OMG! Ethereum is going to hardfork!
Yesterday I reacted to this post:
My conclusion was that a lot of people have a lot of questions about the upcoming hardforks. I decided to spend some time and explain what will happen and what you should do.
What should you do? NOTHING. Yes. It's that simple. Why? Ok, here's the gist of it.
Hardfork = Update.
In Ethereum, hardforks have been planned and part of the roadmap right from the start. Ethereum started out as 'Frontier' then hardforked to 'Homestead' (where we currently are). Next fork will be 'Metropolis' which is divided into two separate forks: 'Byzantium' and 'Constantinople'. (This wasn't planned, but since some deadlines were missed, it got cut into two separate forks)
After Metropolis there will be another fork called 'Serenity'. This is when mass adoption is expected.
'But why is there ETC?' You might ask? 'Why will the current fork not result in a new token?' 'Why is it any different than the BTC-BCH fork we just saw?' Well, it's because Metropolis is NOT a contentious hardfork. ETC exists because there was this nasty thing called the DAO that resulted in a mass theft of tokens. This meant that the thief could have spammed the chain for like ever. So the community decided to do an UNPLANNED hardfork, to get back the stolen coins and ensure the chains stability in the future.
However, some bitcoin maximalistas didn't agree with that. They saw hardforks as the ultimate evil that would break the promise of being 'immutable'. These guys stayed on the old chain, mined the old protocol and kept the old reality (the one in which the thief got to keep the stolen tokens, because they said 'code is law, it wasn't stealing, the thief just used the code as it was written')
So a contentious hardfork means some people either split off because of ideological differences or they keep mining the old protocol because of ideological differences.
In the current case there are no ideological differences. This was planned right from the get go. So nobody will stay on the old 'Homestead' chain, there will be no 'HETH' & 'METH' (uhuhuh) there will only be ETH. The Homestead chain will die quickly and the Metropolis chain will be our new, upgraded reality.
I hope this clears up some of the confusion and that it will help you gain some Strangelove, help you learn to stop worrying and love the hardfork.
Can I be so frank and post my ether address here? Did you find this helpful? Give a fuck (token) or send me some ass. Or whatever you deem this post worthy.
Cheers!
0x0ecAC0621567A20022788ff676e4cb56914dE12A
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