Etherum is a tool for banks

[K210]

do you really think that banks will use something they cannot control? The banks are only using ether at moment to reverse engineer its tech. They will build a centralised clone sooner or later.

[AlphaSun]

The banks have to unify to create a clone of Ethereum. If every bank has its own system, they need the Ethereum as a common tool.

[sinner]

do you really think that banks will use something they cannot control?

of course not.

The banks are only using ether at moment to reverse engineer its tech. They will build a centralised clone sooner or later.

yep.


Also, apparently ANYTHING can get on Azure.. even Expanse and Influxcoin lol are on Azure.. guess it really is meaningless.  still cant gamble, buy drugs, or do anything with ethereum... hype hype hype!  the only chance for profit is to hype it up now cuz these "dapps" are gonna be a huge failure.

(by dapps i do not mean decentralized applications. i mean ethereum centralized applications. the successful decentralized applications will be built on a platform called the internet, using one of the many Turing complete programming languages)

[klarki]

Banks probably will look at the use of Bitcoin than Ethereum.
but without at least minimal control, this is not feasible.
Here, as it were, two sides of the coin.

[BigUpGiddyup]

They will build a centralised clone sooner or later.

It's open-source, anyone can build a clone

[AlphaSun]

Banks probably will look at the use of Bitcoin than Ethereum.
but without at least minimal control, this is not feasible.
Here, as it were, two sides of the coin.

The banks may use bitcoin as a currency so they can treat it as other currencies such as dollar or Yuan.

[Spoetnik]

They will build a centralised clone sooner or later.

It's open-source, anyone can build a clone

I heard IBM was testing ETH LOTS !
Guys were spamming about it like crazy on Poloniex chat for months.
They kept saying "IBM is using ETH"

So i found out they were checking it out and then abandoned it to build their own system..
And even that outcome is a wait & see type of thing too.. IBM may never do anything.

Banks would have to buy IPO coin bags from scam tards and the shit load the dev's got.
Is some bank going to go buy ETH coins on an exchange ?
Not bloody likely LOL
IF *anything* they may one day eventually make a similar system etc.
They are probably just curious etc.

Explain to me why a Bank would buy ETH coins when they could launch their own and have them all for free ?
Just like ETH dev's did LOL

hey Butterin.. common sense is a killer bruh

PS:
Ripple.
hahahahha
get it? ohhhh but but Banks are using Ripple we hear.. EVERY YEAR.
Bitshares crap? but but but but... b a n k s !!!!  

EDIT:
By the way.. it's important to point out that when IBM was allegedly testing out ETH..
Their tests were closed from the public (so their coins would have no interaction with coins on the exchanges)
I was told it was a closed internal network test.

[cmbartley]

Banks will likely use a multitude of ledger protocols for value transfer based on their trust relationships and the use cases. Some might use Ethereum for certain types of complex securities, some may use hyperledger, some eris... etc etc. Some are already using Ripple. Many won't use digital assets in any significant way.

Ripple plans to announce their programmatic XRP giveaway program soon. Multisigning was included in their latest version. MIT is not running a validating node for Ripple. Which is... interesting