I’m not going to guess or say you are wrong on the ETH fee price over ETC price. But surely if the ETH fees are high that is because there is a lot of demand. So scaling is an issue, which they are working on. I’d much rather put my money into ETH than ETC. Just like I’d much rather put my money into BTC than BCH. Time will tell, but currently the hype is mainly around BTC and ETH.
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Also, if you are a developer you may be right to think you’d choose the cheaper option, but what is actually happening in reality? Are more developers working on ETH or ETC? I’m pretty sure is ETH.
thats why I am saying there are profits to be had in ETC. Over time more developers will realize they get more VALUE there. Buy value sell the hype I say.
I don’t think they will. I think ETH will scale up and more and more developers will head towards ethereum. If they all head to ETC fees will skyrocket there too. To me it’s more about the core developers, the image, the public perception, the media coverage, etc that makes more people want to speculate on ETH. So for me out of all the cryptos BTC and ETH are the lowest risk coins to buy at the moment. If something changes I’ll change my mind.
Also, if developers are put off from using ETH, why would they head to ETC and not one of the other platforms?
well maybe ETC if they already coded it for ETH and want a cheap migration (I mean the goal would be to cut costs here) not to say the other platforms arn’t viable options if they are still in the drawing board stage
Maybe. But who is even behind ETC? I know Charles Hopkinson was involved but he jumped ship to create Cardano. It doesn’t seem to me ETC will be around for that long.
Did you miss the ETC 51% attack??
I’d say this is an oversimplification. You can see on this site how NiceHash-able a 51% attack is for different coins. In other words, how easy it is to actually acquire all the required hash power.
ETC is very vulnerable.
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It matters to people speculating, so that’s where the money goes, and that’s why I think it will be worth more, and more developers will build on it. Bitcoin is different as it is the original / first crypto and the media hype around it is huge.
If 51% attack price match with hashpower cost+reward, than for some coins is the 51% attack even cheaper, if you will slowly increase your position to 51% control. You should not rise total hashpower to 200% of original one, but just about to 105-120%.
For long therm the 51% attack cost is 51% of total hashpower before attack.
For short therm the 51% attack cost is 101% of total hashpower before attack.
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Ya, the generalization would be that if a PoW coin isn’t the leading coin using a particular type of hardware, it is vulnerable. So LTC for example would also be OK in this regard because there are Scrypt ASICs.
Here is the drill…
Articles like this all the way up to about $20-30,000 before BTC crashes again.
Hold on tight… and this time, maybe take profits??
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I honestly didn’t expect to see Bitcoin bounce back so hard and so quickly, especially with high volume. It really makes you wonder how long it will be before there are new all time highs.
As I hold much more MAID than BTC, I hope MAID keeps up too!
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what proof do you have that it is this big scary whale and not just the collective of smaller people started to sync on a higher price like metronomes on a free swinging platform? I think every time we see a big move people are like oh its the banksters its the whales and I am just some pleb no point in even trying. Actually I think its the little guys that make the most on these markets while big players have to suffice with averages and sometimes selling lower then their last buy.
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This guy is well and truly in the green
I still don’t see why it is not equally plausible many smaller traders ate up what was for sale at this price. I mean that is how markets work. If the price is too low for the total appetite of everyone the supply gets eaten up and people are forced to consider higher prices if they still want to buy.
What’s up with the total crypto market cap? I’m sure that can’t all be real but that has to be an indicator.
I always thought it could go up really fast from now on, with all the new stablecoins and all the money in all of them. That’s money that’s literally one small step from going back into BTC and it’s always waiting on the sidelines for the bears to leave.
This will always be a growing factor from now on, and more will come out, so things can turn around even faster. Crazy stuff.