Exactly, abandoned chain has no leadership, just miners. And even if there'll be a group of developers willing to work on it, they wouldn't account for 10% of original team value which built ethereum / new programming language from scratch. Not to mention the ethereum bags existent on the main chain exist on the secondary chain aswell, everyone will slowly dump over a long period of time, unless it dies by then.
So, ethereum's abandoned chain is way too risky 90%+ it will either die, miners move on / whales will dump / or this guy, and others like him, will atack ethereum's abandoned chain because it's extremely vulnerable given it's low hashrate
https://www.reddit.com/r/ethereum/comments/4ucgia/i_am_chandler_guo_a_51_attack_on_ethereum_classic/So NO, do not invest anything in the abandoned chain unless it is very short term investment, 1-4 weeks at most.
Most likely people here on btctalk that support ethereum's abandoned chain probably invested in it because they believe in it for it's speculative value because 1 ether there costs only 0.5$+ , so they are invested in it.
If youre willing to check, abandoned project has a high trading volume for it's tiny hashrate ( abandoned by 99% of it's miners ) which means people speculate with their free ethereum tokens.
You have several things backward. The most important thing is this, and I already said it in another thread: ETC and ETH are the same (open source) code, up to a few if statements that were recently added to the ETH code to bail out DAO "investors" and which are absent from the (old ETH and) ETC code. Every single development that the ETH team does, can be incorporated without the slightest effort into the ETC code. You don't need a huge team to copy-paste code from another open source project, do you.
Concerning the miners, they will go where profit is, and hence the hash rate will adapt to the market value, and not the other way around. If the ratio of hash rate over market value is higher for ETC than for ETH, then they will move to ETC until the equilibrium is reached.
So ultimately it is determined by the market price of ETC / ETH. This is totally open to speculation. Ideally, one would expect that people spread risk and go for equality, but then nobody knows. As most ETH holders are automatically also ETC holders, they can sell their ETC for ETH, they can sell their ETH for ETC or they can keep both balances. One would rationally expect (but markets often do other things) that people would put the same value on both, meaning that right now, they'd buy ETC with ETH because you can get more ETC, and there are just as many of both. That said, this can go anywhere.
The only parties for which things are different, are the DAO hacker, and the DAO bailed out people, who have respectively only ETC and ETH. Their respective fan clubs might dump one in favor of the other in order to influence the balance.
As technically, both chains are identical and all future smart contracts will be implementable on both, there is objectively not the slightest difference in the long term expectance, which is why rationally, people should put their VALUE 50% - 50%, meaning they should right now swap part of their ETH for ETC.
But we all know that markets don't always behave rationally.
