Viewing a response to: @merej99/mainstreaming-cryptocurrency-three-ecosystems-that-will-lead-the-way
Hi @merej99, good to see you back in circulation! What do I think? Well, a couple of days ago, I wrote a piece questioning to what degree cryptocurrencies are actually "currencies" (as opposed to something more like common stock)... and what we need to do to create "economic systems" to lend cryptos a greater level of utility. Which, I believe is ONE challenge we need to overcome. The mainstream don't see cryptos as "useful" since you can't just pop down to 7-Eleven and buy a sixpack with Bitcoin. The other challenge, I think, is volatility... and especially the ongoing trend that cryptos can increase massively in value. Why would you SPEND your Bitcoin on a lawnmower if you could just hang onto it and have enough for THREE lawnmowers? It creates a strange lack of... *product-liquidity*... because actually *using* cryptos isn't always the most attractive option. If the price/value were more stable-- like SBD-- I think mainstreaming would become easier...
post_id | 13,619,033 |
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author | denmarkguy |
permlink | re-merej99-mainstreaming-cryptocurrency-three-ecosystems-that-will-lead-the-way-20170924t064945390z |
category | cryptocurrency |
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root_title | "Mainstreaming Cryptocurrency: Three Ecosystems That Will Lead The Way" |
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