I have a hypothetical question. Let us pretend that a hard fork indeed happened. For this example let us use BitcoinXT as the new version to be used in the fork. If the hard fork ended up like the one that happened to Ethereum, who is to blame and what should be done? Now we have two Bitcoin chains and both have die hard supporters unwilling to let go for each.
The horror, the horror.
Are we afraid of the wisdom and function of free market capitalism? You know... that thing that's supposed to underpin the incentives of Bitcoin?
The price is besides the point here. The thing to learn from the Ethereum hard fork is that there were factors that they did not anticipate that would happen. Instead of doing only the hard fork, the original chain lived on and became a competing chain. The effect of it on Ethereum may be minimal because the network is quite young. So yes they have that luxury to make drastic measures. My question is how will this affect a more established blockchain like Bitcoin?