75 karma · joined July 31, 2012
The question in my mind is: will Ethereum's network effect buy it enough time to scale and get to an optimal "ETH 2.0" state where fees are negligible and throughput is high? Or will it be supplanted before then? My money is on the former, but it's certainly a question worth pondering!
3. Ethereum is far more secure in an adversarial environment. 51% attacking Ethereum would require more capital than performing a similar attack on other chains.
ethsites TLDR: host unstoppable censorship resistance websites that can be accessed anywhere in the world (as long as you can remember a small JS snippet or print it on a tshirt or something)
By doing this, they are gaining access to the greater crypto ecosystem while still maintaining centralized control when they need it.
Here's a little example of how this might work in practice:
1. You hold $100k in your JPM money market account
2. You convert $25k of that to JPM's stablecoin on their Quorum chain
3. You withdraw this $25k JPM-coin to the public Ethereum blockchain
4. You use it in Ethereum's burgeoning "Decentralized Finance" or "Open Finance" protocols.. some examples: https://www.dharmalever.com, https://compound.finance, https://www.augur.net/
5. You finish what you're doing, and transfer it back to your JPM account
however, do note that the real-time video compositing is done with a different library (https://github.com/brianchirls/Seriously.js/