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by EGreg 1868 days ago
Alright, but even if they do, the original ETH token will be mined. Look at Ethereum Classic. It just recently pumped a lot. Which smart contracts run on it?

That's the thing. Read my analysis... it doesn't matter if something better comes along. As long as the tokens are around they can just be more and more scarce and go up in price.

1 comments

Many people in the field don’t expect that there will be a viable fork this time, basically all defi smart contracts that are now a huge part of ethereum (not the case at the time of classic) would break triggering a cascading chain of liquidations breaking the usability/viability of the chain. However the past has shown that a broken chain can somehow still be valuable due to irrational speculation so we will have to wait and see.
That and USDT/USDC on the PoW chain will no longer be supported