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RE: Bitcoin is the Anchor and Focus, Every Other Coin That's Better Doesn't Really Matter
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.