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It seems like Ethereum is getting a lot more industry support than Bitcoin ever did. If Ethereum continues it looks like it could kill off Bitcon, the looming

by Veelox 9y ago

It seems like Ethereum is getting a lot more industry support than Bitcoin ever did. If Ethereum continues it looks like it could kill off Bitcon, the looming possibility of a hard fork might be contributing make that happen really soon.

jerguismi 9y ago
Is this industry support, or more collaborative research project like R3? I have talked to some bank representatives, and while they have been testing ethereum technology, they do it on their private chains on their private networks. No word of production use. In general banks seem to budget a lot of funds towards various r&d activity, on which majority of stuff never ends up anywhere.
- 52-6F-62 9y ago
  It's industry support for this particular implementation of blockchain tech, which seems to have a validating effect on the larger community surrounding it. There have been talks/speculation about interaction between the public chain and private chains in an analog to internet/intranet relationships -- that is, being of a common protocol.
  - jerguismi 9y ago
    The question is, do they use or plan to use this technology in production? I very much doubt that, at least anytime soon. However great opportunity to pump the price :)
    - 52-6F-62 9y ago
      I suppose it depends on whether or not their work with other members of the EEA produces anything viable. If not, c'est la vie. It's a step in that direction, though. I think it's definitely a plus to have industry-experienced groups participating in looking into whether or not the tech is worthwhile. (It's kind of the Jobs-mind to the Wozniaks who dominate the space presently)
- Veelox 9y ago
  It might just be research on private chains for now but that is something I never saw someone as big as MasterCard do for Bitcoin.
TearsInTheRain 9y ago
The hard fork will likely have enough hash rate and industry support that it will go smoothly.
eth1 9y ago
They are complimentary to each other.
deleted 9y ago
[deleted]
s_dev 9y ago
>It seems like Ethereum is getting a lot more industry support than Bitcoin ever did. Why do crypto currencies need industry support?
- dx034 9y ago
  So that consumers without technical knowledge can profit from the technology.

by Veelox 9y ago

jerguismi 9y ago

Is this industry support, or more collaborative research project like R3? I have talked to some bank representatives, and while they have been testing ethereum technology, they do it on their private chains on their private networks. No word of production use. In general banks seem to budget a lot of funds towards various r&d activity, on which majority of stuff never ends up anywhere.

52-6F-62 9y ago
It's industry support for this particular implementation of blockchain tech, which seems to have a validating effect on the larger community surrounding it. There have been talks/speculation about interaction between the public chain and private chains in an analog to internet/intranet relationships -- that is, being of a common protocol.
- jerguismi 9y ago
  The question is, do they use or plan to use this technology in production? I very much doubt that, at least anytime soon. However great opportunity to pump the price :)
  - 52-6F-62 9y ago
    I suppose it depends on whether or not their work with other members of the EEA produces anything viable. If not, c'est la vie. It's a step in that direction, though. I think it's definitely a plus to have industry-experienced groups participating in looking into whether or not the tech is worthwhile. (It's kind of the Jobs-mind to the Wozniaks who dominate the space presently)
Veelox 9y ago
It might just be research on private chains for now but that is something I never saw someone as big as MasterCard do for Bitcoin.

TearsInTheRain 9y ago

The hard fork will likely have enough hash rate and industry support that it will go smoothly.

eth1 9y ago

They are complimentary to each other.

deleted 9y ago

[deleted]

s_dev 9y ago

>It seems like Ethereum is getting a lot more industry support than Bitcoin ever did. Why do crypto currencies need industry support?

dx034 9y ago
So that consumers without technical knowledge can profit from the technology.