The Cryptocurrency Dossier: Part 1 © 2017

In 2010, programmer and early Bitcoin trader Laszlo Hanyecz reached out online, offering to use Bitcoin to pay for some pizza. He found a taker and paid the equivalent of $25 to $30 in Bitcoin for a fellow trader to bring him two pizzas.

That amount of Bitcoin involved on that day was 10,000 units. In today's value, that would buy you $24 million in pizza. That's quite an upcharge for toppings.

It's a great story to tell at dinner or a cocktail party. Not only is it amusing and witty, but it is an extreme indication of how far alternative currency has come despite so many traditionalists betting against it.

But the people who really know what's going on are hoping on board.

The Enterprise Ethereum Alliance debuted in 2017. It's a consortium of leading banks, tech companies, and others interested in developing "enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business."

Members include banks like JPMorgan Chase, BNY Mellon, Credit Suisse, and UBS Group. Tech companies on board range from titans like Microsoft and Intel Corp. (Nasdaq: INTC) to blockchain startups.

The Enterprise Ethereum Alliance also has some less predictable members, such as oil giant BP PLC (NYSE: BP).

What does all of this mean for us?

The big boys are on our side. And their money will sway the success of Ethereum significantly.

What excites you most about this new form of digital currency? Let us know below!