Yeah once I realized the alliance won't be transacting on the public chain it made that news have far less weight than it did when I originally heard it. Sure it's a good endorsement of Ethereum and I'm sure they will contribute code back to the project, but they won't have much of a reason to buy ETH or make sure the public network can scale if they are using it in private networks.
There's one thing you don't understand. These corporations, institutions, they are all pragmatic. If a specific project will work the same on a private chain, then they will deploy it on a private chain. If it is better suited to work on public chain for any reason ( one example would be transparency ) then they will deploy it on the public chain.
All these corporations
want to maintain compatibility with public ethereum chain. It's written in the vision paper. So, some projects will be deployed on private chains, some on public. Depends on their needs.
https://www.infoq.com/news/2017/03/Enterprise-Ethereum-VisionNo matter from what angle you're looking at it, the conclusion is this: ethereum is generally accepted as the default standard for a public chain development, that's why EEA was formed.
About bitcoin. Several months ago i thought about investing into BTC. You know, i wanted to hold it for a few years then dump after the halving. Sounded kinda ok-ish. But now, the risk/profit is so great there is no way i would do that. Ethereum now represents 25% of btc's cap. Ethereum has the market cap of btc in 2015.
r/btc's mod, singularity87 said that if BTC drops 2x and ETH goes up 2x, then ethereum will be worth more than bitcoin, and he is correct.
Proof:
https://www.reddit.com/r/btc/comments/617vqk/btc_dominance_below_70_for_the_first_time_at_697/confidence...?
to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.
You are right, fiat is always safer. But fiat doesn't have 200% increase potential in the next 3 months like ethereum does. Raiden will make it into the first scalable project, ever. And 400% increase potential if people dump BTC for ETh in the panic that will follow.
After the dust settles..bby, are you for real ? If ETH reach 50-70% of BTC value untill then it will be game over for BTC. It will lose it's magic, people won't see it as
The Blockchain anymore because the reality already started to kick in. After this civil war started many already started to question their faith in bitcoin and looked for alternative. You are underestimating the huge number of BTC bagholders that have no ideea how bad bitcoin currently is, technical wise.
There's are shitloads of btc holders everywhere that think exactly like this:
But i don't understand why ether is worth billions, it can't be used to buy anything. Bitcoin is a store of value. This is the reality, most people are the average joes that don't research. You don't have to be programmer to research and learn these things.
@thejaytiesto i use latest ethereum wallet. 0-8-9. It takes about 1h for full sync, assuming you delete the old blockchain. It depends on your computer and internet connection though, i have a SSD and i can dl with up to ~10mb/second. Ethereum light client will be released very soon, in june. There are -fast sync commands but you'd have to look for them on reddit, i never used them tho.
EDIT: Apparently segwitt is bugged aswell https://twitter.com/digitsu/status/845119600907866113