RE: "It's Not Just a Store of Value...It Allows You to Secure the Internet" - Cryptocurrency
Another interesting dynamic of "mass adoption" is price consensus. For example - we get to a point where more than 1 billion people are plugged into the steem blockchain in someway or another. Same example can be used for bitcoin.
Point is this:
based on the size of the network - technically it is possible to establish consensus on price in a democratic way. It's kind of radical to think that technically we are capable to organize and orchestrate the value of the price of the thing on the market. Instead of "fighting" it out for profits trading...trying to push up or down....a whole new price could be made up by the participants. The effectiveness is relative to the size of the network....the bigger the network....the greater the potential for exponential growth and expansion
But at present most crypto is purely used for speculation, hence the huge price swings. If we democratically agreed on the price as you suggest, the majority of recent participants would no longer be interested as there would be no scope for profits.