/biz/ - Business & Finance

This is one of those, genuine, 'woah... biz actually helped me' moments. Dont miss out anons.

ETC is the real ethereum. i hold only ETC and no ETH. fuck vitalik

>>24198022
I thought about putting 5% of my portfolio into this

sure, it might have some hash thrown at it and pump the price, but PoW is too slow for ETH tx functionality, what projects would work with ETC?

>>24198022
wtf is "ETC" faggot?

>Don’t invest in the future guys, come back to the 1800’s

>>24198022
Phase0 doesn't impact mining on ethereum.

>>24198108
ETH is fine, and its promising. But they both have their place. And, ETH 2.0 / staking is huge, I'm not going to deny that. I'm not making a 'favorites' play. But, what I can say, is that anticipation of ETH 2.0 has been priced in for months -- we will just see a rally upon its success.

The huge boom in hash power on ETC following ETH 2.0 as massive mining operations shift over, is something most people have not priced in.

Also, with the relative market caps, ETC has much more room to run.

>>24198022
Yet another 51% attack blocks your path

>>24198142
Price movements seem to say youre looking at this from the wrong perspective.

>>24198127
new fag

>>24198152
it does because it starts the clock to shift over.

>>24198120
ETC has an active development community, and quite literally everything ETH does now. Besides Ethereum Foundation and ETC are in contact fairly regularly. They arent antagonistic.

>>24198218
>it does because it starts the clock to shift over.
the shift is supposed to happen in 2022.

>>24198022
This chain has 51% attacks a few weeks ago. It’s abandonware, most devs have moved on to ETH/ETH2

>>24198178
checkin's and nothing at stake blocks yours mate.

Again, I support both chains. Both are promising, both have draw backs.

ETC is simply more undervalued and people are grossly underestimating the benefit it will see from quite literally some of the largest mining farms in the world supporting its chain.

>>24198243
rewards are split, no?

and to say 2022 is misleading, they expect late 2021 / early 2022... So as little as a year.

>>24198309
more like late 2022, late 2021 you can expect to see testnets with full PoS.

>>24198331
>'The third phase of Ethereum 2.0 will likely be launched in 2021 or 2022.'
Consensys literally states 2021 / 2022. If you want to venture on your own to make personal predictions thats fine, but dont push that as the official timeline lol

>>24198394
Read the recent ama with eth2 developers on r/ethereum and you will see I'm right

>>24198127
Ethereum classic faggot

>>24198178
More hash power means more security, moron.

>not knowing it'll go into 0xbtc
yea, sure, your dead chain is where they'll go. yawn

>>24198519
How do i even buy it whem its not on uniswap

>>24198550
>references a sub $1m market cap coin

I hope you’re meme’ing or mentally challenged

If you still buy this nigger-tier shitcoin, in the year of our lord 2020, then all losses are totally on you

>>24198127
newfag nigger faggot

>>24198563
Then buy it on coinbase

can this shit $50 again bros??

is this the new 1000x????

>>24198563
>>24198649
That makes me wonder could someone technically clone uniswap on the ETC chain? Is the EVM compatible?

>>24198686
It will certainly see $25 to $30

AHAHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>>24198699
Yes.

>>24198717
lol

Just hit $7.00

>>24198218
>>24198519
>>24198606
Yes. I know that. But WTF is it

>>24198804
Stfu and delete 4chan app.

ETC is very likely to pass NEO in the near-term... (if you want to talk about a useless chain.. why is NEO 1.4bn in market cap???)

>>24198742
ETC @ $7.15 while eth sits still

>>24198804
Do some simple research fucking newfag. So much more info and places to get info easily these days for crypto.

>>24199274
$7.20

>>24198834
>>24199367
No.

>>24198022
Its going to be a bloodbath for miners.the hash rate on eth is like 100x etc and when they flood other coins mining proffits are going to plummet to nearly nothing until the market stabilizes.

>>24199550
You do realize difficulty will adjust? Small miners will be pushed out but difficulty will adjust very quickly making large scale operations profitable

>>24198022
checked. code is law fren.

so here is the deal. i have long agreed with this sentiment. when i mined i mined etc. i eventually traded it all for link though. i still have a little but not much now. either way. anon has a good point

>>24198717
hehehehehehehehehehehehe hohohohoho

>>24198022
Why the hell won't eth miners just switch to mining btc or litecoin?

>>24199761
different algos

>>24199761
different algo. ETH miners are GPU-based. LTC and BTC are ASIC preferred

>>24199761
explanation of shift to ETC

>>24199813
eth has been mined on asics for years you dumb shill
that pic is 3+ years old

>>24198108
Where can I buy it?

>>24199873
an E3 is not an asic in the traditional sense. even the a10 isnt. still different algos so doesnt matter

>>24199873
are you autistic?

>>24199891
Literally any exchange

>>24199929
1k ETC Bags Secured. See you at the moon friend.

>>24199929
way to move the goalposts
how much is roger ver paying you for this?

