Ethereum - most valuable tech ever?
First its a basic question is the internet eating everything? Now if you believe the internet has the potential to eat everything then some protocol will eat contracts and Ethereum is the super dominant contender to eating all contracts. If Bitcoin wants to eat savings then Ethereum wants to eats contracts what's the value in that, well think of it this way everything in the financial universe is contracts, stocks are equity contracts that entitle you to ownership stake and dividends, bonds are debt contracts that entitle you to principal plus interest upon the borrower and finally you have financial derivatives contracts that represent over $1 quadrillion dollars in notional value on top of underlying assets such as stocks, bonds, commodity contracts, etc... If you think about it in those terms the amounts of wealth stored in savings is tiny compared to the amount of wealth stored in financial contracts. :0
Wow. Ethereum will be bigger than bitcoin. I can clearly see. Bitcoin is going to be swallowed by etherum. Imagine a super contract coming. It will be funded through ethereum. All other smaller contracts too will follow. Its the bigest thing. I never got it more clearer. Thanks for sharing @lewis831
Anything that can be done digitally, will - in the end - be done digitally. The fact that 'transferring value' over the Internet without constraints is now possible, we have a lot of catching up to do.
The most intriguing question will be: how are developers going to make this user friendly? The ones who can solve this puzzle first, will be the big winners.
Oh yeah agreed currently Ethereum has all the developers and they are working like crazy to build all kinds of applications using the tech. :)