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RE: Most People in Crypto Don't Really Care About a Financial Revolution
That was exactly what I was about to write. Cryptocurrency future is highly uncertain because of current exchange-mania. Besides bitcoin which is used as a gateway currency to the markets and a small fraction as a payement currency, I really don't understand from where this price rise comes from? Is it a certain bubble? Doubt it. It sure has a exchange purpose, until or when it goes mainstream, then the blockchain could see some practical use and possibly a competition to fiat. Thanks for this article.
Lets hope so!
However, if I would like to buy stuff with crypto's right now then i have to buy crypto's with fiat for a premium from the exchange i'm buying from. Plus the business which accepts then will charge us the same premium for converting it back to fiat... So until I get my paycheck in crypto's, this remains a problem...
The annoying part is the high tranzation fees and the forever waiting time ..
I think it is because for most currencies you need to buy bitcoin to buy the currency you want. But luckily there is the Gulden (NLG), what is getting more accepted day by day in The Netherlands, if i remember it right they are gonna have a direct eur/NLG exchange from next month. So I focus my hope on this project, oh and they are improving segwit now with there PoW2 update so transactions will be even more fast than it is already.