The Ethereum split has sparked heated discussions in the Bitcoin community. Should BTC Classic be established?

Ethereum Classic has separated from Ethereum and has always retained the operating mode of the old chain. This major change in Ethereum has not only caused waves in its own community, but also triggered heated discussions in the Bitcoin community. Some community members even called for the establishment of Bitcoin Classic on Reddit. Let's see what they said below.

First, netizen doyourduty asked, why don’t we fork immediately?

Since ETC can survive well after being separated from ETH, why can't Bitcoin classic exist independently? We have been in a passive state for many years, now is the time to let go and do it!

This post immediately sparked heated discussions, and netizen Bitnicity launched another post: Let us build Bitcoin Classic under Gavin's leadership. Once successful, the market value will reach 3 billion US dollars.

Friends, the Ethereum hard fork has brought new insights and opportunities to Bitcoin. It’s time to build Bitcoin Classic. I guarantee that exchanges and miners (they are greedy anyway) will flock to it, and the market value of Bitcoin Classic will reach 3 billion US dollars. This will bring a windfall to everyone and solve the deadlock in the Bitcoin community. It’s a win-win.

Regarding this issue, some people clarified that Ethereum has been forked and Ethereum Classic is operating on the initial blockchain. In addition, some people analyzed the feasibility of Bitcoin Classic from a technical perspective.

Noosterdam said that if a fork is to be made, the PoW algorithm must be improved, after all, the current algorithm has friction and requires a large number of supporters. But if Core does not move, no matter how much consideration is made, it will be of no avail.

Daniel Wilc said that there is nothing wrong with forking, so Core developers also have the right to choose whether to release hard fork code.

But BitcoinFuturist replied: Bitcoin and Ethereum have different computing difficulties, so what works for Ethereum may not work for Bitcoin. In addition, no one can say whether ETC can develop in the long run. It is very likely to be attacked by 51%, and the price will fall to the bottom in two weeks. If we split Bitcoin Classic, the same thing may happen. It is not worth it to fork easily without the support of a large number of miners and users.

Capt_Roger_Murdock also said that the idea of ​​splitting Bitcoin Classic is terrible, and at present, the conflict between ETC and ETH has reached an irreconcilable point.

We have indeed been discussing the issue of block capacity expansion for many years, but there has been no problem. It is only in recent months that the block congestion has become serious, and everyone has started to pay real attention to block capacity expansion. But it is not to the point of splitting. I think patience is still very important. I agree with the point of view of a netizen who said: "I think the theory of the Berlin Wall also applies to Blockstream. First, the Berlin Wall existed for a long time, which was completely beyond everyone's expectations. Second, the Berlin Wall was torn down very quickly, in just a few days, and everyone was shocked. "

Trancephorm concluded that the ETC price has been falling, which is a waste of effort, so it has no reference value for Bitcoin. If ETC could reach 30% support at that time, the chance of success might be higher.