>>24200024
lets shoot for $15 first. ATH's are certainly attainable. Once that breaks, if we see the shift of miners as expected, we could see huge growth potentially top 5 worthy

>>24200033
which post moved exactly?

>>24200000

>>24200000
>>24199999

Just bought this shit, hope you are right /biz/, other alts just stop going up, with PHASE 0@100% there is no reason to buy like crazy ETH, and looks like ETC has parabolic potential

>>24200113
Bingo

Why would PoS affect miners?

>>24200177
Miners are not needed in full POS.

>>24198309
rewards are not split.

It will no longer need miners (POW) because its transitioning to POS.

>>24198022
>it looks like 2.0 will go live very shortly. As soon as Dec. 1st.
Are you retarded?
You do realize it's going to take literally years for ETH to fully transition to 2.0
The entire 2021 people will continue mining ETH PoW chain

>>24198022
Couldn't miners just continue using their mining software like normal? Wouldn't that just continue the ETH chain, effectively ignoring PoS?

>>24199951
Is there one with no KYC?

Thanx

>>24200290
They have a counting clock to shift away in the next ~12 months. Basic game theory. The first to shift will take early stake in ETC, as more move over, more and more must follow to stay competitive. There's officially an expiration date on ETH mining.

>>24200292
That would be to support and mine for a fork with no development community or support. They would also be mining fork coins with no value. It would make more sense to simply support ETC with a current market cap of ~$850m and a very active community. Plus it has great upside.

>>24200327
check coingecko.

>>24200416
>That would be to support and mine for a fork with no development community or support
you have got to be fucking trolling right now. you do see the unreasonable irony in this statement, right?

>>24200629
ETC is HUGELY active and very viable?

>>24199625
I know better than most. I have a Ghash pointed at ETC. I am also a developer in the space. Difficulty just adjusts block time. If the price does not increase substantially there will be a mass exodus from mining. Block reward is the same whether there are 100 miners or 100,000. I don't think mining will end, but it will be a bloodbath as I said while everyone trys to figure out what to do with their rigs.

>>24200715
let's play a game, it's called "Does ETC have 1% of the total value locked on ETH, locked on ETC?"

Let's play another game, "Does ETC have 0.5% of the total value locked on ETH, locked on ETC?"

Oh, both answers are no? Curious how a hugely active and viable blockchain doesn't have even a fraction of a percent of ETHs locked value in applications
now fuck off and die

GARBAGE sell it... XRP will have smart contracts in less than 19 days.

>>24200728
>implying price wont be propped by institutional scale mining firms??

you answered your own question. large miners will move in. they will drive the price up to offset difficulty cost.

Bear in mind it takes a fraction of the net market cap / price change in actual capital to buy the price up to profitability.

>>24200763
ETC has almost a $1bn market cap? If you compare almost any coin to the market cap of ETH today it will be small?

I dont see your point

Proof of stake? Completed it mate

>>24200795
Fucking newfag

>>24200728
Uhm unironically this: >>24200802
you literally answered your own question

>derr miners who have hundreds of millions of dollars will need price go up to be profitable

You think they will just shut down shop? Tell me what they’ll do? Obviously buy etc up to profitability

>>24200844
look retard, i know you don't know much about blockchain ecosystems, its obvious.

i'm going to be very clear here so as to not confuse you.
Decentralized applications run on blockchains.
Inside these decentralized applications exist users and value.

The number of users & amount of value inside these decentralized applications is the ONLY thing that matters when defining a blockchain as "hugely active and viable"

The marketcap of ETC means absolutely fucking nothing. What matters is whether or not people are actually using it for anything, which they are not.
Point me in the direction of 1 single application running on ETC that has *at least* $50,000,000 locked inside it.

>>24200951
Compared to ETH, yes not much? But what do you think happens when all the miners behind ETH switch to ETC? And again, almost nothing has as much usage or even near that of ETH. This is a catalyst event so buy early? Or, wait until its priced in and too late?

>>24198022

ETC $7.20

ETH stuck at 615, ETC continues to press higher

Do you nigs realize mining will stay on ETH for at least a year more?

>>24202428
Read the full thread retard

>>24202135
7.33

>>24202704
Looks nice

>>24202669
Sorry m8, you're right. Though I think you should have included the 1 year, early birds angle in the OP.

>>24202766
Your modesty disarms me. Appreciate it my guy. I rescind my retard comment.

Only in an ETC thread can such mature humility be found.

Prone to 51% attacks and recently adopted 0xbitcoins mining algorithm.

I'm sure ETC will see some growth in miners, but why would most miners jump off Ethereums network when a proof of work coin already natively exist? This is big for ETC but bigger for 0xBTC.

>>24202875
0xBTC has $800,000 market cap and no community ETC is about to hit $1bn. There’s no major miner which will love to such a tiny coin

>>24202818
Same to you, shouldn't have gone straigt to niggers.

