JAKARTA Crypto founder Charles Hoskinson surprisingly considers that Ethereum Classic (ETC) is a dead project. This is Hoskinson's response to the miner tax charges for ETC.
As reported by U.Today, crypto enthusiasts who recently became members of the ETC Cooperative Council, said that what some consider taxes should be Ethereum Classic's ongoing development fund.
Cardano's leader went on to say he was disappointed with what happened to the project, stating that Ethereum Classic was dead and had no purpose.
I like how sustainable development funds turn into mining taxes. ETC still gives me sadness over what should happen. It's a goalless dead project or convincing real arguments to present beyond expectation, Hoskinson wrote on September 5, 2022.
What's also interesting is the request from ETC fans to return Ethereum Classic's official Twitter account to the community, which Hoskinson still has until now. Finally, they offered two options, one of which was paying millions of dollars for Ethereum Classic development, or agreeing that no one owed more.
Beyond the feud, the price of Ethereum Classic (ETC) apparently experienced a significant increase in the past week. ETC managed to skyrocket by 30 percent. Currently, ETC ranks 18th based on its market capitalization.
At the time of writing, ETC is trading at a price of IDR 598,288 per coin. The performance price of ETC has skyrocketed by 26.0 percent in the last 24 hours. ETC had incised an all-time high price (ATH) on May 6, 2021, at a price of IDR 2,384,500, based on data from Coinecko.
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