21 Apr '17, 2am

What’s keeping cryptocurrencies from mass adoption? - Speculators flocked to Bitcoin and many of the alt-coins...

What’s keeping cryptocurrencies from mass adoption? - Speculators flocked to Bitcoin and many of the alt-coins...

Neil Haran Contributor Neil Haran is an angel investor and cryptocurrency advocate. Speculators flocked to Bitcoin and many of the alt-coins in hopes of getting in early and making a big exit, but everyday users haven’t warmed to cryptocurrencies. There are many reasons why, but one of the largest barriers to mainstream adoption is the price volatility of cryptocurrencies. So the question is, why do the prices change so much in the first place? It comes down to supply and demand: Most cryptocurrencies have only a fixed total supply, and yet demand for the coins is uncertain and constantly fluctuating thanks to speculation. Of course, it’s easy enough to talk about the problem — coming up with a solution is quite another matter. Why is Stability So Important? The need for stability is not unique to cryptocurrency. Any currency needs to be stable in order to be used as a tru...

Full article: https://techcrunch.com/2017/04/20/whats-keeping-cryptocur...

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