Right, but people have to keep in mind that the DAO fork affected 14% of all Ethereum which today would be $4,000,000,000 worth stolen. We know for a fact they aren't hard-forking from the parity exploit, based on Vitaliks tweet. And, the DAO hack put the stolen funds into the hands of an attacker on top of it all, rather than just killed the contract locking the funds like the parity case.
However as much as I support Ethereum, Charlie Lee isn't wrong. If you are a fan of immutability in a blockchain, or atleast with Ethereum, you'd already be on Ethereum Classic right now. That isn't to say I agree with the DAO hardfork, however during the DAO hardfork like I said, 1. 14% of all ETH was at stake, but 2. This was when Ethereum was a lot newer and their reputation was on the line. If they didn't fork, it could've ruined Ethereum's reputation for years to come.
I don't support the idea of "forking" when a lot of money is stolen, but what I do support is the Ethereum Foundation and their team's goals and objective for their entire Ethereum project long term. So while I don't agree forking was morally correct, I also keep in mind that Ethereum isn't just a coin with a value. It is a token that has a usage, and is part of an entire eco-system, so when almost 15% of your entire supply gets stolen while your reputation is on the line because you're the new kid on the block, you have to do something.
I would be very very surprised to see Ethereum hard-fork again for any amount less than 25% of the total ETH supply stolen, but this goes for almost every other coin in existence. Charlie Lee says he would never fork Litecoin to return the money from the hackers hands to the people, but if Charlie was put into the scenario where 15-25% of all Litecoin was stolen, but not just stolen, taken from all his main supporters, I think Charlie too would be supportive of a hard-fork on Litecoins chain, as majority of people would choose to support Charlie in that decision, however if people disagree that's whats great about blockchains, they can keep the old-chain and maintain immutability like the ETH and ETH Classic scenario.
Hard forks are there for a reason, anyone can hard fork, its just up to the user on which chain they choose to follow.
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Sry 4 brick wall
Well Charlie isn't anti-fork. He believes in scaling, but he doesn't believe in rushing forks for this reason. Why fork BTC when it doesn't need to be forked? Why not wait until everyone is ready to fork to decide to try... Oh yeah, that's right, FREE MONEY!. I truly do believe that is the root cause of all of this.
Want to help solve BTC scaling? Simple, atomic swap between LTC and BTC over LN. Boom. I am a believer in LTC for the main reason that it does what half of these other coins are meant to do and does it better.
I'll save the LTC pump, but what I think people like Charlie Lee understands is that fundementals are what matters at the end of the day. Not the name (2X reference lol), not the logo, not the code, the fundementals. What's funny is that Charlie tweeted about added smart contracts to the LTC network lol. I mean, what better way to test out for the BTC network of smart contracts would become a thing. It would help keep BTC more relevant against cryptos like ethereum.
I am a supporter of Ethereum and I do believe that they have created a great product/platform. I do not hold ETH however, because I tend to shy away from diversity in investments, especially when you aren't dealing with whale like funds. One thing I do not like about ETH is its scaling issues, and honestly, with 98-99% of the world still to find out what BTV is, much less ETH, I don't think sharding and the multiple scaling projects coming up will help much, especially for a platform that is meant to not only handle transactions like BTC does, but other information like smart contracts. If the had to process as many payments/second as say Visa or PayPal, you are talking about a HUGE increase in block sizes, forks, and other problems.
I think as long as scaling is an issue, we will see forks. I think ETH can fork again, but that's just my opinion. I think it could fail if it tried to fork today or this year, but I can see it happening a few days down the line.
I would like to see BTC as a store of value much like gold, or held as an asset/savings, LTC as a currency (it's most fitted to do so), and other ICO and cryptos like Vertcoin, ethereum based tokens, doge coin, and others to be used as "fun tokens" or in ethereum's case, business and transactional tokens. (Doge is not on the same level at ETH, but really, what are most of these ICO even doing? To me it's just a giant money grab and at the end of the day a handful of coins will come out on top).
