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The recent price movement could be attributed to the formation of Enterprise Ethereum Alliance[0]. Here's a description from the website for what the EEA aims

by iMuzz 10y ago

The recent price movement could be attributed to the formation of Enterprise Ethereum Alliance[0]. Here's a description from the website for what the EEA aims to do. > "The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business." Some big names that are a part of the Alliance include Microsoft, Intel, J.P. Morgan, and Accenture. The rest are on the site! [0]> http://entethalliance.org/ http://entethalliance.org/

kbody 10y ago
Unless the formation of Enterprise Ethereum Alliance supports about 10 or so other cryptocurrencies[1], then the formation is not really the reason. Imo the Bitcoin ETF rejection produced a knee-jerk reaction and caused a lot of potential (in-case-of-approved-ETF) Bitcoin investors to diversify for now with other cryptos as well, then or at the same time cryptotraders started pumping more. A lot of altcoins are in a crazy pump-and-dump cycles at the moment, so be cautious. As for Ethereum, no one in their right mind would base something so crucial on such risky and proven-damaging language/platform. Print all the press releases you want to present yourself innovative etc., but it's a rotten foundation if you care about security and reliability. At least I hope we will see some evolution on that side instead of dirty-patching security issues. [1] http://coinmarketcap.com/ http://coinmarketcap.com/
- DennisP 10y ago
  It might be part of the reason, the ETH price went up dramatically between the EEA and the Bitcoin ETF decision.
- ecesena 10y ago
  Or both.
- reddytowns 10y ago
  > As for Ethereum, no one in their right mind would base something so crucial on such risky and proven-damaging language/platform. Print all the press releases you want to present yourself innovative etc., but it's a rotten foundation if you care about security and reliability. At least I hope we will see some evolution on that side instead of dirty-patching security issues. This is a bold statement to proclaim while providing no evidence. It's the second largest cryptocurrency in the world, for Christsakes!
  - kbody 10y ago
    Just from the DAO hack, you can learn a lot of things of how Ethereum works as a project and a company: - Ethereum's design (turing completeness etc.) doesn't enable formal verification of code/contracts - Months before the hack, Ethereum had paid for security audits, in the report the way the DAO hack was done was described, yet Ethereum failed to do anything about. - It's up to the decision of Ethereum's corporation (a.k.a Ethereum Foundation) to decide if they don't like one transaction or contract to make a hardfork, they broke one of their selling points of code is law. On a sidenote, the 3rd largest cryptocurrency is a instant/premined scam[1] and the 5th largest is a super-centralized system that you can barely call cryptocurrency. So marketcap doesn't prove much. [1]: http://daia.group/2017/03/13/review-dash-2/ http://daia.group/2017/03/13/review-dash-2/
    - reddytowns 10y ago
      Regardless if the ethereum language is turing complete or not, you can still formally verify individual contracts. You can't determine whether every contract will halt or not, but that is a separate issue. The DAO contract should have been formally verified, and this was an oversight of the creators and as well as the participants to not demand this. Also, the DAO is separate from Ethereum. It's a contract running on ethereum, not ethereum itself. You are being very hyperbolic with your criticism.

by iMuzz 10y ago

kbody 10y ago

Unless the formation of Enterprise Ethereum Alliance supports about 10 or so other cryptocurrencies[1], then the formation is not really the reason. Imo the Bitcoin ETF rejection produced a knee-jerk reaction and caused a lot of potential (in-case-of-approved-ETF) Bitcoin investors to diversify for now with other cryptos as well, then or at the same time cryptotraders started pumping more. A lot of altcoins are in a crazy pump-and-dump cycles at the moment, so be cautious. As for Ethereum, no one in their right mind would base something so crucial on such risky and proven-damaging language/platform. Print all the press releases you want to present yourself innovative etc., but it's a rotten foundation if you care about security and reliability. At least I hope we will see some evolution on that side instead of dirty-patching security issues. [1] http://coinmarketcap.com/ http://coinmarketcap.com/

DennisP 10y ago
It might be part of the reason, the ETH price went up dramatically between the EEA and the Bitcoin ETF decision.
ecesena 10y ago
Or both.
reddytowns 10y ago
> As for Ethereum, no one in their right mind would base something so crucial on such risky and proven-damaging language/platform. Print all the press releases you want to present yourself innovative etc., but it's a rotten foundation if you care about security and reliability. At least I hope we will see some evolution on that side instead of dirty-patching security issues. This is a bold statement to proclaim while providing no evidence. It's the second largest cryptocurrency in the world, for Christsakes!
- kbody 10y ago
  Just from the DAO hack, you can learn a lot of things of how Ethereum works as a project and a company: - Ethereum's design (turing completeness etc.) doesn't enable formal verification of code/contracts - Months before the hack, Ethereum had paid for security audits, in the report the way the DAO hack was done was described, yet Ethereum failed to do anything about. - It's up to the decision of Ethereum's corporation (a.k.a Ethereum Foundation) to decide if they don't like one transaction or contract to make a hardfork, they broke one of their selling points of code is law. On a sidenote, the 3rd largest cryptocurrency is a instant/premined scam[1] and the 5th largest is a super-centralized system that you can barely call cryptocurrency. So marketcap doesn't prove much. [1]: http://daia.group/2017/03/13/review-dash-2/ http://daia.group/2017/03/13/review-dash-2/
  - reddytowns 10y ago
    Regardless if the ethereum language is turing complete or not, you can still formally verify individual contracts. You can't determine whether every contract will halt or not, but that is a separate issue. The DAO contract should have been formally verified, and this was an oversight of the creators and as well as the participants to not demand this. Also, the DAO is separate from Ethereum. It's a contract running on ethereum, not ethereum itself. You are being very hyperbolic with your criticism.