The last weeks in the Ethereum world were not boring at all.
First the "DAO" was created and funded with 14% of all Ether yet in existence. Huge success. Most of the
community was excited.
Then the DAO Hack happened and it was clear, that it is not easy to code a smart contract "bug-free". A bug in this
terms is an execution who was not intended to be this way.
The Ethereum Community stood for a tough decision to fork and erase the attacker transaction or not to fork. Both ways were not as good as anyone wished they would be.
Fork, and make a immutable Blockchain mutable or not fork and harm a big part of the community and give the attacker a big stake for the coming change into POS.
The miners decided to fork and this could be the end of the story, BUT
YOU CAN NOT KILL A BLOCKCHAIN
ETC - Ethereum Classic was created or they claim they are the "original chain". Interesting is, in the past Ethereum had to fork for upgrading their protocol and none complaint about immutability would be broken. The argument was
"code is law".
they were not happy with the fork and mined the original code. Now they are claiming they hold the true intention to the community and they will upgrading everything into their chain. But if they just copy and paste code from ETH the forked chain - can they claim them now the original anymore?
A blockchain lives with the Devs and will die slowly if the DEVS are moving. If most of the devs coding for ETH this is the Ethereum blockchain without question.
Interesting
A pool is forming on www.51pool.org to attack the ETC chain. The mining ETH at the moment, but if they get enough hashingpower they will make a 51% move to the ETC chain.
A discussion you can find on reddit https://www.reddit.com/r/ethereum/comments/4vf7fj/51_etc_attack_pool_mining_eth_until_hashrate/
To summarize, I think the fork created two communities and they will not be on good terms. They disagreeing in a fundamental view and do not recognize that the decision was hard to make and it was clear the outcome would not satisfying everyone. This will hinder the development of Ethereum and will give new opportunities for competitors.
Best of posts of the mentioned reddit thread:
[–]BusyBeaverHP
The ETC believers' creed: if the code can execute it, even in the event of theft, then it must be allowed to run unabated.
Since this 51% attack pool is nothing but code as well, they should stick to their immutability principle and watch the free-market fireworks.
[–]spookthesunset
Yup. Cheer on your worthless alt-coin. Immutability is what gives ethereum any kind of use. Toss it out and you are looking at a shitty, slow expensive version of amazon lambda. What is the point of that?
[–]DeviateFish_
Honor? Loyalty?
The ETH community gave up on both of those when they sacrificed the principles of their beloved blockchain for the sake of $50M.
[–]the_bob
I wonder if the creators of this pool understand the legal implications of disrupting (or under the more legal name: "hacking") a competing currency for financial gain?
[–]nootnewb
Normally I would be against it. But in this case would love for them to get a taste of their own medicine. The code allows it right?
[–]Willidungl
So the two Ethereum chains are at war now? You have to wonder who is behind this and who would profit from such a situation of infighting, disturbances and waste of time.
And this is my personal highlight:
[–]the_bob
"Code is Law" refers to Ethereum smart contracts, not the protocol.
Who said that? A blockchain is not immutable, this is a misunderstanding. If consensus exists it can fork, change or do what ever the power users decide. In Ethereum these are the miners, on Steemit the whales do it. It is not a big deal. If you get hooked on crypto because it is immutable - good luck! You will find not such thing with a blockchain.
