Ethereum classic to be attacked by darkb4dawn

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crypto-news · @darkb4dawn · Jul 24 '16 (edited)

$0.35

Ethereum classic to be attacked

<html>
<p>Ethereum Classic is to be attacked today by the Chinese.</p>
<p>https://ethereumclassic.github.io/</p>
<p><img src="http://i.imgsafe.org/4d0f781cd1.png" width="500" height="500"/></p>
<p>Ethereum, hard-forked as many of you already know. Currently, most of the hash power is now on the new chain. Ethereum Classic continues on the old chain. This is due to the actions of a minority stake contingency, that believes that creating the hard-fork was a poor choice, therefore they want to continue on the old chain. The main problem is that there are only a handful of miners on the old chain. The lack of hash power is presenting a plethora of security risks. It is not a secure currency and many investors may not be aware of the high risk. It is commonly believed that Ethereum Classic is close to pure trash as a currency.</p>
<p>So much so, that now that it has been listen on Polinex exchange, an outraged group led by Chandler Guo, plans to attack Ethereum Classic.</p>
<blockquote>&nbsp;<strong>Chandler Guo, a well-known and respected figure in the Chinese digital currency community stated that he, assisted by other miners, will 51% attack Ethereum Classic as soon as possible.</strong> &nbsp;-Quote reprinted from cryptocoinnews.com</blockquote>
<p><img src="http://i.imgsafe.org/4cf0ba8170.png" width="837" height="445"/></p>
<p>I am not invested in either fork of Ethereum, as I sideline witness I find this news very interesting. I only hope the final outcome is what is best for the future of the cryptocurrency ecosystem.&nbsp;</p>
<p>Articles of reference and complete story to be found at&nbsp;</p>
<p>https://bitcoinmagazine.com/articles/rejecting-today-s-hard-fork-the-ethereum-classic-project-continues-on-the-original-chain-here-s-why-1469038808</p>
<p>https://www.cryptocoinsnews.com/miners-attack-ethereum-classic-polonixs-listing/</p>
<p># <a href="https://steemit.com/trending/ethereum">ethereum</a> #news #crypotocurrency # <a href="https://steemit.com/trending/beyondbitcoin">beyondbitcoin</a>&nbsp;</p>
</html>

👍 lovejoy, bravenewcoin, kingofchaos, pcste, darkb4dawn, chalidore, dmacshady, ginglebug, trumanbit, carlgetalada, hashtagpatrick, kolyan31, angielb, alexskinner, cooking, qonq99

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@calva · Jul 24 '16 (edited)

"There are 3 eras of currency: Commodity based, politically based, and now, math based." - Chris Dixon

👍 kingofchaos, skynet
👎 darkb4dawn, randaletouri

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@kingofchaos · Jul 24 '16

This is so fucked up
<a target='_BLANK' href='https://ipfs.pics/QmZkXS9Jrqs77qAaY3ed8cTu4M7sVBGCtApBqoLzGuW86S'><img src='https://ipfs.pics/ipfs/QmZkXS9Jrqs77qAaY3ed8cTu4M7sVBGCtApBqoLzGuW86S'/></a>

👍 brands

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@ozzy-vega · Jul 24 '16 (edited)

what bout people buying eth classic, so they deserve the attack? if you do not like me i attack you? the real face of eth developers is out now, let the community decide what they want, unfortunately they do not trust eth anymore because they wanted to save the DAO, eth lost trust because is corrupted subject to change, thats actually totally oposite to decentralization, eth killed himself.

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@darkb4dawn · Jul 25 '16

I am  not saying that I agree with the attack, I am just presenting the story. I am not invested in the currency, I do hope it works out for everyone involved in some way.

👍 pcste

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