I am new to the world of blockchains. I worked briefly for a blockchain venture until they started working with banks. Not a judgement call, I am simply more drawn to crypto-currencies as a fuel for micro-economies rather than a tool to lower banks' operational costs. Today I visited Ripple's website, which seems to be the 3rd largest crypto-currency, and I saw it is very bank-oriented.

I wonder what makes blockchain ventures pivot to the banking industry? Is it only the fact that banks have a need for security which gives early stage ventures a clear financial path? Does the difficulty to ignite the masses' enthusiasm regarding decentralized asset systems play a role?

Regarding Ethereum, between serving the financial industry and bringing blockchain to the masses, does the Ethereum project have any stated desirable path or is it non opinionated?

closed as primarily opinion-based by Nicolas Massart, Hudson Jameson May 13 '16 at 21:59

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

  • This seems too vague and subjective to usefully answer. – Nick Johnson May 13 '16 at 15:04
  • I can see what you mean, I had put an effort to try and form my curiosity as a question. I guess if there is a focused inquiry here it would be - where are the Ethereum founders currently positioned world-view wise? Or to put it differently - would people be surprised if they pivoted to the finance industry? – Guy May 13 '16 at 15:28

does the Ethereum project have any stated desirable path or is it non opinionated?

Ethereum is non-opinionated because it is a platform for applications and computer programs. Its generality, in addition to the technologies, is one of the things that can make it difficult to explain: How would I explain Ethereum to a non-technical friend?

Cryptocurrency ventures pivot to banking because they are currencies. An insight of Ethereum is that blockchain technology can be made to a platform, so that instead of just having banking or currency applications, anyone can write any type of application that makes appropriate use of a global public database (the blockchain).

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