ThoughtStorms Wiki

Context : BlockChain, Ethereum

Quora Answer : Why do people still invest in Etherereum Classic?

Oct 20, 2016

This is fascinating.

As near as we could ever get, to a genuine experiment, in political economy. One which could deliver real empirical results.

The ETH community believe that in certain extreme cases, like undoing a massive "crime", some sort of "government" (for some value of "government") interference in a currency is legitimate.

The ETC people are the hardcore right-Libertarians who believe that for money to be "sound", no sort of government interference is tolerable. However plausible the justification.

Each of these political positions now has its own currency and economy, which are otherwise very similar, and we can watch which one does better. The one backed by a community willing to interfere when they see a need, and the one backed by a radical laissez faire philosophy.