RE: Bitcoin is the Anchor and Focus, Every Other Coin That's Better Doesn't Really Matter
When Plasma/Sharding/POS and other things happen on Ethereum it is going to be a lot more obvious that Ethereum is going to take over. ETH already has more tx than bitcoin per day and cheaper fees. In terms of more popular, ETH has more TX per day but isn't used by as many people/businesses just yet(and the market cap isn't higher than BTC).
Bitcoin doesn't have smart contracts because the people who took over Bitcoin disabled OP codes that used to allow them. Vitalik was going to develop Ethereum on the Bitcoin network but didn't because he knew it was too centralized in control of the devs and they could just turn it off.
Tons of people play video games like Wow/Runescape/CS:GO/PubG and are willing to pay real life money for skins/content/gold/whatever, ETH allows them to do that and there are a lot of games coming out that will have that built in.
Wax tokens, HeroTokens(Play), Novatokens, and many other betting/gaming tokens are going to be worth a lot in the future(especially if the game they are for does really well).
Though later the decentralized world will switch from Tether(centralized money printing machine) to Make DAI(provably decentralized and money only created when someone puts ETH up to back it). DAI will then be used to raise funds for ICOs instead of all these shit coin ICOs(vitalik talks about that a lot now).
There is an interesting podcast I was listening to awhile back stating that only 5% to 10% of someones peer group/group of people they know/follow online needs to like something for them to take an interest in it and maybe change their mind. Kind of the "early adopter" mechanism where people who are more open to change will use the newest tech/newest thing first and the rest follow. ETH was something a lot of my peer group has changed its mind on due to the evidence
Only a matter of time!
NIce, you know a lot more about ETH and the potential future than me. I knew people spend money from reality into fake unreality games, but didn't know ETH was being used.
Yeah, adoption only requires a critical mass of people to spread the influence and increase adoption to the masses.
What do you mean someone putting up money to back up and create the new money? Currently it's the chain or miners that create it, but you are saying it will be user currency backed instead? Can you elaborate on how that works? Thanks.
You would need to check out the White Paper for Maker DAO as it has a lot of complexity to it to briefly explain it. https://makerdao.com/
Ethereum has a lot of stuff going on like 0x exchange that allow anyone to trade anything, for any amount, to anyone. You could trade an item from one game for an item in a completely different game for example, or trade ETH for an in game item(for now it has to be ERC20, ERC720, ERC721 on the ETH chain). All free and done via smart contracts through a decentralized system. Places like 0x https://www.0xproject.com/portal They are the step forward for having completely decentralized exchanges on everything, and no fees.