Ethereum has gone up $30 within 30 days

You stated Bitcoin dominance plummeted. My observation is Bitcoin's dominance has increased, by way of it's increase in market cap compared to the fiat by which it is measured, US dollars. Bitcoin's overall value, like any startup or company, is determined by far more than it's comparative value to all other cryptocurrencies, who's numbers are increasing with Bitcoin's value. It's like saying, because new startups are being formed at an increasing rate to write mobile apps, Apple's "dominance" in the market is falling. That would be a flawed argument with Apple, and it's a flawed argument with Bitcoin.

That is especially true given Ethereum doesn't have a viable use-case anyone is using it for right now, and most of the trading is simply speculation of future value, which isn't really value, or a right to "dominance", whatever that means when applied to speculation.

And yes, people can cherry pick numbers to rationalize their arguments, and then vote down people who they "prove" to be "wrong" when the person is just asking to clarify what something means because there is CLEARLY more going on here than what meets the eye. I'm growing bored of the HN audience's dogma.

Yeah they do... that read really funny to me.

> I would follow ETH only because it's backed by the original developers. The reversion happened only because member(s) of Ethereum Foundation personally invested in DAO, so they easily could and did push hard at the root (devs).

The much bigger problem was that they didn't want anybody to control 14% of all ETH with the switch of PoS on the horizon. This was IMO the most pressing issue. That people got their ETH back (well, those who didn't panic sell) was a nice side-effect which convinced people to follow the ETH chain.

> Even with all that, there's no certainty that another big mistake will be reverted by devs' will or even be technically possible having to deal with Turing completeness and zk-SNARKs "soon (TM)".

Yeah, only because of some quirks on how TheDAO is implemented, it could be resolved that way. In slightly different circumstances, a fix won't be possible.

No sane investor is going to invest in Ethereum because that's not how Ethereum or its derivatives raise capital. The way they raise capital is by taking individual's existing irrational trust (fiat) and exchanging it for what appears to be rational computationally driven trust. Except nobody is using that computed trust for anything worthwhile (a use-case), but then they (the Ethereum fans) all spout that its "killer use-case" is trusted transactions.

This is, at best, a chicken and the egg problem, given trust is built over time by most cultures and people don't trust things they don't understand, even if those things are rational. Saying it's rational doesn't convince the group aggregate mentality (the thing that defines a killer use-case) so we sit here as individuals speculating about how great is is and they (the Ethereum group aggregate) sit here trying to convince us how great it is. By actual use adoption standards, used by VC firms to establish value, it has none.

That one is over now, ETH won.

That's the thing - as far as I can see, there was a disagreement, they forked, both forks peacefully coexist and hold significant value (ETC is worth more today than it was before the fork).

There is no civil war with DDoS attacks, mud-slinging, exploiting vulnerabilities in clients to crash the clients of the 'wrong' side, not even a "majority hash power kills weaker chain".