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RE: Understanding the Inception of Ethereum Classic

in #cryptocurrency7 years ago

This underscores why Vitalik Buterin is making bad decisions.

It was his idea to fork the coin, to "rewind" and take the funds back.

The DAO "hack" was a smart contract -- using Vitalik's language, to transfer funds to someone. Their rule - "code is law" only applies if Vitalik thinks it does, apparently.

By offering a turing-complete language and then rescinding the ability of someone to create a contract with the very same rules just shows the shaky foundations of ETH.

Their transfer over to "Proof of Stake" will prove to be equally disasterous. I caution anyone using this beyond daytrading scalps to reconsider it as an "investment", since it has such shaky ethics behind it.

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haha, pretty funny everyone always talks about decentralized but then there's this Vitalik guy actually running everything. I think it's a bit odd that he looks like Joffrey Baratheon. hmm