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18937771 No.18937771 [Reply] [Original]

>etc is the high security transaction layer 1 for high value eth 2.0 tx's
>fully compatible with eth now
>funded by grayscale
>1 of 4 coins to get widespread regulatory approval and institutional coinbase custody
>fixed supply that will never change
>cardano IOTK working behind the scenes with ETC for a potential integration
>atomic swaps with SATURN protocol
>PHOENIX upgrade confirmed in february

is ETC the phoenix the will rise from the ashes?

>> No.18937825

not until the hashrate goes up i wont touch this one

>> No.18938016

Etc is going to remain pow once eth switches over, right? Is there any reason why this would make etc more popular than it currently is? Since it more closely resembles current eth, or is that irrelevant?

>> No.18938067

>>18938016
"Due to its scalability, Ethereum 2.0 seems to be a system that will be very adequate to service consumers and enterprise who will need to process high volume, low value transactions. In the case of Ethereum Classic, it will be very adequate to process low volume, high value transactions. This means that ETC will likely be a layer 1 (L1) high security network and ETH 2.0 will likely be a layer 2 (L2) high performance network."

"ETC and ETH could actually complement each other. This means that it is perfectly possible that Ethereum 2.0 could process high volumes of low value transactions, and use Ethereum Classic in the backend to aggregate and settle them with higher finality on a relatively frequent basis. As ETC has a fixed monetary policy, it could also eventually provide sound monetary services to ETH 2.0. In return, Ethereum 2.0 would be providing a very valuable scalability to Ethereum Classic."

>> No.18938111

>>18938067
Interadesting

>> No.18938133

>>18938111
BTC & ETC are well designed and positioned to occupy the value reserve (BTC) and the Turing complete (ETC) base layer roles.

>> No.18938169

Technically ETC will be worth more than ETH because the whales who want sound monetary policy + higher security will use ETC as their savings account and ETH as their checking account

>> No.18938225

Neat. Might buy 100

>> No.18938245
File: 64 KB, 800x444, ETC.png [View same] [iqdb] [saucenao] [google]
18938245

>>18938225
ETC is the only turing complete, PoW, fixed monetary policy coin out there + it has billions in volume and is on coinbase and is one of the big institutional 4

>> No.18938276
File: 73 KB, 768x747, ETC2.png [View same] [iqdb] [saucenao] [google]
18938276

>> No.18938307

>>18937825
low tier fud. it has the same hashrate graph as any other PoW coin

>> No.18938320

>>18938276
Based

>> No.18938369

I'm almost there, you've nearly convinced me to buy some etc

>> No.18938439

>>18938369
idk what else you need. its an important component/layer to eth 2.0

>> No.18938473

>>18938369
i buy infrastructure that's being baked into the new digital economy. chainlink, unibright, ethereum classic. 2 of these are crucial middleware and the other one is a critical as a base layer

>> No.18938497

LOL it was fast road from "we are real eth" to "maybe eth let us piggy back on them"

THE ABSOLUTE STATE OF 51% ATTACKED SHITCOIN

>> No.18938502

>>18938473
Ok I get it. Thought it was a dead shitcoin but I’m looking into their recent stuff it seems that Phoenix upgrade was pretty big too

>> No.18938513

>>18938369

I bought a small handful of these the other day. Feelings strangely cosy. This shits on Coinbase too so normies will pile in once it gains some traction.

>> No.18938524

>>18938497
51% attack was fud so people don’t buy it. It’s not profitable to 51% attack etc you’d lose more money than not attacking it

>> No.18938527

Is 1000 Ethereum Classic enough to make it in a bullrun?

>> No.18938544
File: 10 KB, 200x200, 1573663152874.jpg [View same] [iqdb] [saucenao] [google]
18938544

>>18938524
>51% attack was fud so people don’t buy it.

BASED RETARD

>> No.18938547

>>18938439
I don't get it. Eth 2.0 is using etc? How?

>> No.18938585

>>18938544
Grayscale and coinbase custody would like to have a word with you

>> No.18938613

>>18938547
as a base layer for high value transaction settlements. ETH 2.0 is a lot more complex and therefore less secure in theory

>> No.18938621

>>18938585
Who gives shit about institutional bagholders its dead chain again:
It was fast road from "we are real eth" to "maybe eth let us piggy back on them"

>> No.18938633

>>18938527
yup

>> No.18938640

>>18938513
That's like the safety net, even if a project is dead, e.g litecoin, you still know that eventually, when the golden bullrun begins with normies flooding to coinbase, even shit like litecoin will 5x

>> No.18938730

>>18938621
https://www.crypto-news-flash.com/vitalik-buterin-technically-a-fusion-of-ethereum-2-0-and-ethereum-classic-would-be-possible/

vitalik would like to have a word with you

>> No.18938999

https://etherplan.com/2019/06/21/why-is-ethereum-classic-still-viable-after-the-51-attacks/7920/

Once the bull run happens it will get exponentially harder to 51% attack any PoW coin. economic growth is what mitigates them and even if you get 51% attacked you can just adjust block time per tx in your own wallet to guarantee the tx

51% attacks aren't that bad

>> No.18939028

>>18938999
This. When it happened ETC hardly budged in price then mooned a few weeks later pretty hard. 51% attacks are only a problem when blockchains are small. Wait till 2021 you won’t even hear about them anymore

>> No.18939484

>>18938067
>This means that ETC will likely be a layer 1 (L1) high security network
how ironic

>> No.18939590

>>18938633
Do you think ETC will be able to hit $50 next bullrun depending on the success of Ethereum 2.0?

>> No.18939915

>>18939590
much higher than $50. it should at bare minimum be a 1:10 ratio with eth, according to vitalik