The surprise that Ethereum Classic (ETC) was born as part of the Ethereum Hard Fork (ETH) is somewhat digested. However why the price of ETC continues to rise is difficult to comprehend (at the time of writing the price of ETC is USD 2.70).

Welcome to Ethereum Classic. We believe in a decentralized, censorship-resistant, permissionless block chain. How to mine etc?

ETC should theoretically behave like the dead skin dropped by a snake which does not require it anymore. Yes, in the past, there was a purpose to that skin, but like the growing snake requires a fresh and bigger skin in the future, the Ethereum ecosystem does as well. ETC should remain as the past protocol, impaired by the DAO debacle. It is incapable of evolving, as chocked by the immutability and non-forking promise of its promotors. Like dead skin, it should be abandoned with good reason.

Vitalik Buterin, even if the price of ETC overtakes the price of ETH. Based on, the Ethereum Foundation will focus its resources on the development of ETH as well.

Subsequently, Vitalik received the backing of the who is who of the Ethereum Community. Just follow the replies of the Twitter links above or google 'I am working 100% on ETH' and complete your search by adding the name of your favourite Ethereum celebrity to confirm. About every single project that matters in Ethereum's ecosystem seems to support and and will run on ETH.

ETC will be left out. See this for a listing ETH supporting projects. Of course, projects and the respective might be copied to ETC. Gulden NLG Mining With Gpu 2018. However, lag and friction are presets of such undertaking. As a result, ETC will always remain as the second best option vs. And worse, for the future Dapps to run on ETC, ETC will have to implement the same updates like ETH, in order to enable and any other brilliant upgrade that waits for its invention. How can the immutability and non-forking promise be kept while ETC has to follow ETH by every upgrade step it takes?

ETC goes currently for a high price for several reasons. ETC is still a pretty decent crypto asset compared to its current alternatives. ETC is a neat trading opportunity and thus greatly pumped by traders. ETC is being held as a hedge for the phantasy that it could overtake ETH. However with the facts at hand, that is probably not going to happen. More likely ETC will cripple and be abandoned like dead skin.

Other crypto assets will evolve and overtake ETC, traders will dump it, and finally: the phantasy bursts. What will matter in the future is ETH. The big problem ETH faces is govt regulation and govt mandated hardforks. Having done it once, it cant say it wont do it. Also any ETH tech is ETC tech, all this talk about ETC not having devs seems like saying LTC has no tech future. But LTC keeps on forking bitcoin and benefits from all the bitcoin devs. So ETC has a tech future, granted it is in a follower position, but at its marketcap it could easily hire devs for its own unique tech.

Also, ETC is as profitable or a bit more profitable to mine than ETH, so they do. Miners like money and if ETC gets them more money, they mine ETC. My prediction is that pareto effect will make one of them 80% and the other 20%. Not sure which one yet, ask me after the first govt 'request' for ETH to hardfork. The switch to PoS is due to the fact that PoW is unsustainable - those miners who have made massive investment in GPUs to-date are experiencing rapid diminishing returns with these DAG sizes - 'they may' swtich to ETC just to get a little more life out of their rigs, but there is no sense in them continuing to load up on hardware for ETH. ETC, if it has a future (which I doubt - it should not), will face the same need.

Those serious folks who wish to use the technology are not going to go with a bunch of opportunistic malcontents, they will follow those that created the tech in the first place. There is very little chance that ETC will overtake ETH in its current state/price/etc, and def not in the future, as the most capable developers will be working on ETH, and it will be there where the real advancements are made. ETC is a short-term novelty that some have made a decent profit pumping and trading, but its end is nigh. Vitalik Buterin confirmed via Twitter that he will work 100% on ETH and still won't support ETC, even if the price of ETC overtakes the price of ETH.

One should take Vitalik's word with a grain of salt. If he were so anti-ETC, then foundation's ETC holding should have been dumped by now.

Many early ETH holders dumped their ETC for a few Satoshi because they believed foundation will put their money where their mouth is. But, that did not happen. Foundation is still holding ETC and thereby helping the ETC price to grow. I am not an expert on the matter. But I wonder how you know this?

I read several articles that gave me the feeling there are people working on ETC with a lot of seriousness. Do you have a boll of glass that told you this, or are you just talking from what you wish that will happen? I am not saying that ECT will become important or crash. But you state it like this is a given certainty.

And I tend to disagree with your view. Some people now just got the old ETH for free. They would be stupid to throw away such an opportunity by messing this one up. Vitalik is not the sole dictator of the blockchain, and that's the only reputable citation in this post. In fact, if anything, this post only gives Ethereum Classic more merit. Here, from Ethereum developer about immutability.By the way I had a false assumption about it too, it was a shocking experience for me to find out that some people inside the foundation actually support the idea of intervention.

I thought we all agree that there should be no higher “justice” than the result of EVM execution and the “stolen” money is the rightful property of the “thief” and we should be proud of creating a system that can protect his/her property even amidst public outrage. He had some insights on social contracts as well At this moment, interestingly, the** old “classic” chain is the one that already has a better human consensus** about this question. It’s the one that hasn’t been changed, but splitting off the majority of its value into a new chain changed its implied social contract. And then he wraps it up by basically negating the assumptions made in this steemit article P.S. It’s nice to see that the guys behind stand behind keeping the old chain alive, but let’s make it clear that we (the Ethereum developers) have never abandoned it. We never forked the chain.

We have implemented a switch in our client to give users a choice to fork if they want to and that’s all. The “Ethereum Classic” chain is just as much our child as the forked one and if both of them survive (which is the users’ choice, not ours), then I intend to take care of them equally in the future too.

Aside: I don't care either way, but there's so much FUD propaganda against Ethereum Classic someone has to provide balance. ETC is just original ETH! The only difference is ETH is the clone coin with the bailout and all the bad investors that caused all these problems. It is like if we hard forked BTC for the Finex hack, cloned BTC up, erased the hack, renamed the clone BTC, and then took your original BTC and said it is worthless BTX or something and sold it for nothing!

And then we get all these people that are trying to convince us that something that they originally loved is junk, and the clone is better- Classic VS Weird Bailout Clone! The more you say how bad it is the more it makes me want to buy! I too thought that Ethereum Classic wouldn't last long. But it looks to have staying power. If there's one thing I've learned about investing in crypto, it's that you have to go with the flow and be flexible enough to recognize that the markets don't care about your opinion. The markets can stay irrational much longer than you can stay capitalized.

I view the rise of ETC as basically the crypto equivalent of a stock split. ETH lost value in the split, but all ETH holders got free ETC, and the combined value of ETH+ETC has remained pretty consistent near the pre-fork price of ETH in BTC terms. So I think that's the proper way to value Ethereum going forward: you have to look at ETH+ETC as a whole. Anytime I buy ETH, I will also buy a matching amount of ETC.

They are two faces of the same coin. And just to be clear: I don't care one bit about the purist ideals of the people who kept ETC going after the fork. I just care that I can make money from it! If ETC overtakes ETH, great my ETC will be worth a lot. If it doesn't, then great my ETH will be worth a lot. If they both rise in value, great!

It's a win-win situation. So keep calm and hodl on!