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RE: Ethereum Classic Gets More Interesting: More Developers and a New Monetary Policy
I don't re-steem very often, but I had to re-steem this one. The market is not a fan of potential unlimited amounts of a coin. I would say those that toss money into cryptos are more into deflation when it comes to their stores of value. If ETC really defines itself with a hard cap of 210 mile (10x the amount of BTC out there by next century) and if it sticks with POW then we could see ETC/ETH parity in 2017. The market has already boosted the ETC price simply based on the Bitcoin Magazine article that talks about the potential cap. This article also is a good one: https://btcmanager.com/news/ethereum-classic-considers-bitcoin-esque-monetary-policy/
i agree, i'm also not a fan of potential unlimited payouts. it's good we have experiments with all sorts of supply parameters, but my preference are for those that are limited. interesting thought re: ETC/ETH parity...we'll see. i see these changes boosting its relative value to ETH, but ETH still has the most valuable development and community around it. of course, things change with time, but for now ETH still has a huge lead.
This surge inspired me to make this post/video: https://steemit.com/ethereum/@bitcoinmeister/the-ethereum-classic-surge-explained-my-most-bullish-etc-video-of-2016-etc-learns-from-bitcoin I talk about parity possibility brought on by ETC solidly differentiating itself from ETH and at the same time replicating the strong aspects of BTC. 2017 could be very interesting for ETC.
Cool video, i agree with your sentiment on supply cap and their desire to stay PoW adding nice diversity to the mix.