Ethereum Looks And Feels Too Much Like The Future

Ethereum’s ambition

Ethereum is not Bitcoin 2.0 – it is much more than that. Imagine building The Matrix. Lots of moving parts, and tonnes of effort to get there. If you focus on the attacks and other challenges, you are completely missing the big picture – Ethereum looks, sounds, and works too much like the future. Read up the Ethereum use cases – don’t you feel like you are getting a solid peek into the future? Would any of us want to bet against something that is SO close to how we all think the future will look like? With Oracles and Smart contracts and Merkle trees and Proof of Stake and all that stuff – it is one right thing after the other?

Sometimes we tend to deny obvious things. Like this one – Bitcoin would be the Gold of the future, and Ether would be the oil.

While there are alternative stores of value, Gold has been the most preferred in today’s world, and Bitcoin would be the most preferred in the future.

While there are alternative energies that exist today, oil is, well, oil. While there can be alternative networks and their corresponding ‘fuel’ currencies to run the networks of the future, Ethereum would be the most preferred P2P network, and hence Ether would be the most popular ‘fuel’.

Bitcoin would be the Gold and Ether the oil of the P2P future that we are all moving towards. It is actually as simple as that.

Ethereum looks, sounds, and works too much like the future. Rome wasn’t built in a day, but they were laying bricks every hour.Rome turned out to be beautiful. To build Ethereum, folks are laying bricks every minute. Ethereum will be beautiful too!

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Fed Rate Hike: Quoted reasons not supported by facts

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FX Markets: Trading volume dips in 2016

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FinTech Start-ups: Funding Doubled In 2015 To $12.2 Bn

We spotted this stat today:

“As such, FinTech is gaining significant momentum and causing disruption to the traditional value chain. In fact, funding of FinTech start-ups more than doubled in 2015 reaching $12.2bn, up from $5.6bn in 2014 based on the companies included on our DeNovo platform.”

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You’ll Never Guess: Assets Under Management For JP Morgan Chase

We spotted this stat today:

“It’s roughly 10 times bigger than its balance sheet lets on. As of its latest quarter, it reported nearly $21 trillion worth of assets under custody and management. Add that to the $2.5 trillion on its balance sheet and you’re looking at a bank that controls assets valued at just under $25 trillion.”

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‘Affordable’: 100 Units A Month At Around $20,000 A Pop. What?

Well we couldn’t guess this one – we spotted this stat today –

“Australian company Metamako’s network switch is able to route incoming information through to trading servers in just four nanoseconds, and can lower the time it takes to execute a full trade—from the time it receives market information from a stock exchange to the time it sends out a “buy” or “sell” order—to just 85 nanoseconds, nearly three times faster than Cisco’s general-purpose networking switch.

The lightning-fast gear is just one link in the high-speed trading chain, of course. Servers have to parse incoming information, make a decision, and send the order back to the switch, before it heads along super-fast cables to an exchange. But Metamako’s hardware highlights the lengths that traders are willing to go to lower the “latency” of every component in their setup. The company figures it sells about 100 units a month at around $20,000 a pop—according to the Wall Street Journal’s piece on the company, that’s pretty affordable compared to many of the components in a high-speed trading rig.”

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Dividend Statistics: 394 Companies Trimmed Dividends In 2015

We spotted this stat today:

“In 2015, 394 companies trimmed dividends, according to data provided by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. That was a whopping 38 percent increase over the previous year, and it was 23 percent more than in 2008, an awful time for the stock market and for the economy.”

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USD 404,800: Average Wall Street Salary In 2014

We spotted this stat today:

“Average salaries, including bonuses, grew by 14% in 2014 to $404,800, according to a new report from New York State Comptroller Thomas DiNapoli.

After inflation, pay in 2014 was the third highest on record.
The average Wall Street salary was nearly six times that of the rest of New York City’s private sector, where the average salary was $72,300 last year.”

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In The Money: ETF Industry Now Bigger Than Hedge Funds

We spotted this stat today:

“The exchange-traded-fund (ETF) industry is now bigger than the more established business of hedge funds. Assets in the global ETF industry were $2.971 trillion at the end of June, according to ETFGI, a research firm, $2 billion ahead of the hedgies’ $2.969 trillion, as calculated by Hedge Fund Research” Source

It could be the low costs for ETFs – but this definitely seems like a trend in the making.

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Did You Notice? The Most Profitable Quarter In Corporate History

We spotted this stat today:

“In the final three months of 2014, Apple sold 74.5 million iPhones and earned $18 billion—the most profitable quarter in corporate history.” Source

We had not spotted that one – but that is a HUGE statistic. 18 Billion Dollars in Profit, in One Quarter. WOW.

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