). How do you explain this?
ethereum was the first to pioneer and prove that a large complicated blockchain project can be in constant development, and derive value from the number of developers. the ethereum cuck devs forked ETC themselves and left it to die, and they suffered for it in late 2016
Brayden Walker
once eth goes pos the miners who specialized on eth probably gonna jump on etc. where else could they go? maybe create a new fork that remains pow? that's also an option. at that point etc dies for good.
William Brown
segwit also increased the block size just did it in a limited backwards compatible way.
Matthew White
True. I never considered the option that we could see a 3rd fork. Ethereum Classic Classic, Ethereum Classic and Ethereum (2.0). There are a number of alternatives though, like Bitcoin Cash and Kadena. Maybe even the Bitcoin network provided RGB delivers. Chia has a consensus mechanism similar to PoW.
Joseph Clark
I was surprised that there was not a fork that rejected any changes at all. seeing all bitcoiners suddenly accept a code change of some kind left an impression on my approach to crypto
Zachary Walker
chia is fucking stupid. it kills ssds and that's an electronic waste we can't recycle.
photonic cpu pow would be ideal. because you can't just keep micronize it. it has a very definite maximum circuit density.
John Ross
well if you didn't update in 2017 bitcoin didn't actually changed for you.
Justin Anderson
Good thread. Unfortunately I was only around starting 2017 so I didn’t really understand the whole btc vs Bch debate back then, but what I can tell you is that it wasn’t as obvious back then as it was now. The fact that the eth fork ended up taking the flagship role from etc wasn’t guaranteed either.
I think a key difference between etc vs eth and btc and bch forks was that old eth suffered 51% attacks, something that has never happened with BTC.
Matthew Cook
you can't say that. we know for a fact that satoshi carried out 51% attacks for over a year.
Cameron Jones
>From my limited understand
Thread status: Dropped
Luke Jones
None of these are alternatives except for etc. You can’t efficiently mine bch or kda with eth hardware. You could mine etc, raven coin or ergo with eth 1.0 hardware , but it needs to be a gpu intensive algo, not asic algo or cpu algo.
Ryder Cruz
That’s really just shizo babble or you misunderstanding something. Hope newfags don’t get confused by your nonsense.
Nolan Wright
>Kills SSDs
A unit running raid with enough disks works just as well and lasts far longer
I know this cause I used mechanical drives only for mining this shit cause I have a fuck ton of free server space just sitting.
Grayson Myers
it's by definition.
Noah Myers
when eth 2.0 drops, etc is going up at least 10x. its going to be a $500 coin for sure following upgrade