and also the business world that you are talking about will never use ethereum, they only get in, watch and learn, then go implement their own thing to have extra security and don't worry about the 72 million ETH token premine thing...
Almost all altcoins can do what bitcoin does but better yet bitcoin is still on top. Why? Because it is the first cryptocurrency on the market. The same can be said of Ethereum, smart contracts can be done by other coins yes but Ethereum has first mover advantage. As for the premine it was never hidden from the public.
not at all.
first of all bitcoin is NOT the first cryptocurrency on the market. there have been a couple of others before bitcoin and some more just small projects not a full network before it. but bitcoin thrived among them and became big. so it pushed them aside and became number 1.
also bitcoin doesn't have a premine but eth and most of the altcoins do.
bitcoin have a good developing team that has been checking the code, improving and other things. but none of the altcoins can say the same. they fail to do simple things. ethereum is easily exploitable for example.
bitcoin has the most secure network which none of the altcoins have.
bitcoin has the most adoption among merchants which NONE of the altcoins have, the altcoins never leave exchanges and ethereum is never used in anything other than smart contracts which is a fancy word for ICO scams.
and a lot more ..
so you see the fact that you are not informed properly doesn't mean you are right. people didn't randomly choose bitcoin for investment or for store of value or for usage as a currency they chose it because it is the best thing among all the cryptocurrencies. but in the past couple of months because of problems the fees have gone up and all the altcoin pumpers are using this fact to milk the masses out of their money by fooling them into investing in all the altcoin craps.
I suspect herbert knows what he is talking about.
In the example of rent as a smart contract, I fail to see how bitcoin could not serve this same purpose, I mean you could just use a normal contract and use bitcoin to verify that payment is being sent from one address to another. Please explain to me where the actual value added proposition of ethereum over bitcoin comes in.