Ethereum is the most functional and utilized blockchain that hosts a native asset with these qualities. "Ethereum killers" remind me of "Tesla killers"... adoption of Ethereum continues to grow despite more competition in this space.The development of new smart contracts is incredibly difficult because even the slightest bug can cost millions of dollars. The public is aware of this, and even a perfectly implemented Dapp takes time to gain trust from the community. Projects that are reaching maturity, stability and trust on any blockchain platform will face extreme friction against the possibility of being ported to a different system. This is one more reason why the network effect of Ethereum will be incredibly hard to be broken even if better tech comes along.There is another possibility for Ethereum that has not been discussed: it can serve as the base for a full reserve banking system. In a nutshell: a consortium of banking companies can be formed to standardize a framework to hold and stake Ether under custody in exchange for wrapped Ether. Customers deposit Ether, banks exchange it for wETH and stake the original ETH. Resting balances of wEther on customer accounts can receive a cut of the staking rewards. Banks get their profit model, customers get to spend wrapped Ether with traditional banking services and yield. Ether will be a godsent to banks in the land of negative yields.Moon time? 10 years, 100x, or I eat my own dick.
Submitted December 11, 2020 at 09:11PM
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