Should something have been done earlier, probably.
Is FTC irrelevant, well, I'd say this is decided the same way price for a coin is decided, by anyone and everyone.
It might end up in a big nosedive, or it might be a huge success, nobody knows as of right now. I mean after all, we haven't switched algo yet so how could one know?


I find it interesting that everyone seem to deem the future of a coin purely based on how it's traded right now.

"FTC have a low price and low trading volume, hence it's an irrelevant coin that's going to fade away and die."

Does this really make sense? Will the trading volume or price never go up once it's gone down? I fail to see how this kind of argument is even valid in a discussion like this 


With that said, I truly respect your opinion smoothie, however I also truly believe that you're wrong about FTC being irrelevant