Is Etherium going to be a Corporate coin?

[adhitthana]

One of the great things about Ether is that is has been so profitable for many small players in crypto land
But, something about it makes me wonder it's all really in the best interests of most Crypto folk.

The price has gone up enormously.  Big corporations and banks are looking at using it, and wealthy traders throw around hundreds and even thousands of Bitcoin at it all day and night, pumping the coin as large bids and offers appear and disappear without trading often.
Major banks wont want to use it unless they control it I don't think. Why would they use something they could not control?

I love the idea of Ether but would prefer to use and be involved with something not controlled or associated with or by big corporate interests

I'm interested in others thoughts on this.

Maybe I'm just old fashioned?

[Snail2]

ETH have some corporate and bank support. But I think they only see it as a prototype for their own creations.
If you are looking for something what is independent from corporate players, then try Lisk when it will be released (but I'm not sure about its independence). NXT and Qora are also good alternatives with the same or nearly the same functionality but for a fraction of the ETH price.

[The Sceptical Chymist]

Ok so why wouldn't banks just make a clone of eth or any of the thousand altcoins out there?  Or just design their own.   And I totally agree,  if the banks aren't in control or it's too risky,  they won't touch it.   Should be interesting to see what banks actually end up doing.

[benthach]

One of the great things about Ether is that is has been so profitable for many small players in crypto land
But, something about it makes me wonder it's all really in the best interests of most Crypto folk.

The price has gone up enormously.  Big corporations and banks are looking at using it, and wealthy traders throw around hundreds and even thousands of Bitcoin at it all day and night, pumping the coin as large bids and offers appear and disappear without trading often.
Major banks wont want to use it unless they control it I don't think. Why would they use something they could not control?

I love the idea of Ether but would prefer to use and be involved with something not controlled or associated with or by big corporate interests

I'm interested in others thoughts on this.

Maybe I'm just old fashioned?

just some mental players play in a big way, example you take bittrex bobsurplus play book then add few zero and moved it to polo. all end up the same. no corporate crap is playing. smart and legitimate money dont considered crap like etholium which already three years and still dont have a good solid working wallet, the team dont even understand their own crap and direction

[sinner]

Ok so why wouldn't banks just make a clone of eth or any of the thousand altcoins out there?  Or just design their own.   And I totally agree,  if the banks aren't in control or it's too risky,  they won't touch it.   Should be interesting to see what banks actually end up doing.

agree.  i think banks are most likely to use something like Ripple.  they stand nothing to gain from giving up control of their own books.