philipma1957, very good reasoning for the big companies to support the Ethereum. But Ethereum will be PoS next year.
here is an further example of why eth coin will get huge buyers of coin.
lets pretend I am Warren Buffet .
And I went strong on Intel stock.
https://ycharts.com/companies/INTC/market_capIntel's current market cap is 163 billion usd at 34 usd a share
So with very little money put into Eth coins I can directly boost intels sales of cpus' thus raising the 163 market cap to say 180 market cap.
BTC does not do this as it is all asic bound.
Nvida
https://ycharts.com/companies/NVDA trades at 57 bucks
https://ycharts.com/companies/NVDA/market_cap cap is 29 billion
AMD trades at 5.84
cap at 4.634billion
https://ycharts.com/companies/AMDhttps://ycharts.com/companies/AMD/market_capall companies above are aided greatly by a good eth coin price.
once again the dao is shit fuck it.
my reasons are huge reasons for people that own the stock above to buy eth coins.
these 3 companies have a combined cap of about 200 billion usd.
Eth coins are about 1.1 billion
So by feeding into eth coins and improving the price for the coin I affect the bottom line of the three companies above.
So any investor in those companies is affected by solid ETH coin gains.
AND IF ETH COIN TANKS an investor is affected negatively .
So basically until ETH coin stops it's gpu geared mining many people will send money into the eth coins In order to help those companies.
BTC does not have this at all at the moment.
I see a very simple marriage of the two coins here that will help both coins and It could happen.
If it does. BTC will drop to 60% and Eth coin will gain to 25%
in truth not a hurt to BTC other then market share .
The very fact that Eth coin is far more flexible via fork then btc allows a strength that btc is missing.
The complement to each other is truly good.
Your starbucks ETH easy to reverse if an error and it can handle millions of transactions a day
a car purchase btc can't reverse but much more paperwork due to a big sale so other remedies
It BTC stays at the 300,000 to 670,000 max each day. With very slow block size increase say 1 million to 2 million