Ethereum Classic Community Divided Over Charles Hoskinson's Proposed Treasury Protocol

gepubliceerd op by Cointele | gepubliceerd op

Charles Hoskinson presented his idea for a decentralized treasury protocol to the Ethereum Classic community during a Discord call on August 13.

Hoskinson, who is the founder of Cardano and one of the co-founders of Ethereum, strongly believes that setting up an independent source of funding for development and innovation can ensure the prosperity of ETC.Hoskinson's proposal to change ETC's block reward allocation would mean that instead of rewards going entirely to the network's miners, blocks would allocate a portion of every reward to a newly-created decentralized treasury.

IOHK, a company which Hoskinson runs, has also apparently developed a technology that would prevent future 51% attacks.

Not everyone was enthused by Hoskinson's proposal, however.

"ETC would be at a very different place, Ethereum had an unfair advantage. All those people who wanted to do cool stuff like the chainlinks and so forth, they did their ICOs. That's how they funded everything. Our ecosystem was much more principled. We didn't succumb to the ICO mania."

It sounded for a moment as if Hoskinson was channeling Adam Back, who recently lambasted ICO projects, including Cardano.

His group has a vested interest in one of the biggest contributors to the ETC ecosystem, ETC Labs.

From the tone of his question, Wo appeared to perceive Hoskinson's proposal as a hostile takeover attempt.

Hoskinson jumped in before letting the moderator finish reading, directing his answer directly to Wo:."Because I was here in the very beginning, James, and I put millions of dollars of my own money in. I understand that you put money in and that's why I say we should split it up. But I was here in the beginning. I put my brand and reputation on the line."

Terry Culver, the CEO of ETC Labs, jumped in to interrupt Hoskinson, but was silenced by the moderator.

x