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/biz/ - Business & Finance

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19417497 No.19417497 [Reply] [Original]

You heard it here first. ETC is the same thing as ETH now at a fraction of the price with the Phoenix upgraded in a couple days + ChainBridge. You can now turn your ETC into ETH at a 1:1 ratio making ETC completely interoperable with ETH 1.0 and 2.0. Because it is the exact same code, you can essentially buy gas for the ETH network at a tiny fraction of the price by buying ETC to lock up in order to mint synthetic ETH. ETC is a sleeping giant.

https://icoexaminer.com/ico-news/a-classic-bridge-to-ethereum/

>> No.19417526
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19417526

>>19417497
should I go all in? is ETC going to climb to ETHs price?

>> No.19417552
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19417552

Someone smart plz fud this before I FOMO

>> No.19417577

>>19417552
yes please. give us fud or I'm putting all my usdc into this

>> No.19417582

SOMEONE FUD THIS RIGHT THE FUCK NOW IM FEELING THE FOMO TOO AHHHHHHHHH I CAN BUY ETH FOR 7 DOLLARS ?!?!?

>> No.19417585

is this why the price jumped today?

>> No.19417592

>>19417552
>Reddit coin
>going to $80

There you go

>> No.19417600

>>19417592
Gonna need better fud than that I’m fomoing even harder now cause that fud was so weak

>> No.19417608

>>19417592
PLEASE MORE FUD THAT'S NOT ENOUGH I THINK I'M GOING TO BE SICK

>> No.19417616

Looks like it's not 1-to-1. Seems that this allows you to trade ETC for an equivalent ERC-20 on ETH.

>> No.19417630

Not only will etc become eth but it will take the lion share of eths current mining power and become the low volume high value base layer for eth 2.0.

Eth will be for high volume low value tx’s.

Then you have the locking up of ETC tokens like staking (can actually be staked with rocketpool) while also being PoW

There’s a reason why grayscale and coinbase have such high regards for ETC. Coinbase chose it as one of 4 coins to be offered for institutional custody.

>> No.19417632

>>19417582
Itsnot 1:1 you just get your ETC at current value but as a wrapped token on ETH

>> No.19417633

Also Tornado Cash works on ETC too since it’s completely interoperable with ETH so now you can have trustless privacy on both eth and etc

>> No.19417639

1:1... my sides..

>> No.19417645

>>19417630
The locking up of ETC to be used on ETH should lower the supply of ETC quite a bit too. ETC is easily worth a few hundred bucks

>> No.19417666

so this is not some sort of fork event and nothings gonna happen? phew