Mainstream Media’s Irrational Criticism Towards Ethereum Classic and Bitcoin
After the successful execution of the Ethereum network’s first hard fork, mainstream media outlets, including the Huffington Post, criticized the supporters of Ethereum Classic, calling the project aimed to maintain the original chain of Ethereum “another Bitcoin scam.” David Seaman, the author of an article entitled “‘Ethereum Classic,’ Another Bitcoin Scam,” laid out a series of irrational arguments to supposedly prove the invalidity of Ethereum Classic, both philosophically and economically. Because some people lost too much money? The first argument presented was the justification of....
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Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....