Re: double spend as a feature

...except ethereum classic is trading at 0.92$ and ethereum-non-classic is
trading at 12.77$....together less than they were not that long before the
fork was first announced.  That said there are interesting incentives going
on wrt mining, and a full flight of capital hasn't happened, but still: not
quite the 'double spend both coins at risen price' effect

On 24 July 2016 at 16:25, Melvin Carvalho <melvincarvalho@gmail.com> wrote:

> Jesse Schell one said, "does anyone remember when the term 'viral' meant
> bad?"
>
> There is a very interesting development in digital payments this weekend
> when ethereum created a hard fork in order to redistribute capital.
>
> The community was split on whether or not this was a good idea, and in the
> end it happened anyway.
>
> But something strange happened.
>
> Someone created a fork of the original code base called "ethereum classic"
>
> What this meant was that anyone with a balance on either ethereum fork
> would automatically achieve a double spend of those electronic coins.
>
> Contrary to popular wisdom the market has responded by rising the price of
> both double spent coins, rather than, a flight of capital.
>
> We live in interesting times.  We now have two ethereum chains fighting
> for supremacy with different algorithms.
>
> Anyone who bought in has essentially doubled their capital, as of now, due
> to double spend acting as a feature, rather than a bug!
>



-- 
GENERATION 26: The first time you see this, copy it into your sig on any
forum and add 1 to the generation