This is the issue we are facing here with every coin, including Bitcoin. there probability of being used by a broad population is very low, but as bitcoin showed and still showing, as times passe the latter probability increase.
Don't forget that we are speaking about a disruptive innovation here, that is better in all ways that what we currently use.
Bitcoin started with a niche use case.
Synereo will go no where without one. Ditto every other altcoin.
hence all the "it's not money, it's something else"/Blockchain as a Service-coins popping up, like ETH, Lisk, Waves and so on. I'm curious to see where this is going.
Yeah but those niches need to actually work technically and exist. We've done a thorough job of destructing ETH in the Ethereum Paradox thread. I did an initial analysis of Synereo's niche and afaics is based on flawed concepts such as the value of paying social network users to share which I think is entirely undesired and uneconomic for the same reason that ads have a reputation of being mostly spam (linked upthread).
I don't know enough about Lisk and Waves to comment meaningfully on them.
Well, if you take it all together, you can see that something is cooking. I don't believe that BaaS is just a means of creating (fake?) value for a coin, I think a lot of people think the blockchain technology is a game changer and are now trying to find out what to do with it, apart from making money. Although, it might be a problem that they are fuelling their innovation and popularity by trying to drive the "get rich with us" train, which attracts a lot of people, who are only in it for fast profit (myself not necessarily excluded
). It is telling that projects like Bitnation don't seem to have a lot of popularity in this forum(regardless of the validity of the idea).
I don't believe that ETH is the one thing making it happen, and I don't believe it's Lisk (or Waves, for that matter) either. But you gotta start somewhere.
Ok, I got a little OT, sorry. I guess, I'm out.