What happened with Ethereum $ETH and Ethereum Classic $ETC?

What exactly happened with the Hard Fork and why all the drama since yesterday?

A few days before the Hard Fork, there was an announcement that some people wanted to stay on the original Ethereum chain, they didn’t want the bailout Hard Fork and they called themselves Ethereum Classic.

Ethereum Classic: The Hate

At first people were laughing with it, oh a coin to just dump and get free easy money, awesome!

What are the implications for the future?

Who knows. No really. From an investors and developers perspective, if both chains are the same, except for the DAO bailout, you might want to run your app on the most popular network right? Not really, the idea with Ethereum applications is that when people use the product/service linked with Ethereum, they don’t even know they are using Ethereum. So the developers might pick the cheapest one, which obviously at the point is Ethereum Classic (ETC).

Personal Conclusion:

I really don’t think you can talk about a succesful fork at all, the community has gone completely toxic and got very aggressive (see miner attack, but also attacks on Poloniex)

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Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies.

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WhalePanda

WhalePanda

Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies.