The greatest motivation for Crypto success are hatred and fear.
BTC is succeeding because people hate/fear Central Banks printing money , so people love BTC and hate Central Banks.
Ethereum doesn't put itself up against the printing of money but against companies instead. Google, Apple, Spotify etc. People don't hate those companies and to the extent that they do....they manifest their hate by asking Government to tax them more, not migrating to a super hard to use and super costly decentralized platform to undercut their power. The consumer doesn't think in those terms.
If you think the point of decentralized systems are to ONLY replicate Google / Apple / Spotify services but in a decentralized manner, then you're mistaken.
When the internet came along, it wasn't to only replicate the Post-office or to just make mails faster. The internet enabled a lot of things you couldn't even predict at that time (or perhaps some could, if they truly understood the tech).
There are lots of things that the blockchain enables that you just cannot do in the traditional world even today. Couple of examples:
- You can use your tokens as collateral, borrow stablecoins and pay off your mortgage while the loan pays itself off from the interest being generated by the collateral - you do not have to pay back the loan => https://alchemix.fi/
- (Borrowed from another user in this thread) Flash loans provide the ability to atomicly borrow infinite money for the duration of a transaction, with no collateral or credit. This money can be used for arbitraging or just to provide working capital for a complex operation. If the loan isn't repaid by the end of the transaction, the whole transaction is cancelled. => https://www.youtube.com/watch?v=mCJUhnXQ76s
There's clearly going to be a lot more use-cases in the future. Finance is only the first field which is getting explored at the moment.
The greatest motivation for Crypto success are hatred and fear.
BTC is succeeding because people hate/fear Central Banks printing money , so people love BTC and hate Central Banks.
Ethereum doesn't put itself up against the printing of money but against companies instead. Google, Apple, Spotify etc. People don't hate those companies and to the extent that they do....they manifest their hate by asking Government to tax them more, not migrating to a super hard to use and super costly decentralized platform to undercut their power. The consumer doesn't think in those terms.