[2016-08-25] Ethereum Wallet Update Sparks Debate Over 'Corporate' Integration

[eye4bd]

Ethereum Wallet Update Sparks Debate Over 'Corporate' Integration

One of ethereum's best-known wallets released new updates today, though one drew outsized attention due to the perceived preferential treatment it gave to an industry startup.

Perhaps the most notable Mist update was the integration of a widget created by startup Coinbase that allows users to purchase up to $5 worth of ether, ethereum's cryptocurrency. As the feature allows for the instant buying of ether through the wallet, many in the community view it as an upgrade that could appeal to newer ethereum users....

http://www.coindesk.com/ethereum-wallet-update-sparks-debate-corporate-integration/

[bbc.reporter]

This proves that my theory of the Ethereum community is running out of funds might be correct. By making a move like this, it could only mean that Vitalik and Brian Armstrong might have had a deal set. Could Brian Armstrong be paying the Ethereum foundation for in exchange for making this move? I believe it is possible.

[Deepcleen]

This proves that my theory of the Ethereum community is running out of funds might be correct. By making a move like this, it could only mean that Vitalik and Brian Armstrong might have had a deal set. Could Brian Armstrong be paying the Ethereum foundation for in exchange for making this move? I believe it is possible.

A few months ago, Vitalik said the Ethereum Foundation has funds to support the development for three years. With  the ETC they own, it can last longer.

[bbc.reporter]

After everything that happened with Ethereum it is hard to believe what comes out of Vitalik's mouth. Last year when Ethereum was in the Frontier release stages he said that they are already running low on funds. He was also saying that it was time for the community to do its part in developing the platform further. It was like he was saying that they are on their way out.

[shyliar]

This proves that my theory of the Ethereum community is running out of funds might be correct. By making a move like this, it could only mean that Vitalik and Brian Armstrong might have had a deal set. Could Brian Armstrong be paying the Ethereum foundation for in exchange for making this move? I believe it is possible.

Thought this was the EF wallet address. You'll notice that they cashed out a lot of ETH at peek price before DAO crash. I suspect that they are very comfortable both cash wise and ETH wise.

https://etherchain.org/account/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae#txsent

[Dite1989]

I stopped investing more into ETH since the paradox in Vitalik's statements. Since they seem to be comfortable in cash and ETH wise, I wonder why they wanted community to "finally do its part" already. It could be a smart business strategy, but not telling their own community the truth raises suspicion. Maybe when community "finally do its part" will be the time when they can leave with the most profit from the project.

[shyliar]

My view is that the ETH community and the Ethereum Foundation are two different entities.

Ethereum the cryptocurrency was simply a vehicle to raise money, primarily from the public, to pay for the development of Ethereum the platform and support the EF. Owning ETH is not like owning stock in the EF and profits that the EF earn from projects in the corporate world are not payable to ETH holders (making the currency less valuable than a stock).

The Ethereum Foundations source of income in the future will come primarily from joint projects with the corporate world and involve private blockchains. As such ETH holders will receive no net benefit from the EF.

This isn't to say that a certain quantity of Dapps won't be developed for the public chain; but, a short investigation of what's currently available and being developed is unimpressive.

The target of the EF has always been the corporate world and they created ETH the cryptocurrency to fund that. In the long run they will offer less and less to the ETH community.   

[Deepcleen]

My view is that the ETH community and the Ethereum Foundation are two different entities.

Ethereum the cryptocurrency was simply a vehicle to raise money, primarily from the public, to pay for the development of Ethereum the platform and support the EF. Owning ETH is not like owning stock in the EF and profits that the EF earn from projects in the corporate world are not payable to ETH holders (making the currency less valuable than a stock).

The Ethereum Foundations source of income in the future will come primarily from joint projects with the corporate world and involve private blockchains. As such ETH holders will receive no net benefit from the EF.

This isn't to say that a certain quantity of Dapps won't be developed for the public chain; but, a short investigation of what's currently available and being developed is unimpressive.

The target of the EF has always been the corporate world and they created ETH the cryptocurrency to fund that. In the long run they will offer less and less to the ETH community.   

The Ethereum is just 1 year old. If you count from the ICO period, it is just two years old.
So it is impressive that there are already some DAO for the main chain.

[eye4bd]

My view is that the ETH community and the Ethereum Foundation are two different entities.

Ethereum the cryptocurrency was simply a vehicle to raise money, primarily from the public, to pay for the development of Ethereum the platform and support the EF. Owning ETH is not like owning stock in the EF and profits that the EF earn from projects in the corporate world are not payable to ETH holders (making the currency less valuable than a stock).

The Ethereum Foundations source of income in the future will come primarily from joint projects with the corporate world and involve private blockchains. As such ETH holders will receive no net benefit from the EF.

This isn't to say that a certain quantity of Dapps won't be developed for the public chain; but, a short investigation of what's currently available and being developed is unimpressive.

The target of the EF has always been the corporate world and they created ETH the cryptocurrency to fund that. In the long run they will offer less and less to the ETH community.   

The Ethereum is just 1 year old. If you count from the ICO period, it is just two years old.
So it is impressive that there are already some DAO for the main chain.

Hi
I also feels Etherurm still have great future. And comprision with age it's already achieve lot of success.
Etherurm still flrorishing and will. Everything have some tough phase as Etherurm feeling right now!

Thanks!