> Nobody says ETC is invalid because it has fewer hashes than ETH. I think you are quite wrong there. At some point the exchanges had to pick which chain was g

> Nobody says ETC is invalid because it has fewer hashes than ETH. I think you are quite wrong there. At some point the exchanges had to pick which chain was going to get the ETH ticker and which chain was going to get the ETC ticker. While it's hard to say exactly why they did what they did, certainly the amount of hashpower on each chain was a significant factor.