You may not be happy with it but it exists. If anything it has more legitamacy than ETH - by definition ETC is THE original chain, ETH is the modified clone.
If you want anyone to blame for all this blame the Slock.it guys. They were warned of the DAO issues at arrogantly laughed them off. Had they not done that we might have been in a completely different place.
Then to add insult to injury they never apologised and pushed through with a HF that a lot of people had reservations about. When the HF passed they started to gloat and were as arrogant as ever. Seems like Karma has come back to bite them.
I agree this might harm the crypto community but the put the blame where it belongs.
I second that this is the only chain that has legitimacy. I believe it is a free market decision with a bit of philosophy behind it all.
That's what it seems like but there may well be manipulation involved too. It seems it always is in crypto.
You're right....there always is some kind of manipulation. I know there are many out there that know the crypto-space way better than I do and have been developing in many different platforms for years. I still know that the consensus of many (not necessarily the majority) can impact over-arching decisions.
@jonnyrevolution It's not just the crypto space. It's life in general. The established banks and institutions are just as corrupt they just have had longer to develop methods to hide it.