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Macro Investor Asks: Why ETC Is Not Worth $0 After 51% Attack

One macro investor asks why is not Ethereum Classic hitting $0 after the second 51% attack, as the fork version of ETH didn’t freeze the funds from the DAO hack and is under the spotlight as we are reading more in the upcoming ETC Ethereum classic news. At the end of July, there was a 51% attack on the ETC blockchain which means a single entity manages to obtain more than half of the blockchain’s hashing power thus allowing a reorganization of the chain. 51% of attacks can enable “double-spending” which is when a cryptocurrency can effectively be used twice…

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