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RE: Sometimes It´s Good To Take A Day Off! Spend Some Coins 😉
Here is the snag; there is so little opportunity around me to spend crypto that it is difficult. There were a few coffee shops that started to accept BTC last year, but they have stopped since the BTC blockchain become clogged toward the end of last year. Businesses really need to accept some other fluid coins. LTC, XLM, STEEM...?
Although cryptocurrency as the name suggests is intended to be used as an actual currency, we use them as an investment vehicle. The idea is solid and blockchain will be adopted but using them right now as fiat is more of a risk than the actual investment itself. Thoughts?
Agree. This is because of price appreciation. But that will flatten with time as adoption increases. I am sure we do not need 1500 coins and tokens currently seen in coinmarketcap.com. Question is who will survive and how the adoption landscape will look like. Remember Iomega zip disks in 1999-2000. I still have a few in my attic! :)
Honestly, I think none of the current ones are going to survive mass adoption, they are not simply designed for that. Hopefully next gen or quite possibly the generation of cryptocurrencies after that are going to be adopted.