IBM VP "We are forking Ethereum"

[rdnkjdi]

https://twitter.com/pbrody/status/510311550734073856

[profitofthegods]

Woah, awesome. Prototype ready for January too, that's pretty quick.

[trotter55]

What if they produce something before the completed Ethereum client is available? Could they steal Ethereum's thunder?

[profitofthegods]

What if they produce something before the completed Ethereum client is available? Could they steal Ethereum's thunder?

I'm also wondering whether this is good for Etheruem or if the fork will overshadow the original too much. The Adept prototype ready in January won't be publicly available though, just for demonsrating at trade shows like CES. Overall I'm think at the moment that this will be good for Etheruem.

[infofront]

That doesn't mean IBM is making their own cryptocurrency. IBM is probably forking it for their "internet of things" blockchain.

[profitofthegods]

That doesn't mean IBM is making their own cryptocurrency. IBM is probably forking it for their "internet of things" blockchain.

Yes, that is what they are doing.

[TaunSew]

Satoshi's blockchain invention is more important than actual Bitcoin itself.  Decentralization of programming and decentralizing servers = cost saving mechanism.

True Bitcoin's cost saving mechanism is like $680 million a year but I think this can be tweaked to made cheaper.  Alternatively, especially for larger companies like IBM, $680 million might still be cheaper than their current operating expenses.  IBM has an operating expense in the tens of billions and blockchain technology from Bitcoin or Ethereum can likely drive that number down.

[fartbags]

Sounds good. Decentralization of servers is a real thing and its going down ASAP.

[TaunSew]

It looks more like IBM could end up creating something like Maidsafe..

IBM's blockchain would probably still resemble a coin as how else are they going to pay people to host their decentralized servers?

[Yeni78]

Does anyone know if the Etherium guys are going to stagger their releasing of the source code? In other words, will IBM be able to make a full fork that contains all the same features?

[Nullu]

Forking something that doesn't even exist yet. Good job.

[Zer0Sum]

Forking something that doesn't even exist yet. Good job.

IBM "forked" the PC in 1982-83...
People barely remember what happened before them...
And Google "forked" the search engine in 1998-99.

Only a matter of time before corporations with real resources take over the Crypto Space.

[Torque]

Before you guys get all excited, pls know that IBM has had hundreds of R&D projects (based on open source software) that have eventually failed.  This could easy be one of those internal R&D projects that fades into obscurity.

I know, I used to work there.  Their internal failure rate is fairly high.  Which is why the acquire way more technology solutions than they home grow.

[rdnkjdi]

That doesn't mean IBM is making their own cryptocurrency. IBM is probably forking it for their "internet of things" blockchain.

Yes - this is it.  Coke machines that know when to restock or a million other things.  Not a currency.

Ethereum has a working codable prototype & has since pre-funding.

Before you guys get all excited, pls know that IBM has had hundreds of R&D projects (based on open source software) that have eventually failed.  This could easy be one of those internal R&D projects that fades into obscurity.

Absolutely.  But they do plan on having it functioning for CES is my understanding.

[Yeni78]

Before you guys get all excited, pls know that IBM has had hundreds of R&D projects (based on open source software) that have eventually failed.  This could easy be one of those internal R&D projects that fades into obscurity.

I know, I used to work there.  Their internal failure rate is fairly high.  Which is why the acquire way more technology solutions than they home grow.

Very good point. I had a friend who worked there and he told me how for a while they were really into Second Life. LOL

[profitofthegods]

Before you guys get all excited, pls know that IBM has had hundreds of R&D projects (based on open source software) that have eventually failed.  This could easy be one of those internal R&D projects that fades into obscurity.

I know, I used to work there.  Their internal failure rate is fairly high.  Which is why the acquire way more technology solutions than they home grow.

Very good point. I had a friend who worked there and he told me how for a while they were really into Second Life. LOL

Even if they fail to create a successful product they may develop some interesting bits of code that others can use along the way.

[asdlolciterquit]

Ethereum is not available yet, and they already talk about a forking

i don't know how to react to a news like that!

[Rofo]

Ethereum is not available yet, and they already talk about a forking

i don't know how to react to a news like that!

https://github.com/ethereum/

[pork pie]

I wonder if IBM might offer to pay Vitalek to quit Ethereum the day it's out, and go to work for IBM.

[Ramones]

Forking something that doesn't even exist yet. Good job.

IBM "forked" the PC in 1982-83...
People barely remember what happened before them...
And Google "forked" the search engine in 1998-99.

Only a matter of time before corporations with real resources take over the Crypto Space.

http://www.nooooooooooooooo.com/