"The Ethereum Classic is, in my opinion, a complete and utter farce by any traditional financial definition of the word" fraud ". It does not have the support of Ethereum developers, or the creator of the Ethereum, Vitalik Buterin, making it one vaporware (it is a software or hardware that is advertised by a developer long before its release, but it never gets to go into production, whether or not its development cycle was postponed) and altcoin created only in protest against the decision of hard fork of Ethereum. Now this initiative is valid for a "protest" against the hard fork of Ethereum community in such a way?
Even after a month of intense open and thorough debate, the community does not know whether or not to support the hard fork? I would say that any protest where the goal is to increase exposure and buying a altcoin that enriches promoters is inherently a very doubtful protest. But at a central level, it's just completely absurd as I describe in the video live today below, which, incidentally, broke my most personal record number of live viewers simultaneously. I'm thirty; time for me to start breaking some personal bests, dammit. Moreover, the fact that "Ethereum Classic" (in any way is classic like Ethereum) is being relentlessly promoted by the most vocal detractors Ethereum Bitcoin leads me to believe one thing: Bitcoin is not doing well. After its recent reduction to reward half (halving) now, miners receive only 50% of what they were previously rewarded by block, but the price per bitcoin did not fire in response to it - so now miners are subsidizing their losses in many cases .
These savings can not last forever. As more miners fall off the network, network security decreases, making the Bitcoin fundamentally less secure, as a record of all previous transactions on the network. Between the acceptance of Coinbase to join the ether at the beginning of last week, and the explanation of co-founder of Coinbase, Fred Ehrsam, the Ethereum why it was added as a novice "first class citizen" for the Coinbase platform, all stay clear.Trolls and bagholders Bitcoin push Ethereum "Classic" to an unsuspecting public - which is just another indication to me that Bitcoin is in a weak position.
Ultimately, however, my decision is based on economic self-interest. I see optimism and amazing ideas that is being built around the Ethereum, and I do not see anything close to this level in Bitcoin right now. Shortly after I present this story, I will sell 80% of my holdings personal Bitcoin; or, more precisely, it is becoming ETH by Coinbase. For the love of a record, I'm doing this conversion, while Bitcoin is approximately US $ 661.28 and Ether is $ 12.75. "