Ethereum Classic: The Dark Horse Platform in 2019?
Many of us who are fans of Bitcoin like the idea of smart contract platforms, but don't like some of the choices made by the current leader, Ethereum. As Andreas Antonopoulos has pointed out, Bitcoin has made tradeoffs designed to make it best suitable as a store of value and maybe currency, not a smart contract platform:
youtube.com/watch?v=XU8Bc5oxneE
Many people might not know that Charles Hoskinson of IOHK and Cardano is also a supporter of ETC:
youtube.com/watch?v=ZPlP4YChZC0&t=1081s
Unfortunately, for those of us who are fans of the Bitcoin philosophy, Ethereum is not a very good cultural fit. I was/am prepared to hold my nose and support Eth since I like the idea of a smart contract platform so much. However, there may be a more attractive alternative for Bitcoin fans, ETC: (a few items of many)
1. Proof of Work, not Proof of Stake, which is a far weaker safeguard
2. Capped limit of ETC units
3. Code as law, not the arbitrary whim of the leaders. (I'm talking about it's not rolling back the DAO hack)
Finally: ETC is still priced at levels that ETH was back in early 2017. If it were to make a similar run, those of us late to the game who buy at the beginning of the next bull run would be very happy.
Above is not financial advice, but rather one thing I'll be looking at as the next run gets going. I think this next run will be the best and most fun yet!
youtube.com/watch?v=XU8Bc5oxneE
Many people might not know that Charles Hoskinson of IOHK and Cardano is also a supporter of ETC:
youtube.com/watch?v=ZPlP4YChZC0&t=1081s
Unfortunately, for those of us who are fans of the Bitcoin philosophy, Ethereum is not a very good cultural fit. I was/am prepared to hold my nose and support Eth since I like the idea of a smart contract platform so much. However, there may be a more attractive alternative for Bitcoin fans, ETC: (a few items of many)
1. Proof of Work, not Proof of Stake, which is a far weaker safeguard
2. Capped limit of ETC units
3. Code as law, not the arbitrary whim of the leaders. (I'm talking about it's not rolling back the DAO hack)
Finally: ETC is still priced at levels that ETH was back in early 2017. If it were to make a similar run, those of us late to the game who buy at the beginning of the next bull run would be very happy.
Above is not financial advice, but rather one thing I'll be looking at as the next run gets going. I think this next run will be the best and most fun yet!
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