Hacker News Reader

Many of these transactions are not using ETH the currency, just Ethereum the network. Ethereum has many tokens such as stablecoins (USD pegged tokens), governance tokens (capital assets), synthetic assets, even wrapped versions of Bitcoin.

Ethereum is still a "world computer", but it's a world computer for high-value transactions, which are generally financial.

How so? Ethereum requires a computer, and it's far cheaper to compute on your computer than compute has on your computer.

Ethereum is an unstoppable world chat room (ledger), maybe.

Transactions on ethereum get processed from the mempool in order of who wants to pay the most gas to have their stuff processed.

And yes, ethereum has more potential for problems, it's a much more complicated system than bitcoin. Their current goals are proof of stake (getting away from energy wasting mining) and scalability. Bitcoin is great for what it's great for, being digital gold, but it's pretty far from replacing Visa, ethereum actually has a shot at that.