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Ethereum classic is like continuing to mine real gold from the original gold mine and ethereum is deciding to not mine real gold but paint something else as gold from the original gold mine and selling it with the name gold

submitted by Crackinjokes to technology 1.3 yearsJan 16, 2024 16:58:30 ago (+1/-0)     (technology)

Ethereum classic is like continuing to mine real gold from the original gold mine and ethereum is deciding to not mine real gold but paint something else as gold from the original gold mine and selling it with the name gold


Furthermore then you decide not to mind at all and don't even let people see the mining and get in there and mining to prove that you're mining anything but instead sell a bunch of shares in your mind and tell everybody that because a bunch of other people have shares in the mind that certainly it's real gold.


This isn't a nutshell why I continue to believe that ethereum classic which is still mining what was the original ethereum when aetherium came out and became hugely popular will trounce and continue to exceed the appreciation of regular ethereum in this latest Bitcoin having cycle.


For those of you don't know what I'm talking about number one Bitcoin was invented about 15 years ago most people know what Bitcoin is in some way and it goes up every 4 years because the new supply is cut in half every 4 years.

After Bitcoin was invented somebody invented something called aetherium which basically was a blockchain that has an intrinsic value like Bitcoin but also allowed you to run computer programs on the blockchain which were supposedly uncontrollable by any human therefore no one could corrupt it.

Because this was the next stage in blockchain evolution and people were looking for this when ethereum was invented it was instantly adopted and it did very well and grew very well. What happened though was that some clever person figured out how to manipulate the computer programs to give himself a lot of the original ethereum. Now in my view and many people's view what he did was not technically stealing he just learned the computer programming better than other people recognize the loophole and use the computer programming to give himself a lot of ethereum. Well the original creators of ethereum didn't like this and so what they did was they went through and they rather remarkably use their influence to take over the blockchain and do what a blockchain was not supposed to be able to let happen and that is reverse the transactions that this smarter person had done to give themselves back the ethereum that he had figured out a way to accumulate.

now for people who are deep into cryptocurrency and understand the fundamental reasons why crypto is supposed to be better this broke all the laws of reason and logic and cryptocurrency because it basically showed that with this group of ethereum creators they had a way to overwhelm the system and control it via people rather than the algorithm and the whole thing about a blockchain is it's supposed to be so distributed that you can't control it that way but people otherwise governments could come in and just demand that these people change things so that's a big no-no.

Well when this happened there was a lot of people that protested and some of that group that protested refused to make the change that the centralized ethereum people made and continued using the original blockchain which contained the the ethereum coins that the smart person had figured out how to give himself. They figured out that it was better to have that flaw but keeps the blockchain pure then it was to allow personal manipulation of the whole system. so that block chain forked and became different than the blockchain controlled by the ethereum founders. The blockchain that did not change that stuck to the original principles is called ethereum classic. It is literally the original ethereum blockchain. It's pure and it has taken updates just like regular ethereum blockchain has but it refused to change things in terms of allowing people to overwhelm the blockchain itself. So ethereum classic can run most if not all of the ethereum programs it has all the advantages of ethereum it is the original ethereum with all its updates and everything but it's


Meanwhile the people who originally ran aetherium who decided to overwhelm the ethereum cryptocurrency blockchain and basically sort of reverse it all kept going with ethereum and they have more recently decided to make other changes. One of the key things about a cryptocurrency blockchain without going into too much detail is you have thousands of people who are incentivized to operate the blockchain in a format called mining where they use their own computers or pools of other computers to operate the blockchain independently of the separate the centralized group and this creates more independent verification that the blockchain is pure and it's not being gained and it's not controlled. This is called mining or distributed mining.

well a bunch of environmentalist idiots decided that mining used too much computer power and generated electricity rather it used too much electricity in therefore might not be green and these woke people decided to change the ethereum blockchain once again now this is the the new corrupted ethereum blockchain and eliminate the mining and distribution of mining among a lot of people and instead centralize it even more by doing something called proof of stake. Now I'm not going to get into the details of it because it's very complicated but basically what it means is you have a small group of people who throw in a bunch of the etherium that they own and therefore they get sort of a big super voting right to decide what is the real and isn't the real blockchain in transactions in ethereum. So let's review now what we're calling ethereum has two major flaws. Number one It reversed the original blockchain algorithm and cheated it and proved that it was essentially controlled which was bad and then number two it got rid of mining about a year ago because the woke mob was worried about electrical usage and they centralized control even more with proof of steak. The interesting thing is most people don't know any of this happened. Most people just buy ethereum which is now at about 2,500 going along not really realizing the significance of any of these changes but they buy it because it's still advertises itself as a theory aetherium even though what it is today is nothing like what aetherium was when it first became popular and became viable. The reasons that people invested in the original ethereum do not exist with what they currently call ethereum which is actually very different and a different blockchain yet it's still trades high it trades at 2,500.

