8btc Interview: Anthony Lusardi, U.S. Director of the ETC Cooperative

Anthony Lusardi and Christian Xu of the ETC Cooperative where interviewed on a wide variety of topics on Ethereum Classic ETC.

Without decentralization, the blockchain will no longer be a blockchain.

Anthony Lusardi, ETC Cooperative’s U.S. Director, has been working on the management and operations of the community, [ever] since the cooperative was founded. He is managing the cooperative’s work in a fair and open manner and supporting users of the broader ETC ecosystem. Currently he’s planning the ETC Summit in September, helped redesign the official ETC website, and is seeking more project investment for the ETC ecosystem.

Anthony Lusardi, U.S. Director of the ETC Cooperative

In 2014, Anthony got involved in blockchain technology and digital currency. Before the DAO incident, he was a supporter of ETH. However, after the foundation fork this changed. He believed that ETC would continue to be supported, because ETC remains immutable from the truth, therefore the blockchain cannot and should not be tampered with. Anthony is now responsible for helping manage many of the ETC community activities, such as running servers, or creating testnet faucets etc.


ETC Cooperative’s China Community Manager Christian Xu and Anthony Lusardi recently visited Babbitt to chat. The following is the interview transcript in a Q&A format translated by Classic is Coming:


8btc: Coinbase has indicated that it will be listing ETC. After the announcement of the news, ETC’s price rose sharply on the day. What did the ETC community do in the process?

As far as the Coinbase decision to list ETC, our community does not participate in this process. It was basically determined internally by Coinbase.
Why did Coinbase decide to list ETC? Well, ETC has a long standing history as a decentralized smart contract platform, while many other platforms are much younger with relatively short histories. This is a major reason.
Also we have an active and passionate community. Many people in our community are simply interested in ETC. We have many developers and companies, such as myself, the ETC Cooperative, ETC Labs, and two core dev teams ETCDEV team and IOHK.

8btc: ETH forked and left ETC: Why did you choose ETC with less support at the time?

First of all, I don’t think ETC has little support. The communities before the split seemed to be separated fairly and evenly. Also, people chose to follow the Ethereum Foundation and roll back The DAO [Smart Contract], not because they all agreed, but because this road was simpler. Many people where facing this issue.
If the people who control the funds go this way, then they will continue this path, although they may not agree. This is easier than choosing to start a new chain again. After Ethereum forked, ETC did not have the official website, and the team did not get the Ethereum ICO funding. The support of the Ethereum Foundation made people think it was unwise to follow ETC, even though they actually think ETC’s choice was better.

8btc: In the 2018 ETC roadmap, what is the current status in developing a platform for dapp developers to develop on?

The developer platform [Emerald Project] developed by ETCDEV Team is very similar to Ethereum, except for a small number of technical aspects. Currently, using ETC development is just like using ETH development. In the long run, ETCDEV is working on some projects that will make it easier for developers to use and create tools. Programming on the blockchain is still as difficult as it was in the 1990s. ETCDEV is continually working to improve that.

8btc: ETC Labs received $50 million in funding from Jack Lee (Founding Managing Partner of Foxconn HCM Capital) and DCG earlier this year. How is the project developing?

Anthony: ETC Labs is currently recruiting different projects to develop projects using the ETC blockchain.
Christian Xu: ETC labs is expected to be officially launched next month. Several projects have been submitted to join the incubator, and we are currently reviewing it. We may announce further news next month and are still in the confidential stage.

8btc: It is reported that the main reason for Jack Lee (Founding Managing Partner of Foxconn HCM Capital) to invest in ETC is to value ETC’s prospects in the Internet of Things (IoT). What has ETC been doing on IoT?

IoT is one of ETCDEV’s priorities. They have developed SpitnikVM, which you can execute on chain and in the device, so you can have the device running on it [the network]. They have already demonstrated this. A lot of things that you want to do on the blockchain don’t need to be done on the chain. If you put all the work on the chain, the blockchain will become very slow and expensive to use, so ETCDEV’s successfully developed the sidechain proposal. This allows people to put most of the transactions and computations into the off chain. Sidechains are used to achieve IoT [optimization], run by trusted third parties, and they then can use the main chain when they don’t need trust. [They can] track data on sidechains or move transactions from sidechains to the main chain.

8btc: The cryptocurrency community has been hot on EOS recently. Do you think EOS will become a competitor to ETC?

No, I am not sure. I mean, for a centralized system, PayPal and Alipay run very well, and EOS is a very centralized system with 21 CEOs. They have different views on the EOS operating method.
I don’t think EOS will compete with any decentralized blockchain. In fact, I don’t think EOS has much to do with what the blockchain is trying to achieve. The thing that the blockchain brings to us is decentralization. Without decentralization, it is not a blockchain.

8btc: Vitalik Buterin recently tweeted a tweet calling for cooperation between ETH and ETC. Do you think ETH and ETC will cooperate [collaborate] in technology and other aspects in the future?

Certainly, we are working with various teams [groups and individuals] within the Ethereum ecosystem.We have some form of cooperation with the Ethereum Foundation. For example, we began participating in each other’s events and meetings. I attended [and spoke] at the Ethereum EDCON conference in Toronto. At the same time, some Ethereum people will participate in the ETC Summit in September.
At the technical level, we are working together in many different ways. For example, we are investigating technologies created by the Ethereum project Kyber Network, which have the means to transfer ETH to the ETC chain or to transfer ETC to the ETH chain. It is still at a very early stage and requires a lot of improvements, but we are progressing. Also, I am working with other Ethereum projects.

8btc: EOS governance issues have recently been criticized. What do you think of blockchain governance?

I think all blockchains have some form of governance, even Bitcoin is no exception. I just don’t think blockchains can benefit from overly active governance. For example, in Bitcoin, probably in 2011, there was a major loophole. Someone created hundreds of millions of Bitcoins overnight. The community quickly reached a consensus that the 21 million cap must exist and they don’t want 10 billion Bitcoins [in circulation]. They made a hard fork and the chain was abandoned.
This is an example of governance. This kind of governance is useful. For ETC, you know that the DAO should not be revoked, or that you have no right to do so, so governance takes effect here. ETC was created, and since then, ETC has carried out three [hard fork upgrades]. Only the second hard fork, not all, created a new chain.
So I think that blockchains are naturally governed, but [some] people say governance is a very positive behavior. I don’t specifically agree. In the current EOS [situation], many big users want to control the governance structure [block producer]. I don’t think the blockchain should be like this. It is up to everyone to decide what is good.

The original interview was conducted by 8btc.com and Babbit by author Kyle, and translated by ClassicIsComing.