The Sturdiness Of Ethereum Classic

In a recent interview with CryptoInsider, the head marketer and vocal spokesperson at ERCDEV, Donald McIntyre, spoke about the sturdiness of Ethereum Classic. The interview was in regard to the involvement of the investor and CEO of Digital Currency Group, Barry Silbert as well as the importance of price in order to encourage the development of the ETC project. They also spoke about the blockchain consultant Giacomo Zucco’s anecdote in comparing cryptocurrencies and blockchain to the ‘three little pigs’.

Even though these topics might not hook you in initially, it’s still important to understand the ETC project and what makes it different from its brother on the Ethereum chain, and why the intellectual and financial effort behind Ethereum Classic’s place and how it’s position is special.

Although the interview was more a sit down chat with one another, one of the first things that was mentioned was regarding Zucco and how he compared cryptocurrencies and blockchains to the ‘three little pigs’ in the sense that some pigs like to build their houses out of hay or wood which results in them being burnt down, whereas those who care for security make them out of brick and stone so they will last long.

In response to this, McIntyre said:

“We are a Turing-complete machine and we are mostly honest and cooperative. But sometimes we also cheat, and in these systems that means that we need to have the freedom to defend our individuality all the time. We don’t need somebody else to tell us how our lives have to be governed, because that somebody else is very likely to be acting in his own behalf, not ours. So it’s okay to be the pig who wants to build the hay house, and it’s fine to be the pig who builds the brick house – strong and always concerned with security. And it’s also okay to apply those philosophies or lifestyles where they fit well. In the case of blockchains like Ethereum Classic and Bitcoin, they are specifically systems of very high security.”

Next, the interviewer went onto ask the marketer about the involvement of Barry Silbery and his company. He added that a lot of people observed that he was heavily involved when Ethereum Classic was gearing up to get a listing on Coinbase.

In response to this, McIntyre said:

“Barry Silbert’s participation in Ethereum Classic and Bitcoin are exactly what you see: he’s a very honest person and he’s an incredible advocate for these technologies and I think that he has been… I think that I send him an e-mail once because he is very criticized by people, and I told him that he’s a “net positive” (laughs). And when I tell someone or myself that I’m a net positive or net negative… when everything you do, some things are not really good but they’re mostly good – and I think that describes Barry.

All his investments, the risk he’s taking, he has skin in the game, really. He has all his capital in crypto, he has made incredible connections between Wall Street and crypto, and things like that. I think he already acknowledges that he wanted to help Bitcoin when he created or helped organize the New York Agreement. He wanted to put everybody together and come to an agreement because he really wanted to implement some solution to scalability, so it was a good intention. But, as we see, it wasn’t a very good idea for a blockchain.”