Ethereum is backed by Bill Gates and Microsoft, JPMorgan etc etc... Looks like they have unlimited money backing them. And ethereum classic only has got Greyscale investments?
Why are they choosing Ethereum Classic inspite of Ethereum? Please help me out here.
I also have read that Ethereum classic will fork again at the end of the year? Called Ethereum classic classic (ETCC) ?
If big companies are backing ETH, it is probably because they can control it, making it more centralized.
I do not know of any big companies backing ETC, but believe it will show it's worth in the long run.
Greyscale investments is choosing ETC because it is like a girlfriend/boyfriend you know will not cheat.
You can have absolute trust in that regard, bringing value to the relationship, there may be problems, but you can figure them out.
May sound silly, but I also believe that there is room for two Ethers:
One, ETH...very strong and backed by centralized interests that can get stuff done.
Another, ETC...when you want assurance that your contract will be what it is.
Thats good. Buterin has to much power in ETH because of centralisation. We saw what those investors did with Ethereum. +400%, after 1 month. Ethereum Classic will do the same. Investors are joining. Wait 1 month and BOOOM. That means that we need 1-3 weeks before we reach the moon. News is the same, pattern is the same. Community is waking up. Its time for ETC. Wake me up in 3 weeks please. I am going to enjoy this one.