too early imo. i'd like to see more exchanges to have bitUSD available for trading and get the volume up. this would only mean more and more people are holding, buying-selling it. and the more volume and the more people that buy and sell it, it will have tighter spreads making the volatility also go down.
by then, it would make sense for merchants to accept bitUSD.
Is it really too early if the peg officially works? If the peg works then the whole industry needs it ASAP.
For example if I want to pay people in cryptocurrency now I can do it with BitUSD but no company is set up to help me so I keep cashing out into fiat.
Another example is if I want to get paid in cryptocurrency, there is no company to allow me to get paid in any asset I choose. This would be wonderful if we could all work and get paid in any BitAsset.
Finally businesses that might want to hold onto some cryptocurrency currently cannot. They are forced to cash out. Overstock, NewEgg, Dell, and others all seem to be interested in holding. Suppose we have BitUSD which actually gains in value?
Demand is coming from everywhere and it's really only a matter of whether or not the technology works. If it works then we should approach the moment we can prove it works.
You're right about the client but think of the fact that it's open source. If we get corporations on board like BitPay, Overstock, Dell, they could fund development of the client because it might actually be in their economic self interest to do it. The same way IBM and other companies funded Linux development.