It’s no wonder why mainstream people are scared of bitcoin.  There’s such a mix of speculators treating BTC like a commodity investment & purists that want mainstream adoption as an everyday currency.  “News flash” it can only do one function well, it’s either a growth investment or a currency.  To attract new major venture capital investment, bitcoin needs to be volatile and have room for rapid growth.  For mainstream people to adopt it as an everyday currency, it needs to be moderately stable.

To be widely accepted, bitcoin needs to settle down. People want their currency value to remain fairly stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 35% of it's value week to week.  Currently you still have to convert to fiat $ to pay bills.  Would your utility company, landlord or mortgage company deal with +/- 35% weekly value fluctuations?   Would you be able to pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(

“Bitcoin was a genius invention, but its implementation became corrupted by people whose aim was to make money – not bitcoins, but dollars.” ~ BCnext