I completely missed the boat on ETH and I'm still pissed about it. But I still don't get it. If decentralized applications ever take off, won't using ETH be prohibitively expensive at this price? Such that a cheaper alternative will instantly take it's place?
Cost of gas for computations is price-adjusted, so shouldn't increase in real terms until there is competition for block space.
It's an attempt to change governance and to accomplish such in the form of a hard fork.... A hardfork is not necessary. so why agree to something that is not necessary and that is problematic and that is going to set bad precedent for future take overs.. especially if they agree to either a hardfork or a change in governance.. ?
Primarily because the alternatives appear to be either ossification or radicalism, neither of which are appealing.