the masses don't care about these things, at least right now. i think they just want their money to be safe. here in the US, the arguably wealthiest country in the world, only a small % own things like stocks or bonds let alone assurance contracts or derivatives.
I've been saying this for years. Think of all the tricks that people have to do to protect their savings nowadays. Even in its current form, Bitcoin is easier - and perhaps safer - than every other way, at least for people that are able to manage (or learn how to manage) secure passwords.
so yes, the fact that Bitcoin is
money is what brings us all here. it's the most liquid and generally accepted of all "assets". Bitcoin is first and foremost a financial concept. that being a fixed supply new form of money. Satoshi took that precept and racked his brain trying to figure out a way to bring technology to bear to enforce that concept. he came up with the blockchain as a specific technological implementation to achieve this. it employs POW to incentivize mining. miners jump all over this and mine like hell to try and capture block rewards and fees which comes in the form of money. not stock, not bonds, not debt, not assurance contracts, not derivatives.
money. with any of these Bitcoin 2.0 platforms, i don't see a truly strong incentive to mine those blockchains. as a miner, i wouldn't.
all those different forms of assets can be thought of as play tools of Wall Street=the minority. the masses represent the majority in terms of sheer numbers, however, and they possess very little of those investments today. they just want their money to be safe. Bitcoin represents the first time in history where they have that chance. the stakes are much higher in inventing a new form of money compared to these other assets. look at the forex markets compared to all other markets. they're huge in comparison. and it's in the markets involving money where the real problem lies due to the Fed and central banks. i think in the long run the masses prefer Bitcoin as an investment than any alt.
hence, the blockchain may end up being only applicable to Bitcoin as money. i can't be sure of this but i think it's quite possible given how things are evolving.
