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Based on this, it seems to me that financial corporations didn't want to take the risk of decentralized crypto-currencies making them obsolete, so they decided to create their own crypto-currency, one they can control...


Regardless of your opinions about Ethereum, its origins were decidedly non-corporate.


According to Wikipedia it was started as, and at, a Swiss corporation, followed by raising a crowd investment.

So it was a funded corporation before it was a cryptocurrency.


however that swiss corporation is Ethereum Switzerland GmbH which kinda exists for the sole purpose of making Ethereum


It exists for the sole purpose of benefiting its investors and whoever may be behind any investment fronts used to push that currency. I wonder who they might be?


The Ethereum crowd sale participants?


That is the opposite of the truth.




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