You make it sound like ether can only be used to pay for gas. It can also be transferred to another account in a transaction, it's the native currency for making payments. It will also be required for staking.
At this point, the "native currency for making payments" seems to be moving to 'wrapped ETH' or something like it, since all the higher-level infrastructure being built for security tokens et al, assumes contracts on both sides of the transaction.
> It can also be transferred to another account in a transaction, it's the native currency for making payments.
yeah, with better competitors on its own blockchain!
DAI and other stable value assets are good enough for that. DAI even has its own sidechain xDAI to let it be the native unit without needing Ether as gas, and can settle states back to the Ethereum Blockchain.
Looking forward to the staking. Vitalik has so far been a one-hit wonder 6 years ago, not sure if you should really listen to him, but some people plan on rolling out the staking version soon.
derefr|6 years ago
rolltiide|6 years ago
yeah, with better competitors on its own blockchain!
DAI and other stable value assets are good enough for that. DAI even has its own sidechain xDAI to let it be the native unit without needing Ether as gas, and can settle states back to the Ethereum Blockchain.
Looking forward to the staking. Vitalik has so far been a one-hit wonder 6 years ago, not sure if you should really listen to him, but some people plan on rolling out the staking version soon.