Topic: Wall street will turn ETHER? (Read 272 times)
I have a feeling, it is time to up the thread. Seems like this point is coming even closer )
https://upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/
I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
It's not a matter of "If" , Its just a matter of "Time".. Ethereum has been getting a lot of attention during the past year since It's been one of the main platforms regarding ICOs and distributing tokens with its smart-contract creation. I think there will be more Ethereum focus once Ethereum gets upgraded in the near future to support more transactions. I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
This makes sense, of course, it will attract large investors and more money. But, but if everything will be so, that an ordinary person will remain outside the trade on crypto exchanges, outside of investment, etc. If there are options for small investors, I would like this concept more.
https://upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/
I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
Agreed as people from financial fields are more and more getting involved in it and this creates a healthy competition between wallstreet and cryptomarket.Crypto market is getting popularity and more and more people are getting involved in this. I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
I think Ethereum will be the next big thing this year it will fly high just like what happened to bitcoin last year i think will grow x10 or more this year. I guess it will be a Trillion marketcap soon. I'm glad this is the best thing ever.
Thats not what I heard. The developers over there were considered as either incompetent or what could be described as fraudulent. They know that Ethereum will not work as promised, but none of the competent developers are honest enough to say anything. Thats fraud.
Where did you get this information? By all means, I would love to read about this.
Thats not what I heard. The developers over there were considered as either incompetent or what could be described as fraudulent. They know that Ethereum will not work as promised, but none of the competent developers are honest enough to say anything. Thats fraud.
Where did you get this information? By all means, I would love to read about this.
https://upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/
I read this article, thought, I'll share. It sounds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them. Why? Because the government needs to protect you!
I read this article, thought, I'll share. It sounds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them. Why? Because the government needs to protect you!
There had been many crimes committed all because in the name of protecting the people. Abuses from the government were all documented and as they say the intention is good but all things gone awry at implementation because other type of self-vested interests may come in into the picture.
I am sure that people in the Wall Street are looking at Bitcoin with concerned faces...either they join the bandwagon or they are part of the team that will use their influence to try to stifle the growth of Bitcoin as they know that it can be a big disruption to their main business.
If Wall Street knew how insecure Ethereum is and how its easy to make mistakes running smart contracts in it, they will drop it like dog shit. Remember the DAO or the Parity "bug"? Yeah, the developers assured everyone they were safe. One was hacked forcing Vitalik Buterin to change the transactions and the other one was incompetency.
Things will improve, I believe. With the cash injection into eth, and a determination of the team behind Ethereum, I believe, the security issues will be sorted. Besides, literally more than a half of the cryptomarket runs on Ethereum - it's not that bad.
Thats not what I heard. The developers over there were considered as either incompetent or what could be described as fraudulent. They know that Ethereum will not work as promised, but none of the competent developers are honest enough to say anything. Thats fraud.
Because IPO's raise 10x or 100x more money? And IPOs are for shares which give you equity - ownership - in business? Unless the structure of ICO changes pretty fundamentally they are not going to be of serious interest to Wall Street.
What is the main function of investment banks? Its putting the deal together, securing the funding from other banks and investors to pool together the bulk of the issue, along with underwriting. This would still be needed in a system that run on Ethereum or other smart contract. Smart contracts can automate issuance and increase access to funds for low capitalisation projects, but they wont replace those old networks of investors and lawyers.
And to the OP point, the regulations already exist! That's why US (and some other) citizens are excluded from just about every ICO, as they are from many IPOs. People have tried and succeeded to launch their dodgy fund raising before, some have failed, some have scammed, and rules and regulations exist. Cryptocurrency isn't doing anything new, only changes how some things are done.
What is the main function of investment banks? Its putting the deal together, securing the funding from other banks and investors to pool together the bulk of the issue, along with underwriting. This would still be needed in a system that run on Ethereum or other smart contract. Smart contracts can automate issuance and increase access to funds for low capitalisation projects, but they wont replace those old networks of investors and lawyers.
And to the OP point, the regulations already exist! That's why US (and some other) citizens are excluded from just about every ICO, as they are from many IPOs. People have tried and succeeded to launch their dodgy fund raising before, some have failed, some have scammed, and rules and regulations exist. Cryptocurrency isn't doing anything new, only changes how some things are done.
The reason IPO's raise more money, is because it's the only thing, which is allowed.
And US citizen being excluded is because SEC wants to get every penny they can out of their citizen. So they go after anyone, who receives funding from US citizen without being registered with SEC. Which is mindblowing in my opinion, but it just shows how much importance US as government has in the rest of the world.
Don't know about Wall Street but Eth will likely get a huge spike this year. Eth has been the most dominant cryptocurrency after Bitcoin and it has higher potential than bitcoin which is why many big investors are investing in it these days. If the Wall Street turns in to Ethereum , I am pretty sure ETH will go more than double in just a short time. Not to mention that most of the ICOs are using ETH these days as a mode of payment, it is likely for ETH to increase its dominance this year.
ethereum advertising team has started releasing these articles once again because their coin lost more than 70% of its value and now they are desperate to get it back and pump it once more.
unfortunately for WS the big players (banks) are already in ethereum. they have nothing to say if they try to enter it now.
the government can do whatever the fuck they want, bitcoin and the other decentralized currencies (excluding ETH because it is already centralized) will remain decentralized and will be traded in a decentralized manner if they push too hard with unrealistic and unfair regulations.
upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/
unfortunately for WS the big players (banks) are already in ethereum. they have nothing to say if they try to enter it now.
