Why is etc up so much today?
This explains Eth
https://www.cryptocoinsnews.com/ethereum-bettors-directbet/
DirectBet, the leading Cryptocurrency Sportsbook, Racebook & Casino, is now accepting Ethereum and is the first major company to accept Ether as a coin.
But why the move in etc?
This seems negative
http://www.newsbtc.com/2016/08/31/poloniex-may-soon-release-white-hat-daos-frozen-etcs/
Close to a month after the incident, Poloniex is now ready to allow the parties to withdraw their ETCs from the platform. But given the implications of such an action, the exchange has got in touch with the relevant law enforcement authorities. The authorities, who probably are already involved in the investigation of White Hat DAO team, will have to give a go-ahead for Poloniex to distribute the ETCs to its rightful owners.
But perhaps some of this dump was priced in already?.
Could it be this comment?
https://m.reddit.com/r/EthereumClassic/comments/50k0wr/vitalik_buterin_softens_on_etc_a_nonnegligible/
This article seems the most likely to spur bullishness. It could help investors understand the backers as the coin makes its own identify.
http://ethnews.com/who-is-ethereum-classic
So, the primal difference between ETC and ETH is that we strongly uphold blockchain immutability and transaction finality as a key principle. We see the blockchain is a truth machine preserving one universally accepted version of history, one immutable sequence of events. While ETH supporters are OK with rewriting the history if it contains "an inconvenient truth" that majority of users would prefer to "just disappear".
This is an interesting idea to position etc as the low cost Eth.
With 100% compatibility of Ethereum Classic blockchain, it is trivial for anyone to copy Dapps between chains. If not the original developers, their competitors will, to take advantage of better blockchain characteristics of ETC (and the execution will be order of magnitude cheaper due to token price difference)
There is pretty much a consensus within ETC community that Ethereum Classic should not hurry into unproven and potentially dangerous transition to PoS.
Lots of good quotes there I would suggest reading the whole article.
I'm glad that I had some ETH in Poloniex when ETC was announced and Poloniex credited the exact amount of ETH I had to free ETC!
I had to shift mine out of jaxx but it wasn't that hard.
I think this explains it etc to jaxx!
https://steemit.com/crypto-news/@marketingmonk/apple-hates-on-dash-declines-jaxx-app-until-they-remove-support-the-cryptoverse-84
Still looking good today. I am glad I bought!