Ok, I think I'm done talking about basketball this year. Unless we make an SECT run. It just makes me too discouraged. So instead, how about we circle back around to a discussion last week on cryptocurrency. We were all enthralled with JimmyChaf's Bitcoin purchase and fight against an evil Polish hacker. But during that thread, someone mentioned Ethereum/Ether, which is a different kind of cryptocurrency.
I researched it a bit and it actually seems to be superior to Bitcoin. It was trading at about $13, so I bought some last week. It is now up to almost $19. Within that week, there were a few big announcements"
https://www.nytimes.com/2017/02/27/...-alliance-business-banking-security.html?_r=0
"
Microsoft,
JPMorgan Chase and other corporate giants are joining forces to create a new kind of computing system based on the virtual currency network Ethereum.
Some 30 companies are set to announce on Tuesday the formation of the Enterprise Ethereum Alliance, which will create a standard version of the Ethereum software that businesses around the world can use to track data and financial contracts."
Then, during the announcement of the Ethereum Alliance on Tuesday, Vivek Kohli of Bank of New York Mellon said: "We are a bank. We would never use Bitcoin." The implication being they WOULD use Ethereum.
I really think big things are ahead for ETH. There's a chance that all crypto crashes a bit if the Bitcoin ETF isn't approved on the 11th. But the more research I do on Ethereum, the more it looks sustainable and like it might be the next big thing. Anyway, maybe I end up being wrong because I don't really know what I'm talking about. But for anyone who is interested, you might want to take a look at it. It is under $19 right now, and plenty of smart people think $50-$100 by the end of the year is possible. And the more hopeful/optimistic think it could surpass Bitcoin over the next 2-3 years (a combination of BTC moving down and ETH moving up). It is at least worth a flyer.
nypost.com
