[nicksdjohnson]

> And my point was that if you look at ETH/ETC, the market is saying that they feel more comfortable with a known, trusted authority (i.e. small group of developers with trademarks and a conference schedule) than they do with true democratized first principles of immutable code.

But the fork wasn't a referendum on the governance model of Ethereum. If you picked ETC, you get your liberterian utopia - but you also get a chain where someone made off with 10% of the Ether supply.

[nugget]

Pre-fork ETH owners didn't necessarily have to pick one over the other. Miners had to allocate their resources between the two chains (but could split their bets, and some did so). Pre-fork ETH owners ended up with both chains in a kind of 2-for-1 special.

Every market transaction since then has been a referendum on which model the market prefers. Ultimately, the market price dictates a LOT of down-stream behaviors, e.g. some miners will switch back and forth between ETH and ETC (and other alt-coins) based on hourly yield.

[nicksdjohnson]

But that's completely beside the point: the point is that you can't have the libertarian-utopia-chain without also getting the hacker-got-away-with-his-loot chain.

[kolinko]

Well yeah, you can't have a libertarian-utopia chain. You can only have a libertarian chain.