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RE: ETH, ETC - WTF?

in #ethereum8 years ago

So whose "fault" is it? If Poloniex had never added ETC to the exchange, would the minority fork have died? It seems all but certain that if no exchange ever added it, it would have died.

Of course, Poloniex is making a ton of money off fees from ETC, especially due to the roller coaster trading. So it's in Poloniex's very clear best interest to add ETC. How could the majority ETHers have incentivized Poloniex (and all other exchanges, for that matter) not to add ETC?

Nice writeup, by the way.

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Thank you for your comment.
I do believe that Poloniex was directly involved in all this story, because as you correctly mentioned without Poloniex ETC would be dead or almost dead now.
Poloniex also made a tricky move adding free ETC to everyone's wallets, actually forcing people to trade - "free money, woo-hoo" :) Without this move a lot less people would have cared.
But if we look deeper into the situation, trying to find party responsible - "hard fork" was the event that literally opened a can of worms. Polloniex just followed

Do you feel like it is confusing that there are two Ethereum projects at this point? I just made a post about this. Please consider upvoting me. I just upvoted you! https://steemit.com/steem/@brianphobos/linux-distributions-aren-t-confusing-but-crypto-forks-are-why-is-that

A bit confusing, yes. We will see, how the situation will develop
Will read and upvote, not a problem

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