Meanwhile the people that kept the ethereum blockchain pure which now identifies as ethereum classic didn't do any of those bad changes and it is the real aetherium it's still runs the original ethereum blockchain if you owned original ethereum you own original ethereum Classic as long as you owned it all before the split and if you invested in if they're in classic after the split then you own ethereum classic if you got way late off into the new aetherium blockchain your ownership separated from ethereum classic but the features of ethereum classic are what people were investing in when they originally invested in ethereum. Does that make

Now here's the kicker as I said most people don't realize any of this. And as usual people with the greater knowledge have a better chance to invest and do well. So what we're looking at is something that used to be aetherium that most people still think is aetherium is trading it $2,500. But the real ethereum the ethereum that has not changed it still has all the advantages of the original ethereum and is more distributed and less centralized that is trading at about 25 to $29 today. Now it's gone up about 30% in the last 7 days because people are starting to pick up on this. And in this next Bitcoin having cycle the people who've been around a while know that not only the Bitcoin go up a lot during having cycle but all the other alt coins also go up and in fact all coins often go up even more than Bitcoin does percentage wise and there are a lot of reasons for that and I won't go into it.

So what's happening is people are recognizing that they're going to be some alt coins that will probably go up even more than Bitcoin does during this happening cycle. They're looking for alt coins to invest in and they don't want to go by the latest fly by night altcoin that has no track record so they look at things like ethereum and the really smart people are realizing there is a huge price differential between the real ethereum which is now ethereum classic and ethereum which is really fake aetherium. It's no longer gold it's something else that's painted as gold. And the price difference is $2500 or $2,500 versus $25. Now you can argue that ethereum classic will never be as popular as aetherium and maybe the vast majority of people will never get it and never understand it but it only takes a small group of people to understand the switcheroo that is taking place and to put their faith in ethereum classic which after all has been around for 10 years just like ethereum has. It only takes a small group of people to start making this huge differential between $25 and $2,500 to start to narrow. Now I'm not saying ethereum will go down I kind of doubt it will although there is that possibility but I do believe that when you're looking at all coins to invest in for your secondary investments when this Bitcoin having cycle happens that it makes sense to look at an altcoin that is proven which is aetherium classic which is something that the vast majority of people agreed they liked when aetherium first came out and it is the real gold aetherium. It's not the fake gold aetherium that they're now calling ethereum. Aetherium classic is what people were investing in when ethereum originally took off and did so well. I think there's a great opportunity there. For openness I'm invested in Bitcoin I'm invested in ethereum and I'm invested in ethereum classic. But I personally believe that the thing that has the best chance to make the largest percentage gains in this happening cycle for the reasons that I have stated is ethereum classic. Because you've got the normal pressures of they having cycle going on but you also have the pressure that happens when a huge group of people suddenly realize that the real original ethereum which is now called ethereum classic is priced at around 25 to 29 dollars and the one that they thought was ethereum which is now a fake ethereum which is now something different is 2,500. So even if a small percentage of people realize that that is probably a very incorrect pricing discrepancy that means you have a good chance for ethereum classic to not only go up because of this happening cycle because after all in itself it is an ALT coin that has been around for 10 years and has a lot of followers. But you also have this secondary reason that it could jump even much more as people realize what they call aetherium now is no longer really ethereum and the thing that they originally liked which was aetherium is now called ethereum classic. And let's face it between $25 and $2,500 there is a whole lot of room to do some price correction.


No I just dictated this with voice to text so if there are a bunch of errors in it be careful when you read it and sound it out. Usually voice to text does not correctly translate the word happening h a l v e n i n g which is the process that Bitcoin goes through every 4 years where the number of new bitcoins being mined is cut in half. So if it calls it something else realize what I'm saying is h a l v e n i n g or have any as in cut in half.



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