In r/Ethereum, a Reddit user asked fellow community members how ETH could reach a market capitalization of $500 billion. Criticizing the use of smart contracts for real estate, the Redditor noted that they had not seen a convincing case that could solidify ETH’s value, like how Bitcoin (BTC) is viewed as a replacement for gold.
Redditor u/WarhorseLand offered a rebuttal to the original poster’s perspective on smart contracts and real estate. According to u/WarhorseLand, while there have been no applications yet, the real estate industry can prevent “closing day wire fraud” through the security offered by smart contracts.
Additionally, u/WarhorseLand argued that universal trustless authentication is “the best use case” for smart contracts. The Redditor believes that a use case letting people prove who they are without a doubt could spur positive price action for the digital asset.
Redditor u/SgtHappyPants brought up several use cases, including decentralized certifications and financial contracts. They also highlighted the importance of decentralized autonomous organizations, or DAOs. According to them, Ethereum is a global interaction platform that enables a new class of organizations.
Another participant compared Ethereum to popular platforms like Craigslist and Ticketmaster….