Best Altcoins | Ethereum Classic Coin | Ethereum Classic ETC
155Best Altcoins | Ethereum Classic Coin | Ethereum Classic ETC
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Welcome to Our Best Altcoins Video!
Build Unstoppable Applications
As incumbent institutions are increasingly threatened by the wild potential of blockchain tech, only truly decentralized cryptocurrencies will survive.
Existing in response to contract censorship on sister chain Ethereum, Classic has proven its ability to resist censorship against all the odds, and to deliver the original Ethereum vision of unstoppable applications.
By combining the technology of ETH with the philosophy of BTC, ETC is uniquely positioned to be the Smart Contract Platform of the future, as other chains become compromised or captured by special interests.
Many of those involved with Ethereum before the DAO Hack were under the impression that Ethereum was hoping to do precisely this: be built on top of the well-established core ideas that Bitcoin provided but add on additional functionality in the form of a Turing Complete Smart Contract Platform.
But as The DAO Hack showed, this was not the case. What is now known as Ethereum has very little to do with the decentralist values that Bitcoin was created to embody.
The decision for The Ethereum Foundation to abandon the decentralist values that were used to entice contributions was unfortunate but created a vacuum that ultimately further refined the meaning and importance of those values and birthed a project whose mission was to continue that Original Ethereum Vision.
Ethereum Classic, even more so than Bitcoin itself, exists as an explicit reminder about the importance of decentralist values. There were many who didn't understand their significance at the time, but many others saw the truth that decentralization was the very point, not just an annoying obstacle to overcome.
Since the chain split, the design choices and philosophy of Ethereum Classic have come to recognize the genius decisions made when constructing the original Bitcoin protocol.
Immaculate Conception 2.0
Much like Bitcoin, Ethereum Classic can be considered a divine entity due to the circumstances of its miraculous origin.
As explored earlier, Ethereum Classic's creation story is almost certainly impossible to recreate or happen by accident ever again.
In some ways, Ethereum Classic's conception is even more "immaculate" than Bitcoin's; it was not planned at all, by anyone, and unlike Bitcoin, Ethereum Classic has no Satoshi, meaning that there is no Satoshi to return and influence decision-making, which is theoretically possible in Bitcoin.
Ethereum Classic is also the only blockchain project seeded with a follower base that was 100% focused on the principles of decentralism. Despite the risks, they went against the official Ethereum™ project, self-selecting specifically because of their reaction to The DAO incident and the abuses enabled by centralization.
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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⏰ TimeStamps ⏰
00:00 - Ethereum Introduction
00:31 - Ethereum Explained.
12:11 - Recap.