π² Insider Data in my Socials π
π Kucoin Payment Low cost Up To 60% π
π “Ethereum Evolution” Shirt π
π₯ TOP Crypto TIPS In My E-newsletter π
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πΊImportant MoviesπΊ
Final Ethereum Basic Vid π
Final Ethereum Vid π
Cryptocurrency Tokenomics π
Crypto Technical Evaluation Tutorial Half 1 π
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– TIMESTAMPS –
0:00 Intro
01:45 Historical past of Ethereum Basic
03:26 The DAO Hack
06:55 Ethereum Basic vs. Ethereum
10:21 ETC Worth Analaysis
13:24 Who Hacked The DAO?
16:54 Conclusion
~~~~~
βοΈ π Helpful Hyperlinks π βοΈ
βΊ DAO Hack Defined In Element:
βΊ Ethereum Basic Defined:
βΊ IOHK Treasury Proposal Ethereum Basic:
βΊ Slock It DAO Hack βApologyβ:
βΊ Ethereum Basic Pseudonymous Co-Founder:
βΊ Open Letter From DAO Hacker:
~~~~~
βHistorical past of Ethereum Basicβ
Based on Cardano founder Charles Hoskinson, Ethereumβs preliminary founders had two totally different philosophies about one of the simplest ways to develop cryptocurrencies
A few of them believed in the concept that code is legislation β what occurs on the blockchain stays on the blockchain for higher or for worse
Others nonetheless believed in mutability within the identify of innovation. In different phrases, if one thing dangerous occurs on the blockchain, steps ought to be taken to repair it
Ethereum Basic was created due to an occasion that put each of those crypto philosophies into query
π¨βπ»The DAO Hackπ¨βπ»
The DAO was created by a Germany begin up referred to as Slock in June 2016, and inside a month of launching over 150 million {dollars}β price of ETH had been deposited into the DAO sensible contract
On June seventeenth 2016, an nameless hacker drained 50 million {dollars}β price of ETH from the DAO sensible contract, equal to about 5% of all of the ETH in circulation on the time
After disagreements about how to reply to the incident, Ethereum forked on the twentieth of July 2016, creating two separate blockchains
The Ethereum chain the place the DAO hack by no means occurred, and the Ethereum Basic chain the place the ETH stays stolen for higher or for worse
π₯Ethereum Basic vs. Ethereumπ₯
Ethereum Basic is nearly an identical to Ethereum save for a number of minor variations. Ethereum Basic is dedicated to immutability β what occurs on the blockchain stays on the blockchain
ETC additionally has utterly totally different tokenomics than ETH. That is due to a change to Ethereum Basic in December 2017, which reduces ETC block rewards by 20% each 5 million blocks
It will proceed till ETC hits its most provide of 210 million 700 thousand, which is predicted to happen someday in 2042
πETC Worth Analaysisπ
ETCβs worth motion is as parabolic because it will get. ETC has gone up by greater than 20x because the begin of the 12 months. This rally started again in April, and there are three issues that might have triggered it
Most of this appears to be institutional funding by way of Grayscale. Grayscaleβs Ethereum Basic belief has been round since 2018, and the belief appears to be holding greater than 13% of all of the ETC in circulation
π΅οΈβββ Who Hacked The DAO?π΅οΈβββ
It appears obvious that the DAO hack was not pushed primarily by revenue, however by ideology. If it have been for revenue, the hacker would have drained all of the ETH from the DAO sensible contract
The general public letter to the Ethereum group reveals that this particular person is dedicated to the concept that code is legislation
Taken collectively, these details lead me to consider that the one that hacked the DAO is probably going one of many pseudonymous founders of Ethereum Basic
~~~~~
π Disclaimer π
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any explicit consequence.
#Ethereum #ETC #crypto #ethereumclassic #blockchain #DAO
Source: Coin Bureau
42 Responses
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Guy, can you look into htr pls
You said it best: code is flawed, because humans are flawed.
Kinda wish the hack never happened, but doing nothing at the face of exploitation is much worse than the banks. Back then slavery was the "rule of law" but that doesn't mean it is right.
It still goes down
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Another fantastic video….I just started mining this and Guy was the first and only source for me to learn more about it. Thanks to this I think ill stick with it a while until I have a nice neat little pile….hopefully it goes up in value π
Et(c)Hash*
This monotonous tone is so annoying
48 hours investment
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@7:04 … @7:15, @8:36, @12:30 ..π€ right.. :v
48 hours investment
A lot of people with high IQs are terrible investors because they've got terrible temperaments. You need to keep raw, irrational emotion under control
People thinking this is his own research and not ETC paying guy with crypto to do this video π©π©π€‘
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π have you accidentally bought ETC π€£
ETC TO THE MOON
its 60$ now! as of June 29th 2021…
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Thanks for this opportunity in technology
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βͺ+1.:6.:4.:6.:Β 8.:0.:1.:4.:0.:4.:7
I'm waiting for etc to move north
To say βCode is Lawβ is to not understand coding. Code is subject to error and optimizations. That ideology is so destructive and illogical.
Nice video….
Sry but ETC is the real thing β¦
ETH is just a overworked Project
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I believe etc will hit eventually 1 k and over thatβs why I keep holding and keep buying every times deep i know it will make me very rich π€ only patience band smart people can see that
You are a great orator
ETC YES? ETC NO?
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A worth learning #VLog
The way you present your video is awesome.
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Code is law
The rhymes got me through this video lol
Magneto
Coin Bureau GOAT
Iβm buying as much etc as I can. Itβs going to moon
Yes ETC is still a great buy.
GOOD CONTENT