THELOGICALINDIAN - Although things accept been almost quiet about the DAO for some time now a new development has occurred A ample bulk of Ethereum Classic funds was still acceptable for abandonment by the hacker As it turns out the funds accept been confused several hours ago However the ETC amount beyond exchanges is not dipping and the bill are not actuality dumped
Ever since The DAO got hacked, there has been a lot of focus on the acquired funds. Due to the technology acclimated by this concept, money remained bound for absolutely a while. But it looks like things accept assuredly appear to a abutting a few hours ago. While the ETH funds were anchored by white-hat hackers a while ago, there was still some ETC funds on the table.
As it turns out, the ETC funds accompanying to The DAO was moved to a new abode backward aftermost night. Contrary to what best bodies expected, the money did not get dumped beyond the exchanges. Instead, the Ethereum Classic amount has been captivation firm. Some bodies are apprehensive what the hacker will do with the money now that it is beneath their control.
The aboriginal adjustment of business for the hacker was to accord 1,000 ETC to the developer fund. As best bodies are able-bodied aware, Ethereum Classic is in acute charge of development. Getting bodies aflame about this technology is not ever difficult, but banking incentives can absolutely help.
At the aforementioned time, this is alone a baby allocation of the accessible funds actuality donated to a “good cause”. Dumping the funds beyond exchanges acknowledging Ethereum Classic would accept been a analytic decision. However, The DAO hacker never advised to do so, by the attending of things. Either way, it is an absorbing choice, to say the least.
The bigger catechism is what will appear with the blow of the money. It is accessible added funds will be acclimated to incentivize approaching Ethereum Classic development.For now, it is anybody’s assumption as to what will happen. We are still talking about over US$5m worth of “free coins” controlled by an alien entity, afterwards all.
It goes after adage this beating has been dispatch a new debate amid Ethereum enthusiasts. Abounding bodies feel the developers should accelerate a cease and abandon letter to the ETC developers for actionable the Ethereum trademark. Then again, Ethereum Classic is the aboriginal blockchain and cipher after the implemented adamantine fork. Rest assured there is affluence of ball to accumulate bodies entertained for abounding months.
Source: Reddit
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