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RE: Hoskus Parvum Opus: A Brief Sojourn Back to Ethereum

in #dao8 years ago

Calling ETH a "bailout" edition helps me understand your motive, which is spiteful in nature, ill-conceived, and a play, or at least what is clearly perceived as a play, to get back at the Ethereum Foundation for not siding with your VC backed vision while you were with Ethereum. Instead, an ICO was offered and you basically quit because you didn't get your way, which is understandable.

what I find troubling is your initial concept to use centralized venture capital to fund a public blockchain. The irony and implications of which are inescapable.

You come off as a nice guy and you're definitely intelligent. I enjoyed the various interviews, talks, and presentations you've given (Ted Talk, etc., easily found on YouTube), but I don't see how Ethereum Classic can ever be anything but a harmless shadow of Ethereum. ETC can't ever hope to pull ahead of the people who started it all in the first place, so what's the point? The two are very much in competition, so arguments that say both can co-exist peacefully together is absurd. One WILL eventually dominate the other.

Also, I find the fact that people are running around using paid ads to promote ETC is scummy at best and smacks of a pump and dump scheme. And though I don't believe you're involved with THAT side of the rubbish, I do believe it will be very difficult to overcome the narrative that this is, and always will be, the chain that let a thief keep a portion of what he stole.

I also don't see how any major corporations would ever wish to deal with ETC. Microsoft, which as far as I know, is ETH's biggest publicly backed partner at the moment, was elated about the hard fork to save The DAO and was even congratulatory towards Ethereum. I suspect many other brick-and-mortar entities feel the same way.

Decentralized systems are great, but Bitcoin has shown that decentralized leadership ain't all that and a bag of chips. I suspect ETC will canabalize itself before it reaches its first milestone, whatever that may be. I don't think using the word "centralized" to describe the reason for the hard fork, is a good tool to rally a cause.

By the way, I'm not anti-ETC, I'm just anti people-who-think-major-thefts-should-go-unpunished-in-the-interest-of-unwavering-immutability. Besides, there are enough conversations on social media that handily dispel the fact that absolute immutability is a fantasy. Since this is one of the primary sticking points of ETC's cause, once people wise up to this truth, the house of cards will fall, if they don't for some other reason.

That said, I do appreciate your contributions to the cryptosphere. In the end, we are all doing what we feel is best and as a consequence, crypto will grow. And I cherish this common ground.