>Ethereum is PROGRAMMABLE MONEY

What if someone just programs more programmable money?

Also why would anyone want to use a system where over 71% of all money is owned by a small group of anonymous oligarchs?

  Presale ICO / Premine ( max cost $0.50 USD per ETH  )
  = 72,009,990 ETH
  
  Total Supply today (Jul 19th 2018)
   = 100,773,797 ETH

  Source:
  https://etherscan.io/stat/supply

Not to mention, Ethereum and DAPPs can't validate any interesting external data without relying on centralized trusted data sources - at which point it becomes cheaper, more efficient, practical and legally accountable to just set up a normal database app.