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RE: Opinion: Ethereum hard fork severely undermines its usefulness
Totally agree. I just sold all my Ethereum and put some into Classic. I feel like I'm fighting back again big players who think they can do what they like without caring what consensus thinks.
They did care. That's why there are more people, higher price, higher hashing and dapps on ETH and none on ETC. How do you define consensus?
I'd define consensus as a coin having more miners, users, and overall utilization, which ETH undoubtedly has, at the moment. How much of that is being directed politically by exchanges and the Ethereum foundation? Time will tell. The people will vote with their money and hash power. It's a beautiful system. I THINK ultimately ETC will come out on top once people realize what the hard fork means. But I could be wrong. Either way it'll be very interesting to see how it all plays out.