Because I love financial products that help me retain my earned money, and am avid about getting the best deals. Right now I have 0$ transactions, 3.75% actual guaranteed returns on cash (not a 50% chance of being worth $0 by next year a la FTX, genesis, blockfi, etc.), 3% cash back on transactions that cost a business 2.5%, and would love a cheaper HELOC than traditional banks. However, none of anything you mentioned actually does any of this better, the things that 99.8% people actually want, rather than speculative "investments" they're hoping to sell for more later.
What's that YC slogan again? "Make something people want."
What does this reference?
https://fred.stlouisfed.org/series/M2SL
Ethereum offers a way to step outside of it and is creating a decentralized, deflationary money.
Deflationary money means "whoever got in early and got the most money is going to be ultra-rich forever, unlike the poor sods who get in years/generations from now"
https://wtfhappenedin1971.com/
If you think about it when you turn on a money printer, those closest to it (elites, the well connected) are going to catch most of it.
Which graphs? I wasn't talking about 1971 or the largely US-specific chart of not compensating people.
I'm talking about deflationary currency. With a deflationary currency people who got in early and got the larger part of the pie will for ever be ultra rich, and get richer.
Because the money you get now will only increase in value over time. So you got in early and got a single coin X for something. Congrats, you're nearly infinitely richer than, say, your grand kids who'll be getting fractions of a percent of that coin for that same something.
ETH is also inflationary…
As I expected; a whole bunch of buzz words and given the chance to produce a single real example, no actual use case for the 99.8% consumer.
Heartbleed, Shellshock, Log4Shell, Spectre... there are plenty of examples of serious flaws found in software far more mature than these smart contracts. Audits and testing only confirm the presence of bugs, not their absence.