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Author Topic: ETHEREUM - we pay for development for banks use for free? how to charge them?  (Read 310 times)
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cryptohunter
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January 17, 2017, 01:56:24 PM
 #1

Anyway to make them contribute a bit back to the crypto scene?

How could it be done?

Is it possible for upates and future releases casper etc ..to be

1. closed source?
2. licensed to ethereum only and other clones must pay a fee?

Impossible or not?

What if banks needed to buy $10M usd value of ethereum each year which got burned (or filtered back to team with full ledger for further development of eth) to get the latest patches, upgrades etc?

Do you think the ethereum team already receives fianancial aid from banks to assist them setting up their own versions?



Any other ideas?




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January 17, 2017, 06:55:17 PM
 #2

If their work is open source it helps ETH. A lot of it is. That's the point of open source, right?
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January 17, 2017, 09:16:13 PM
 #3

Maybe we should work about making patents on some solutions.
Later we can $ those solutions which are invented by ETH and they will have to pay some cash for using it.
Its like with mobiles Samsung has to pay some $ for each smartphone for using technology here can be same.

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Minecache
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January 17, 2017, 09:28:51 PM
 #4

With more and more banks and multinational organisations jumping on the ETH smart contracts Blockchain it is only correct and fair that they pay a token value to all ETH hodlers. Not sure how it could be implemented though.

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shyliar
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January 17, 2017, 09:54:37 PM
 #5

Banks and financial institutions have abandoned Ethereum if you read R3s history (see link below) you'll find that they first tested the Ethereum platform for two weeks in January 2016 with 11 banks. That test was widely reported and helped increase the value of the public chain ETH despite involving a private chain only. The next stage involved 40 banks; but contrary to statements on various forums the Ethereum platform was abandoned for these tests. The platforms used in those tests were supplied by Eris Industries, IBM, Intel and Chain. R3 has gone on to create it's own platform (Corda)

See history here:

https://en.wikipedia.org/wiki/R3_(company)

Below is a link indicating the large number of blockchain services Microsoft is including on Azure. Many of these services are direct competitors to the Ethereum platform.

http://www.coindesk.com/microsoft-blockchain-azure-marley-gray/

Below is a link with the most recent addition to Azure. The Stratis platform is described as a complete blockchain package for financial institutions to upgrade their current infrastructure. Stratis is being tailored specifically to provide flexible enterprise solutions and nodes coded in the C# language. It's a direct competitor to Ethereum the platform.

http://cryptohustle.com/stratis-platform-added-to-microsofts-azure-baas-program

Banks and financial institutions are even getting patents on various blockchain technology as described in the following article:

https://www.bloomberg.com/news/articles/2016-12-21/who-owns-blockchain-goldman-bofa-amass-patents-for-coming-wars

The fact is that there are numerous blockchain companies in existence that were able to raise funds without an ICO to attract the inexperienced investor. The banks and financial institutions  have invested money with many of these firms. Traditional industry leaders have funds, lawyers and the technical expertise to not require the Ethereum Foundation.
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January 17, 2017, 11:18:12 PM
 #6

R3 has not abandoned Ethereum.

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ArticMine
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January 17, 2017, 11:53:24 PM
 #7

You may want to consider the GNU AGPL https://www.gnu.org/licenses/agpl-3.0.en.html It is free libre open source software however it is a very strong copyleft that also applies to software on  server used by the public. In effect his forces the bank to share their software improvements back with the community.

A dual license between the AGPL or GPL and closed source for a fee can work very well. The user is given the choice of playing by FLOSS rules and contributing code back to the community or playing by proprietary rules, the get to keep their own code secret but also have to pay license fees. There is a reason why copyleft was invented over 1/4 century ago.  https://www.gnu.org/philosophy/pragmatic.html

Edit: Qt is a project that does exactly this. Combine strong copyleft with proprietary in a dual license https://www.qt.io/licensing/

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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January 18, 2017, 12:21:35 AM
 #8

Name 1 Big Bank that uses ETH.

FUD first & ask questions later™
shyliar
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January 18, 2017, 01:21:12 AM
 #9

R3 has not abandoned Ethereum.

They are primarily interested in promoting their own platform.

Here's when they announced it last April.

http://www.r3cev.com/blog/2016/4/4/introducing-r3-corda-a-distributed-ledger-designed-for-financial-services

They released to mixed reviews in December.

http://www.coindesk.com/r3-corda-debut-mixed-response/

The point isn't just R3. There is a lot of competition out there. Lots of different platforms being released that are direct competition to Ethereum. It seems that I hear about a new one every few weeks. I'm not saying Ethereum is bad software; but, it is not unique and when you look at the history of these various companies not ground breaking.
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