@TPTB: I have a theory regarding ETH. We all thought wallstreets would wake up to BTC at some point and they would end up buying it from us. We all thought we were front running them. What if Wallstreet has another strategy ? they back coins such as ETH, and use their enormous positions to pump the price to agitate greed inside us so we give them our rare btcs for their unlimited eth ?
Excellent! Yeah the game theory is complex.
I have a simpler theory. Ethereum giving their forum the heave-ho was a signal that they're going after outright start-ups & flogging Ethereum as a platform for them. In other words, they're hoping to form alliances with firms like Augur instead of building & maintaining the grassroots. They're also working the mainstream business press and getting some attention there. Their goal seems to be for ETH to become synonymous with "blockchain."
Earlier today, I found an article on the Cisco Network which depicts a Brooklyn start-up that aims to create a decentralized alternate grid for solar-power generators, who as of now are obliged to shut down their solar thingies when the grid goes down - as it did after Hurricane Sandy - because otherwise the still-up parts of the grid would be juiced & dangerous to the emergency repairfolks trying to restore it. Their startup in question is called LO3 Energy and it plans to use Ethereum now that it's struck an alliance with Consensus Systems and come up with a thingie called the Transactive Grid.
Here's the write-up:
https://newsroom.cisco.com/feature-content?type=webcontent&articleId=1756804Would you say that "blockchain" becoming a buzzword presents a new game-theoretic challenge? When ya think about it, the word "blockchain" is both abstract and agnostic as to the associated cryptocurrency. If Ethereum succeeds in its hustle-the-startups plan, the financial press will fall into the habit of treating Ethereum as a metonymy for "blockchain." If they succeed, that is.
