JP Morgan introduces Zether protocol

[krisnajsadrak]

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks
source : https://cryptoslate.com/jp-morgan-zether-private-ethereum

thats why i recommend everyone to collect more ethereum now while the price still cheap
i'm sure next year ethereum price will create new high

[MATHReX]

Nice of them to develop such an extension software for Ethereum transactions enabling privacy.
Even Vitalik is working on developing privacy-centric features for Ethereum chain. We had a good discussion on it below:
https://bitcointalk.org/index.php?topic=5146953

[X-ray]

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks
source : https://cryptoslate.com/jp-morgan-zether-private-ethereum

thats why i recommend everyone to collect more ethereum now while the price still cheap
i'm sure next year ethereum price will create new high

I heard rumour some companies will try to use ethereum too, When it was going smoothly and this will become a big news to the ethereum holders. JP morgan is a big company. Okay, with more companies using ethereum service and POS migration will make ethereum becomes a big thing in the future.
I still have a hundred of ether in my wallet.  thanks for this and this is a good news.

[wheelz1200]

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks
source : https://cryptoslate.com/jp-morgan-zether-private-ethereum

thats why i recommend everyone to collect more ethereum now while the price still cheap
i'm sure next year ethereum price will create new high

Kind of funny jp Morgan is anywhere near doing this.  All those years of jaime dimon squawking about how bitcoin is non sense and now here we are. Lol

[krisnajsadrak]

Nice of them to develop such an extension software for Ethereum transactions enabling privacy.
Even Vitalik is working on developing privacy-centric features for Ethereum chain. We had a good discussion on it below:
https://bitcointalk.org/index.php?topic=5146953

thats really nice informations, and for sure thats will bring ethereum to the next level
thats why i suggest to everyone to buy ethereum now, before all good things become reality in eth network

[Red-Apple]

to be honest this sounds more like a fake news if you think about it! it certainly wouldn't be the first time some clickbait site publishes something like this though.
a centralized bank that has been creating their own stand alone centralized coin is never going to work on another altcoin that they can not use and most importantly they will never take any steps in direction of privacy!!!

[jossiel]

I have that positive feeling that ethereum will rise too by next year but this isn't due to this kind of news. But it's all about the rise of bitcoin and alts will be going too the way of where bitcoin is off to.

I'm still thinking about those times that Jamie Dimon keeps on throwing knives to bitcoin through his words and now he's into this kind of development. Most of the articles does have this news but I can't see an official statement from them.

[superstarbtc]

I have that positive feeling that ethereum will rise too by next year but this isn't due to this kind of news. But it's all about the rise of bitcoin and alts will be going too the way of where bitcoin is off to.

I'm still thinking about those times that Jamie Dimon keeps on throwing knives to bitcoin through his words and now he's into this kind of development. Most of the articles does have this news but I can't see an official statement from them.

Yes, people are waiting for the ETH price, we have seen downfall from the different millionaires about the blockchain but today they themselves starting their own cryptocurrency which will drive them to another level of technology in this space. In future, there are huge chances for ETH to increase it's a price to the next level.

[electronicash]

i have this  positive feeling as well that after  this  JP and dimon will once again be involve in spreading  lies after a bullrun will happen. you see these gus are up to collect all bitcoin for themselves. don't believe a word  that comes  out of their  mouth because everything can turn lies, it all just need a little timing before they  will explode.

[jossiel]

I have that positive feeling that ethereum will rise too by next year but this isn't due to this kind of news. But it's all about the rise of bitcoin and alts will be going too the way of where bitcoin is off to.

I'm still thinking about those times that Jamie Dimon keeps on throwing knives to bitcoin through his words and now he's into this kind of development. Most of the articles does have this news but I can't see an official statement from them.

Yes, people are waiting for the ETH price, we have seen downfall from the different millionaires about the blockchain but today they themselves starting their own cryptocurrency which will drive them to another level of technology in this space. In future, there are huge chances for ETH to increase it's a price to the next level.

That chance will be into reality if huge companies like JP Morgan will remain to use ETH's platform and smart contract. We've seen the growth of Binance coin and it's also an ERC20 token before but now they built their own network.