How does this strategy interact with the general wisdom of "always mine the most profitable", buy what you think will go up? Is ETC difficulty algo in general such that it keeps profitability on par with ETH, making a switch to ETC mining a good choice because you get out of trading fees for selling ETH for ETC?

>>24202919
It’s identical to ETH. ETC technically is the original, un-modified ethereum chain. Today’s ETH was forked and modified to undo the failed / hacked DAO in I believe 2016...

Regarding profitability, etc gives clear path to simply pick up where they left off. Of the EThash options it’s by far the most superior and identical to ETH. Miners will come in, buy the price up and continue where they left off with ETH. For this to happen they will likely buy up to $90 or so. This can be done with relatively little total capital when compared to huge mining operations (especially if they get a head start — ie start now)

>>24198261
>>checkin's and nothing at stake blocks yours mate.
Slashing solves nothing at stake.

Additional Q, someone said ETC switched mining algo ITT. Does that mean the """ASICs""" for ETH are useless?

>>24203057
ETH is predominantly GPU mined

>>24203053
>Regarding profitability, etc gives clear path to simply pick up where they left off
Oh so you're not advocating jumping ship right now?

>>24203098
Yeah, hence "asic", they're pretty much GPU boxes.

Absout profitability again, I am wondering if ETC suffers from the BCH/BSV problem where block times got really choppy for a while because if the infrequent diff adjustments.

>>24198022
Barry shilbert already won with Greyscale. If he gets this too then you all need to necc

>>24203155
>Jump ship now
I’m not saying miners should or shouldn’t NOW. But they must in the next 6 months.

TRADERS can front run this shift now. The choices are a. Hope eth has continued momentum (it will to a degree) or b. Front run a major miner revaluation of ETC <—- this seems much more promising

Regarding the ASICS comment, an etc algo change wouldn’t impact miners switching GPUs are more mailable. As long as it’s GPU minable (which it is) miners can switch easily

Also, imagine getting cucked by the DAO hacker for the 2nd time

>>24203240
What are you saying?

>>24203303
Sweet, I misinterpreted the thread a bit. Trader frontrunning this is definitely something one should keep in mind. Though I don't know when the perfect time is.
Good thread, sorry again for coming in hot. /biz/ is usually retarded so I fire from the hip.

>>24203310
Blind fud... DAO hacker is a complete non-issue lmao — if he didn’t sell off at $50 he won’t now

>>24203366
Thoughts on the Callisto guy/ERC-20-sucks autist being the DAO hacker. Yes/no?

>>24203361
Lol not a problem, mate. Cant blame you. Appreciate the contributions

>>24203336
Barry shillbert will be the new Vitalik if ETC actually does take off. Bow down to your new king faggot

>>24203401
Not sure desu. But, with my tinfoil hat on, I’d say they had ties to Poloniex. The unannounced, sneak listing at 3am eastern after saying they wouldn’t support the fork followed by the huge profits polo raked in seemed very suspicious

>>24203481
Oh you lost me in the grayscale part. Holy shit how’d I miss that? Didn’t know they listed with GS — eh further legitimacy

https://www.reddit.com/user/Dexaran
Link to the guy I and some others suspect being the DAO hacker btw. He has a github and shit too, but I don't know if he's still active or has taken on a new identity. He audits smart contracts, and has sperged about ERC20 for a long time.

>>24203534
I fucking forgot about ETC after selling my fork bags. If it moons above my exit I will be extremely salty. Even if miners don't migrate to ETC Barry will use his fucking cashcow to pump this shit to this narrative. Then he can bring in institutional investors and totally cuck ETH 2.0. FUUUUUCKKKK I missed out on this

>>24203680
>ttps://www.reddit.com/user/Dexaran
I remember a thread of the DAO hacker giving shit away. I emailed the fuck and still have his shit response

>>24203827
Lol how much did he give in total? That you saw?

>>24203914
Didn't see proof of him giving anything away. He was sending some details to follow if u wanted to get it but shit was too hard/technical for my lazy ass to follow. Got nothing out of it

>>24198022
etc is lame bullshit. if you're getting in now this is maybe a good idea, but if you are holding from long ago just sell this bullshit into LINK, unless you have to wait 2 weeks for 91k confirmations on most exchanges thanks to recent ETC 51% attacks... I'm a week into my waiting period, 50k confirmations to go fml

>>24204196
Even the fud has to say getting in early is a good idea lol

>>24202907
0xbitcoin has a lot more growth potential yes.

It does have an active and growing community, so that part is just a lie, check the Discord yourself. There is a reason ETC used 0xbtc mining algorithm, dont underestimate that community, some smart people develop there.

I'm sure this will be good for ETC, but dont kid yourself, if you can mine natively on Ethereum, protected by Ethereums network and operable with Ethereum snart contracts, of course most miners will choose to go with something like 0xBTC, it's pretty obvious.

>>24198022
shut the fuck up Charles

>>24204941
ETC to $14 then $22. Just watch

>>24198022
What is the point of Ethereum?
This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is a fucking joke.

>>24205896
explain a trustless AWS hosted product?