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RE: bitusd and tether and bitshares potential market cap
If you consider bitUSD to be money, than money are to be used. I always thought that without eBay like market for physical goods for non cryptofans there will be only a few bitUSD.
A couple of years ago no one was accepting bitcoin as a payment and now one can buy a lot of things with bitcoin. I believe that those who accept bitcoin as a payment should also accept bitusd as a payment. In the end of the day the merchant doesn't want to have bitcoin's volatility but rather bitusd stability.
The reason that not many merchants accept bitusd...yet..is that bitshares in reality is only starting now..It can't be compared with bitcoin's network effect..yet..I think that once POS for bitassets are in place (thank you @kencode) and with some more marketing and effort from everyone from the bitshares community, bitassets can become very popular.
I am with BitShares from the PTS days and I believe in bitUSD and other bitCurrency. Hopefully we are right.
But there is also plenty demand for stable crypto coin on blockchain without counter-party risk. I'm using bitCNY for this purpose now.