ETC/ETC keeps dropping
1ETH = 125ETC
1ETH = 148ETC
This is sad, especially for us early backers of this project.
Has there been a technical analysis on ETC and why ETH is able to attract all the investment while ETC is still straddle shitting?
It's pretty simple. Most of the incoming investors do not know why ETC exists and even if they do they don't care. Cryptocurrencies have lost their way. An immutable blockchain is as intrinsic to cryptocurrencies as free speech is to a free country. What pains me about the growth of cryptocurrencies is not the new size of the community, but how the community has changed.
That's what mainstreaming things does to it. You don't get a surge of smart people joining, you get a herd of sheep joining.
The only thing good about these sheep is that they carry the wool. Which are so god damn important.
(wool is money)