A new prediction market on the Augur (REP) platform has provoked a major debate in the crypto community. Users can now bet on whether they believe that Coinbase will delist Ethereum Classic (ETC) by the end of 2019.
The recent 51 percent attack on the ETC network led to the loss of a significant amount of funds, although the price of ETC wasn't affected as negatively as might have been expected. Many have started to speculate about the future of the crypto, in the wake of this potential damage to its reputation.
Read more: Is this the end of Ethereum Classic (ETC)?
Users of decentralized prediction platform Augur can now back up their speculations on the fate of ETC with real capital, placing ETH bets on the outcome of "Will Coinbase, Inc (coinbase.com) delist ETC trading pairs on the Consumer exchange before Jan 1, 2020 12:00AM UTC?".
The bet has drawn the attention of Cornell professor and crypto commentator Emin Gun Sirer, who described it as an "assassination market for ETC". This is a reference to the infamous markets on Augur where users can bet on the murder of President Trump and other leading public figures.
This is, in effect, an assassination market for ETC.— Emin Gün Sirer (@el33th4xor) January 10, 2019
Sirer seemed to think that the apparent lack of security on the Ethereum Classic network would eventually force the leading crypto broker to delist ETC, in order to protect its own reputation, although others believed that it wouldn't take any action unless it actually lost money directly.
Coinbase has a reputation to maintain. They can't be seen to be propping up a coin that's unsafe to transact.— Emin Gün Sirer (@el33th4xor) January 10, 2019
If you're interested in more forecasts and predictions for 2019, check out this Chepicap article, where we round up what a host of crypto experts have seen in their crystal ball.