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RE: DAO Attacker Has Drained ETC DAO (Classic)
The attacker is probably trying to get out of ETC before Chandler Guo's 51% attack.
The attacker is probably trying to get out of ETC before Chandler Guo's 51% attack.
That was a bad idea and I believe he abandoned it. ETC has an uphill economic battle to continue to exist. We'll see.
I outline the challenges ETC faces in this comment.
There's a lot of good discussion/analysis right now of the short term for ETC.
In the long term, what do you think about the ETC hard fork as remedy for replay attacks issue I discussed at the end of this post: https://steemit.com/ethereum/@jack1/if-the-dao-attacker-shorts-eth-buys-etc-and-then-refunds-the-dao-hack-victims-on-the-etc-chain
It is destined to fail, all of the developers have stated they will be working on the eth fork, not etc. So anyone investing in etc, is essentially investing in a useless crypto that no one has noticed is useless yet.
ETC has the battle to face that it is useless, and will continue to be useless. As the founding developers of eth has stated openly that they will focus on eth and NOT etc, the best etc can do is ride on the coattails of eth by copying developmental advancements directly from the eth code. And, as most developers have stated they will support eth and NOT etc, the effort is null.
ETC will fail, 100% at somepoint. There is literally no use that will ever put it into practice. ETH still has hope, but is way overvalued in the sense that right now it is worth a lot for being completely useless.