As I posted over on lisk.chat....

I agree that chasing ETC is a risky move. But the key is the hash rate, not the price. ETC has set their difficulty rate to only 16% compared to 100% for ETH. This is a brilliant move in the ETH/ETC chess game. The greed of the miners is pulling them to support the much more profitable ETC. Over the weekend the ETH hash rate started to drop and is continuing to drop, while the ETC hash rate is growing and continuing to grow. Better than one out of every 5 ETH miners at 100% difficulty is now running ETC at 16% difficulty and the slide is accelerating. If this holds up ETC will have the longer blockchain and so more legitimacy than ETH in the next 48 to 72 hours. Once that happens I think there will be a very sudden flipflop in price. ETC could go to $11 by the end of August, maybe even by the end of the week. Here are some key links to look at / and watch:

https://etherscan.io/charts/hashrate

https://stats.etherchain.org/dashboard/db/hashrate-evolution?theme=light

http://fork.ethstats.net

https://slacknation.github.io/medium/13/13.html

https://etherchain.org/statistics/miners

https://bitcoinmagazine.com/articles/how-the-great-ethereum-schism-can-end-well-for-ethereum-classic-part-of-1469905980

Another key point is that ETC has the power of being right. ETH / Vitalik promised to be immutable. They / he lied. That fact wlil sink in to people's minds over the next week or two.


If that's what it looks like to you, then you need glasses.

I wear Gargoyles.