It's funny, how fast the revolutionary artists/coders become the money hungy establishment.
When there are hughe amounts of money involved, people change their ideals, it's human nature.
There is too much money invested in Eth, they will make it work and keep on pumping it.
Imo Etc will not hold onces all the eth holders start dumping.
But I argue why do they need to dump? There is no good in dumping ETC especially if you're an ETH holder. It is more profitable if you support both. Even the miners think so. Some of them are mining both the original and the forked chains right now.
Why dump etc?
- You invented eth, and don't want a clone around.
- The 'hacked' coins can be dumped anytime.
- For 'mainstream' adoption, two chains is confusing.
We have between 17 and 33% of ETH hashrate. There will be two chains until ETH dies. Its no longer about price. Ethereum are crooks and will soon be under investigation.
Well they became a more or less centralised crypto, but Vitalik was in charge all the time, no secrets there.
Eth still has more money, and the dev team. Etc stated to copy all the code from eth in the future, this will not make this the winning chain Imo.
(I don't own Eth or Etc, I don't believe it can work. I think blockchain/ sidechains is something for the core devs to make secure and not for everyone who wants to give it a go. Look at the DAO. But still I think Eth will be pumped and maybe become a valuable centralised crypto)
ETH has the first mover and cash in hand advantage for sure but I don't know how much people will keep trusting Vitalik and his crew of thieves. Fork and steal rotation, not a healthy plan for the future. People need to remember, their sloppy code, ambition, and greed go us to this point where there is an ETC.
When the money dries up at space ship Ethereum, they will bounce to a new project and pronounce the next leap in blockchain tech!....that they control again. Ethereum not accepted.
And by the way things are looking, the money dried up last month and they are grabbing what they can with both fists.