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mining1
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February 27, 2017, 11:20:22 PM
 #1

This Article says it all, no need for further commentary https://www.nytimes.com/2017/02/27/business/dealbook/ethereum-alliance-business-banking-security.html
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February 28, 2017, 12:24:16 AM
 #2

All about ethereum, It looks good for the ethereum holders  Grin The pump will come on the ethereum coin. We will see a lot of the private blockchain. This for the companies privacy and I don't think if it will merge on the public blockchain.

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February 28, 2017, 12:29:19 AM
 #3

From the  article:

"The companies working on the Enterprise Ethereum Alliance want to create a private version of Ethereum that can be rolled out for specific purposes and open only to certified participants. Banks could create one blockchain for themselves and shipping companies could create another for their own purposes."

It was buried further down than it should have been; but, unfortunately for ETH holders it makes it pretty clear that the public chain will not benefit.

Edit: Other than the obvious use of this article as a pumping mechanism. It's not like any of the companies mentioned are buying into the public token; but, definitely useful to empty the pockets of those who part with their money without due diligence.
iamnotback
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February 28, 2017, 12:57:25 AM
 #4

Edit: Other than the obvious use of this article as a pumping mechanism. It's not like any of the companies mentioned are buying into the public token; but, definitely useful to empty the pockets of those who part with their money without due diligence.

Also it is not clear yet whether the proliferation of ICOs being caused by Ethereum is not going to siphon more value out of ETH than into it.

If most of the fools who still believe in the viability of smart contracts on a Turing-complete scripting blockchain are still invested in ETH and they are the ones who will trust these ICOs built on these insecure smart contracts which are another DAO attack waiting to happen, then that could suck value out of ETH and into the colored coins of the ICOs. That is if those hair-brained, pie-in-the-sky ICOs don't actually produce any real adoption.
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February 28, 2017, 03:17:53 AM
 #5

That is ethereum the altcoin that has innovations with private blockchain of ethereum,
it will take the other corporations to joint in this projects not only banks
because the corporations needs security, privacy in their business,
the private blockchain of ethereum will become solution to corporations adopt blockchain of technology.
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