The Classic ‘Release’¶
Ethereum ‘Classic’ is the original unmolested Ethereum block chain of the Ethereum platform. We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can’t shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone.
Ethereum Foundation responded to DAO debacle in the worst way possible. Special interests controlling the Foundation are ramming through DAO bailout hardfork against principled opposition of a significant economic minority of Ethereum stakeholders. According to (diligently hidden, pro-fork) coin vote on Carbonvote, 13% of ETH holders oppose this hardfork. Also, about 22% of Ethereum miners voted against the previous ‘DAO softfork’ and would logically oppose hardfork as well. Such a significant minority of stakeholders should not be silenced or intimidated into submission - they should be given a clear choice.
If we want to continue to move forward and guarantee survival of the original Ethereum vision, we must fork Ethereum. This will lay the foundation to build secure decentralized applications that are actually censorship resistant.
The main goal of the project is to ensure survival of the original Ethereum blockchain. We will strive to provide alternative for people who strongly disagree with DAO bailout and the direction Ethereum Foundation is taking their project. Anyone opting to remain on the original chain should have such opportunity.
A Crypto-Decentralist Manifesto¶
by: Bit Novosti
Blockchains are going to rule the world, providing a mechanism for scaling social and economic cooperation to an unprecedented level — a truly global scale. Such cooperation will involve not only human beings, groups and associations but also a growing multitude of increasingly independent artificial agents.
- Every blockchain creates a social network around its applications, with network value growing exponentially with the number of participants in accordance with Reed’s Law. This value isn’t extracted by intermediaries or controllers, as with previous centralized models. Instead, it’s shared among participants, providing economic incentives for cooperation without coercion.
- Not all blockchains are created equal. There are three key characteristics that make scalable blockchain-enabled cooperation possible: openness, neutrality and immutability.
- Openness is necessary. It goes without saying that the rules of the game should be open for anyone to see and understand. Anyone should be able to participate in any layer of the system without asking for any permission whatsoever. Anyone should be able to use the network in accordance with its rules. Anyone should be able to create their own client implementing the open protocol. Anyone should be able to contribute to network security, and so on. No registration, identification or other preconditions should limit participation. All such limitations prevent the network from scaling and their enforcement creates centralization risks.
- Neutrality is necessary. It’s important for anyone participating in blockchain-enabled cooperation to be on an equal footing with everyone else. It doesn’t matter if you wield huge economic power or only a tiny amount. It doesn’t matter whether you’re a saintly Mother Theresa or a vicious drug dealer. It doesn’t matter whether you’re a human or a refrigerator. It doesn’t matter what you believe in, what political theory you subscribe to, or whether you’re a moral or immoral person. A participant’s ethnicity, age, sex, profession, social standing, friends or affiliations, make or model, goals, purposes or intentions — none of this matters to the blockchain even a bit. The rules of the game are exactly the same for everyone, period. Without neutrality, the system is skewed towards one set of participants at the expense of others. In that case, it’s less likely to gain universal acceptance and maximize network value for everyone.
- Immutability is necessary. The blockchain is a truth machine preserving one universally accepted version of history, one immutable sequence of events. What’s true once is always true, regardless of political or business interests, and no amount of lobbying can change that. If it’s simply not possible to change history, then no resources are wasted on the effort. If there are any loopholes at all, then sufficiently motivated and determined interest groups will exploit them at the expense of others, diminishing network value for everyone.
- The rules governing the blockchain network are known in advance. They’re exactly the same for everyone and not subject to change other than with 100% consensus. Yes, it must be 100%. Because any change to the system’s rules that not all participants freely agree to creates a network split, diminishing network value for everyone.
It’s impossible to achieve these blockchain characteristics without the system being truly decentralized. If any aspect of the blockchain system becomes subject to centralized control, this introduces an attack vector enabling the violation of one or more of the key blockchain characteristics. It may be possible to limit participation (such as by enforcing AML/KYC rules), thus violating openness. It may be possible to enforce discriminatory policies (such as by filtering “illegal” transactions), thus violating neutrality. It may be possible to rewrite the history of events (such as by confiscating or “redistributing” funds), thus violating immutability. Introducing centralized chokepoints creates a precondition for the introduction of “blockchain intermediaries or controllers” who can siphon value out of the system at other participants’ expense.
So decentralization is the most important feature of blockchain systems, the one everything else depends on. With decentralization, blockchains will come to rule the world. Without it, they’ll be “contained” and railroaded into niche applications.
We decentralists are committed to keeping blockchains open, neutral and immutable. We’re committed to keeping blockchain systems decentralized. This informs all our actions and positions towards any developments in the crypto world and beyond. All attempts to violate any of the key blockchain characteristics should be fought. All changes to a blockchain’s rules that introduce new centralization risks or strengthen existing ones should be fought. Only developments that are clearly beneficial to decentralization or strengthen the three key blockchain characteristics should be supported and encouraged. The blockchain revolution won’t be centralized. Let’s make sure of it.