It's possible that the same thing can happen in the future if ever their development will be as good as BNB.

[mindrust]

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks
source : https://cryptoslate.com/jp-morgan-zether-private-ethereum

thats why i recommend everyone to collect more ethereum now while the price still cheap
i'm sure next year ethereum price will create new high

Kind of funny jp Morgan is anywhere near doing this.  All those years of jaime dimon squawking about how bitcoin is non sense and now here we are. Lol

It looks a lot like he was creating controlled FUD just to buy cheap bitcoins. One other possibility is that he is in bed with Vitalik. That's why he doesn't speak against Eth but only bitcoin. That explanation makes more sense in fact.

In the end I don't really believe anything good can come from JPM. If he wants to partner with ETH that's fine. I am pretty sure he and vitalik are planning the ways to implement POS onto Eth, together. Sounds like a disaster to me.

[martyMC]

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks
source : https://cryptoslate.com/jp-morgan-zether-private-ethereum

thats why i recommend everyone to collect more ethereum now while the price still cheap
i'm sure next year ethereum price will create new high

Amazing news!
But you should mention it's a news about ETH in your title.
When I saw "Zether" I thank it was just a fake ethereum.

[krisnajsadrak]

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks
source : https://cryptoslate.com/jp-morgan-zether-private-ethereum

thats why i recommend everyone to collect more ethereum now while the price still cheap
i'm sure next year ethereum price will create new high

Amazing news!
But you should mention it's a news about ETH in your title.
When I saw "Zether" I thank it was just a fake ethereum.

thats why you or anybody must read the thread too, not only the title buddy
always remember don't judge a book by its cover
and thats right this is really great news for ethereum, so don't be late to buy more eth buddy

[leea-1334]

Remember one thing and one thing only,,, this is a private blockchain, completely controlled and completely owned by JPMorgan, the big banker that has been known to do scandal after scandal.

What is the use of being able to hide your transaction and details of sender or recipient if they keep all your data and could reveal it anyway at a time of their choosing without you ever knowing?

[semes]

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks
source : https://cryptoslate.com/jp-morgan-zether-private-ethereum

thats why i recommend everyone to collect more ethereum now while the price still cheap
i'm sure next year ethereum price will create new high

JP Morgan is an interesting company. Until recently, they had clearly revealed their negative thoughts for cryptocurrencies. Now they are working in this field. Unreliable!

[Pecunia non olet]

It is not extension for Ethereum, it is copied Ethereum with added privacy feature since it is open source. Am I correct? Because if that is only a second layer solution then people will not be pushed to use it.. 

[The Sceptical Chymist]

Kind of funny jp Morgan is anywhere near doing this.  All those years of jaime dimon squawking about how bitcoin is non sense and now here we are. Lol

Funny, but not surprising to me.  These investment banks will change their tune on anything in a nanosecond if they can make a profit off it.

I don't know jack shit about this thing, but I'm actually kind of pleased that a big-name institution is getting involved in a crypto project, even if it's JP Morgan and even if it's ETH (I don't own any, unfortunately).  This might affect the price if it hasn't already--I'll have to check after posting, as I don't follow what ETH is doing.  JPM is a corrupt institution, but it can't be denied that they have massive Wall Street pull.  That might be a good thing for the rest of us, as ironic as it sounds.

In the end I don't really believe anything good can come from JPM.

Maybe, maybe not.  We won't know until something happens.  JPM used to be one of the most reputable, trustworthy institutions on Wall Street (I'm talking decades ago), and it's pathetic what they've morphed into. 

A rising tide raises all boats, that's the motto I always think of when I read stories like this, and that's why I think whatever this thing is that JPM is doing might be good for all crypto investors.  We'll see.

[HichemFetoui]

It's very nice to see jp Morgan and chase joining the crypto market at early stages this can only boost power confidence in the technology good luck for all

[bbc.reporter]

Jaime Dimon should fire the person who made the name zether. What is it? It sounds very stupid and made up by some ICO scammer hehehe.

[KryptoKai]

It's true that this name sounds scammy. I guess they are trying to emulate zcash as a privacy coin, and zethereum sounds too ridiculous. At least we know what the coin is based on the name