BitUSD would be a great alternative to Tether if anyone used it. It's not listed on exchanges (except Bitshares DEX of course), it's not accepted by merchants... why? It's the most stable cryptocurrency there is. Yes, it fluctuates slightly but there will always be a time when it will go the other way, so you can basically accept and/or spend it as a "dollar."

If we all switched to using Bitshares smart assets, or something like them, we could cut out the centralised point of failure once and for all. So why the hell isn't it happening?