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> I don't know of any stores that take ETH, while plenty take BTC. BTC also completely runs the economy of the DarkNet. Bitcoin is "digital gold" while Ethereu
by patrickk 9y ago
> I don't know of any stores that take ETH, while plenty take BTC. BTC also completely runs the economy of the DarkNet.
Bitcoin is "digital gold" while Ethereum is a bit like "digital oil". So the main value of Ethereum should (in theory) arise from decentralised apps and smart contracts.
Therefore, if use cases like (for example) Bosch's proposed idea of using smart contracts to eliminate fraudulent odometer tampering[1] or Santander's experiments with allowing their customers to buy digital tokens from their bank account takes off[2], that's where the value will come from - not necessarily DarkNet stores or other transactions.
[1] https://www.ethnews.com/bosch-using-blockchain-technology-to-stop-illegal-mileage-manipulation https://www.ethnews.com/bosch-using-blockchain-technology-to...
[2] http://www.coindesk.com/santander-vies-become-first-bank-issue-digital-cash-blockchain/ http://www.coindesk.com/santander-vies-become-first-bank-iss...