Bitcoin Forum

https://cointelegraph.com/images/725_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hY2RlYjEyNDQ0MGM5MDdlMzc5ZGM0YThlZjNjZTk1YS5qcGc=.jpg

Wall Street continues to have a tenuous relationship with Blockchain technology. Large banks have recently made statements both for and against the new technology, with some companies like Bank of America already pursuing patents.
Problem with privacy

Part of the struggle these financial platforms are having with Blockchain technology is the issue of privacy. The key issue for traders is to keep their positions a secret in order to keep other traders and competitors out of the loop. While Blockchain technology provides immutability, it does not provide complete security or anonymity - keys for enterprise level financial adoption.

However, the ZK-Snark, or Zero Knowledge proofs recently being enabled on the Ethereum blockchain following the network’s Byzantium upgrade, represent a new way to have both anonymity and immutability on a single chain. According to Bloomberg:

    “Its ability to reshape vital financial market functions like clearing and settlement has always hinged on whether banks can keep customer and proprietary data secret. Zero-knowledge proofs, a theoretical possibility for decades, are now a reality, letting transactions be verified without the need to share any of the underlying data.”



https://cointelegraph.com/news/recent-ethereum-upgrade-may-make-wall-street-fall-in-love-with-blockchain

Wall street is a sellout they will never fall in love with crypto!

i honestly wouldn't be surprised because ETH is centralized and controlled by the foundation and Wall Street may even be involved since there are big pockets manipulating ETH.

but generally speaking this new hard fork of ethereum is a very scary one. there is even speculation of a hard price dump because of it. and it may cause a lot of issues in the near future. not to mention that the fork itself has not been ready and it seems the code is very rushed, which makes it possible for a lot of bugs and bugs mean a lot of money loss. (it wouldn't be the first time people lose money because of ETH bug).

and for all we know, after this fork there may be another chain left! another ETC.

they will cooperate with crypto that using centralized system but not with decentralization.