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by twerpy_d 2895 days ago
It has already gained adoption outside of that sub cult. All of the major financial institutions are researching applications of blockchains - many on top of private ethereum deployments. Ethereum is PROGRAMMABLE MONEY. It's a technology that's certainly here to stay, but that's not to say that ethereum itself will be the dominant platform.
1 comments
cryptobeanbaby 2895 days ago
>Ethereum is PROGRAMMABLE MONEY

What if someone just programs more programmable money?

Also why would anyone want to use a system where over 71% of all money is owned by a small group of anonymous oligarchs?

  Presale ICO / Premine ( max cost $0.50 USD per ETH  )
  = 72,009,990 ETH
  
  Total Supply today (Jul 19th 2018)
   = 100,773,797 ETH

  Source:
  https://etherscan.io/stat/supply
Not to mention, Ethereum and DAPPs can't validate any interesting external data without relying on centralized trusted data sources - at which point it becomes cheaper, more efficient, practical and legally accountable to just set up a normal database app.
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twerpy_d 2894 days ago
Most financial applications or experiments in the space are not conducted on the public blockchain so the oligarch aspect of it is not applicable - and no someone can't just program more money on the public blockchain - the blockchain exists to validate the amount of money flowing through it. If someone "programs more" that's essentially a fork and they can't transact with it unless other folks in the network fork as well.
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