As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
Why?
Because the government needs to protect you!
the government can do whatever the fuck they want, bitcoin and the other decentralized currencies (excluding ETH because it is already centralized) will remain decentralized and will be traded in a decentralized manner if they push too hard with unrealistic and unfair regulations.
https://upvotesclub.com/the-ethereumization-of-wall-street-is-inevitable-expe-news/
I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
I read this article, thought, I'll share. It sounhds good, but I don't think it will happen that easy, Wall Street perfectly understands the dangers it is facing in the face of cryptocurrency markets.So they will lobby for heavy regulations and even if that happens, it will be on their terms. As a matter of fact, I think that once the cryptos will be "properly regulated" you will have to get "qualified investor" status in order to trade them.
Why?
Because the government needs to protect you!
It's a good article and pretty accurate. Ether is more of a danger to Wall Street than Bitcoin.
Most of wall street doesn't do payment processing (that's done by two monopolies, VISA and Mastercard). Wall street raises money for new ventures via Initial Public Offerings, which net Wall Street huge fees.
But why bother with an IPO, when you can do a cheap and cheerful ICO on the Ethereum network and raise the same amount of money, without the Wall Street fees?
Because IPO's raise 10x or 100x more money? And IPOs are for shares which give you equity - ownership - in business? Unless the structure of ICO changes pretty fundamentally they are not going to be of serious interest to Wall Street.
What is the main function of investment banks? Its putting the deal together, securing the funding from other banks and investors to pool together the bulk of the issue, along with underwriting. This would still be needed in a system that run on Ethereum or other smart contract. Smart contracts can automate issuance and increase access to funds for low capitalisation projects, but they wont replace those old networks of investors and lawyers.
And to the OP point, the regulations already exist! That's why US (and some other) citizens are excluded from just about every ICO, as they are from many IPOs. People have tried and succeeded to launch their dodgy fund raising before, some have failed, some have scammed, and rules and regulations exist. Cryptocurrency isn't doing anything new, only changes how some things are done.
If Wall Street knew how insecure Ethereum is and how its easy to make mistakes running smart contracts in it, they will drop it like dog shit. Remember the DAO or the Parity "bug"? Yeah, the developers assured everyone they were safe. One was hacked forcing Vitalik Buterin to change the transactions and the other one was incompetency.
Things will improve, I believe. With the cash injection into eth, and a determination of the team behind Ethereum, I believe, the security issues will be sorted. Besides, literally more than a half of the cryptomarket runs on Ethereum - it's not that bad.
Is it really for security purposes, or they just want to get a cut from it? If security issues for sure Devs can handle that easily, but the government is making on its way to somehow take part of the cryptocurrency, IMO.
If Wall Street knew how insecure Ethereum is and how its easy to make mistakes running smart contracts in it, they will drop it like dog shit. Remember the DAO or the Parity "bug"? Yeah, the developers assured everyone they were safe. One was hacked forcing Vitalik Buterin to change the transactions and the other one was incompetency.
Things will improve, I believe. With the cash injection into eth, and a determination of the team behind Ethereum, I believe, the security issues will be sorted. Besides, literally more than a half of the cryptomarket runs on Ethereum - it's not that bad.
If Wall Street knew how insecure Ethereum is and how its easy to make mistakes running smart contracts in it, they will drop it like dog shit. Remember the DAO or the Parity "bug"? Yeah, the developers assured everyone they were safe. One was hacked forcing Vitalik Buterin to change the transactions and the other one was incompetency.
Ethereum locking down the shadiness of Wall Street? Maybe. In an ideal world, but I doubt it's embraced anytime soon.
I actually read a similar version on cointelegraph and I guess it could work. I don't really see why not. Just look at ICOs, they are complete madness right now, so if companies start building IBOs (Initial Bond Offering) you will be able to cut down the middle man (investment banks), and go directly to the investors. Companies will not just get access to a larger number of investors, but will also save a ton of money in fees etc.
This might be the next big thing for ethereum, or other coins that enable smart contracts. Cryto can be everywhere in the finance world, and it's here to stay.
This might be the next big thing for ethereum, or other coins that enable smart contracts. Cryto can be everywhere in the finance world, and it's here to stay.
But than IPO will be dead, and that's going to hurt A LOT of people in the finance world
That's an interesting point to use Ethereum smart contracts for IBO (Initial Bond Offering). This Bonds market looks huge, about $3.5 trillions worldwide. As it's mentioned in the article standardized smart bond contracts can become available soon, which will simply moon Ethereum CAP.
Great news, what else can I say.
Great news, what else can I say.
I actually read a similar version on cointelegraph and I guess it could work. I don't really see why not. Just look at ICOs, they are complete madness right now, so if companies start building IBOs (Initial Bond Offering) you will be able to cut down the middle man (investment banks), and go directly to the investors. Companies will not just get access to a larger number of investors, but will also save a ton of money in fees etc.
This might be the next big thing for ethereum, or other coins that enable smart contracts. Cryto can be everywhere in the finance world, and it's here to stay.
This might be the next big thing for ethereum, or other coins that enable smart contracts. Cryto can be everywhere in the finance world, and it's here to stay.
Jump to: