The unthinkable has taken place today. Not only is the ETC(Ethereum Classic) volume 3X higher than ETH on Poloniex, but the buy side of the order book is also twice the size, 9200btc vs 4900btc. Incredible!

The hash rate on ETC has now climbed above 800GH/s, that is almost double what it was yesterday.

Source: https://twitter.com/DiginomicsNews/status/759871208510791681

What is really interesting - and frankly quite unexpected - to observe is the first drop in the ETH hash rate since May of 2016. Charts from etherscan.io show that miners are starting to leave the forked Ethereum chain:

The principles of blockchain immutability can't just be discarded at the drop of a hat if decentralized payment networks are to survive. The Ethereuem fiasco demonstrates that this is not just an idealistic and naive idea of Bitcoin "maximalists" and anarchists, but a principle that sits squarely at the core of the blockchain revolution.

This cartoon by MadBitcoins on twitter is spot on: