Instead of trying to compete against Bitcoin, Ethereum Classic is trying to learn from Bitcoin and incorporate its excellent monetary policy. ETC could make a huge impact in 2017 and beyond. Keep an eye on this situation. I clearly am very interested in this situation since I am making an extra video this morning. I feel a 210million ETC cap is a great idea. I also think ETC needs to stay proof of work- POW. ETC/ETH parity is a possibility. The market already clearly likes the ETC rumors. Trading volume and price are high compared to last week.
These articles explain the Ethereum Classic situation. You should read them: https://bitcoinmagazine.com/articles/ethereum-classic-forges-new-path-revamped-monetary-policy-could-be-next-1481656302
And this one: https://btcmanager.com/news/ethereum-classic-considers-bitcoin-esque-monetary-policy/
This also: https://steemit.com/ethereum/@finpunk/ethereum-classic-gets-more-interesting-more-developers-and-a-new-monetary-policy