ETHW responds to ETC open letter: ETC has not grown in the past and will continue to be a "giant baby"

The Ethereum "The Merge" upgrade will inevitably lead to a hard fork of Ethereum. No matter what objections you hold, the community, exchanges, miners and mining machine manufacturers are standing on your side. If you have not realized this strong consensus in the past week, we have to use facts to make you realize this in September. This is not easy, but the world's magnificent, strange and extraordinary views are often in dangerous and remote places. We are willing to raise our arms for the community and make this attempt.

We have defused the difficulty bomb and completed testnet preparations.

As you said, "It is the easiest thing for miners to switch to Ethereum Classic (ETC) mining", but is it really true? ETH has accumulated 996 TH/s of computing power, while ETC has only 27 TH/s. Switching to Ethereum Classic mining sounds simple, but it is actually a difficult task for all miners. The small pool of ETC cannot accommodate the entire computing power pool of ETH. This is an ironclad fact. In the face of such an ironclad fact, this hard fork is inevitable. Even if there is no ETHW, there will be ETHX and ETHY.

Since its birth, ETC has never grown. In the past four or five years, it has been standing still, stagnant, and unable to establish any ecosystem. It is conceivable that ETC will continue to be a giant baby in the future. ETC has not been able to attract computing power pools in the past, and naturally it will not be able to take over the computing power pools abandoned by ETHPoS in the future. So whether it is willing or not, ETC can only learn to coexist with the newly forked brothers as soon as possible.

As for the concerns you have raised, we will respond to them one by one.

1. Language versions of various chains

There is no need to worry about this. Let's start with the Geth version. What you think is difficult is not that difficult. We will use the products to be released next to speak. As of the current node, our progress is:

• The difficulty bomb has been defused

• Chain ID has been updated

• Replay protection has been added

The core of the whole thing is not technology, but people's hearts. Looking back, the ETHW community was established less than half a month ago, why has it made such rapid progress? Why has the team grown so fast? The reason is that "decentralization" is what people want and what everyone believes in. We believe that after realizing the significance of "decentralization", PoW Ethereum developers will also join the revolutionary team.

How will ETHPoS progress in the next five years? Will ETHPoS still exist? It’s hard to say. Just in case, we think that all parties should unite to make hot backups for the decentralized DeFi and NFT world, compete with ETHPoS together, and leave another possibility for the world.

2. Wallet manufacturers and exchanges you are worried about

The aWSB community has set up a dedicated business group for this purpose, which is composed of volunteers from all over the world. As of today, 6 exchanges have supported ETHW's IOU and Future transactions. At the same time, several well-known wallet companies have contacted us and expressed their full support.

As for Metamask, even though it has issued a statement that it does not support ETHW, it is also powerless. Technically, adding a chain is just adding an RPC interface, and for wallet users, it is just a "click" on our official website. In terms of interests, even if Metamask deliberately makes trouble (after all, it has been bought out by people who own Ethereum), which business is willing to turn away 200 million Ethereum wallet users? A man who knows the times is a hero, how can a mantis arm stop a chariot be perfect?

3. Our website has no “useful” information

As mentioned before, the community was established less than half a month ago, and there are too many more important and substantial things waiting for us to do. We don’t want to do the vanity project of updating the official website. “Peaches and plums do not speak, but people come to them of their own accord.” Instead of writing a lot of nonsense, it is better to just say that we are “The Original Ethereum Blockchain Powered by PoW”.

As for the code update issue on GitHub, firstly, it is the code of Ethereum, which has been running stably for a long time and does not need major changes; secondly, we have already marked the necessary changes and tests and updates, which will be available before the end of the month; thirdly, the technical documents have been completed by Ethereum before, and we only need to simply organize them. Although these are just face-saving projects, thank you for your suggestions.

4. The merger time is short, it is too late to do anything

In this regard, you don't have to worry. In order to keep this PoW Ethereum running permanently and stably, volunteers from all sides have flocked to it regardless of time and money. We have established a core development team. Since the preparation for the fork, the main code changes have been completed and successfully entered the testing cycle. There is still more than a month left before the "Merge" fork in September. Use this time to conduct joint testing with mining pools, miners, and miners, and the time is flexible.

5. ERC assets on the forked chain will become invalid coins

You are worried that most of the ERC assets on the chain after the fork, including stablecoins and other DeFi/NFT assets, will become worthless: If nothing is done after the fork, it will inevitably cause short-term chaos. For example, on DEX and lending platforms, many hackers and scientists will use LP pools and contracts to do various arbitrages, which will cause asset losses to individuals and institutions (mainly ETHW).

The community is having an in-depth discussion on this point, looking for more thoughtful and specific measures to protect user assets. You are sincerely invited to join the discussion, but the aWSB community will come up with a fair and appropriate plan within two weeks to present to users of the entire ETH ecosystem.

"A leaf can block your view of the world, and you cannot see the mountain." Your view of the world of "unforkability" is precisely a manifestation of a leaf blocking your view of the world. You have not seen the demands from the community, exchanges, and miners, and you have not seen the world as it really is. Why will the hard fork succeed? Because it is in line with the community and the ecosystem.

Take the DeFi and NFT engineers and users in the community as an example. They missed DeFi Summer, they missed NFT Summer, and they don’t want to miss ETHW Summer again. After the ruins of “The Merge”, how to stake out and rebuild the Western era, how to shout out their own “Are there any kings, princes, generals, or ministers of different races”, is the ETHW Summer they don’t want to miss again.

Finally, regarding Barry’s tweet, “We fully support ETH PoS in addition to ETC, and will not support any ETH PoW fork. ETH miners should move to ETC to maximize their income in the long run. It’s that simple.”

I wanted to say something, but looking at the 3 million ETH and 12 million ETC held by Grayscale under Barry, I remembered the saying "the head follows the butt". I am sure I have a thousand words to say about this, but unfortunately the space here is too small and I can't write it down.

Have a good day,

ETHW