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Why is ethereum classic going up faster than both Bitcoin and ethereum?

Here's the answer


Ethereum classic $Etc is up 28% over the last 7 days.

Ethereum $Eth is up only 15% over the last 7 days

and bitcoin $Btc is up 21% in the last 7 days.

So why the difference?

It's really simple. Ethereum and Bitcoin are the two most established well-known well traded and most trusted cryptocurrencies out there.

Bitcoins trading at around 61,000 and ethereum trading at around 3,300 today.

What most people don't know is that the ethereum of today is not the original ethereum and the ethereum of today has changed substantially and in a very bad way compared to the old ethereum.

Yet ethereum classic is the old ethereum. It runs the early same blockchain as ethereum before the gurus that control ethereum decided to break the confidence of those who believed in the blockchain and try to manipulate the blockchain.

Right now ethereum classic trades at $33.

So imagine this:

two people have the exact same car and it's a very good car. One of the cars is owned by a very famous guy and the other is owned by someone who's not famous. The guy who has the famous car decides he's going to change something important about the car. they basically let's say turns the gas engine into oh I don't know something that runs on natural gas. Everybody likes the famous guy so they all continue to support the car that's changed from what it was to the natural gas car because the famous guy is the famous guy and everybody hears about him. And the value of the two cars go up but the car that's owned by the famous guy goes up more. But then the famous guy gets woke and he decides he doesn't want his car to run on gas at all. he wants to make it electric. He wants to make it private electric. Now this is very comparable to what the famous guys associated with ethereum did to ethereum. They decided that mining which is the distributed creation of new ethereum by a huge network of people that's almost certainly undefeatable and unbreakable uses too much electricity because they talked to too many woke climate change idiots so they decided to make ethereum no longer minable. Instead it's a bunch of people who bought into ethereum in large chunks and they control what goes on with ethereum.

so let's go back to our car analogy and just say the guy who's the famous guy who owned the original car that everybody loved first changed it to natural gas then he changed it to electric so it's no longer at all what the people who originally loved the car loved about the car. It's no longer fast
it's no longer independent and it's just a woke monstrosity but because the guy's famous and most people don't really know the details of anything people continue to value the famous guy's car highly.

But some people do know. And those people go back to the original other car that was what everybody originally liked that was not owned by the famous guy. That's ethereum classic. And ethereum classic is the original car that everybody liked and everybody valued but it just wasn't on by the famous guy.

Meanwhile the famous guy's car has gone up and up but everybody forgot about the other car and the other car is selling for one 100th the price. Now it's the original car.
it does what the original cars were meant to do. it hasn't gotten woke. it didn't switch to electric. it didn't get rid of mining. it runs on the original blockchain and it runs all the programs at the other one does but it's trading at 100th of the price.

That's ethereum classic trading at about $33 while woke ethereum that's been changed trades at $3,300!

So is it any surprise that the more people learn that the original ethereum has been changed and altered just like that car owned by the famous guy was but the other car that was originally what people liked with distributed mining and all the other things that runs the original blockchain and runs all the ethereum programs and all the ethereum languages is sitting there at 1/100 the price?

Is it any wonder why people looking at that don't say "wait a minute actually not only is this one the original ethereum and not only is it not going woke and not only does it still have miners provide all kinds of safety and support and value functions to original cryptocurrency but it runs all the programs does all the other things and it's one 100 the price!"

So don't be surprised when during the halving as Bitcoin going up and everybody and dragging all the other cryptocurrencies up with it if ethereum classic doesn't go up and continue to go up more than all the other cryptocurrencies just like it is doing now. Because it's got two things going for it.

Number 1. it is ethereum. It's the original ethereum that hasn't been changed and didn't go woke.

And 2. it's trading at 100th the price of its matched pair woke ethereum and more and more people are going to see the disparate value in ethereum classic.

Etc symbol is Ethereum classic

Non woke and original with full miner support

Eth symbol is Ethereum. the Ethereum that was changed and went woke and is more centrally controlled and no longer supported by miners.

Discloser. I own some of both but I expect my ethereum classic holdings to grow at a much faster rate than my ethereum holdings for the reasons stated.

It's just an opinion and this is not Financial advice.

Post sectipt

The famous woke guy is of course Vitalik Buterin. The newly woke cryptocurrency billionaire who programmed the original ethereum or much of it and now abandoned most of what he did principal wise.

He got woke and eliminated miners from ethereum around 2022. Most people who are investing in crypto still don't understand the DraStic change that this indicated and the insecurity of the following ethereum and the step away from one of the founding principles of a cryptocurrency blockchain which is a distributed Network that is very hard to hack or overcome with a 51% attack

https://www.cnbctv18.com/cryptocurrency/explained-how-ethereum-update-will-drop-miners-cut-power-use-by-999-10389761.htm

For more about ethereum classic and why it is better than ethereum because it retains the original Ethereum vision visit their website

https://ethereumclassic.org

For more about why ethereum classic is the original ethereum and better than the thing that is now called ethereum look here

https://ethereumclassic.org/why-classic