Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
iamnotback
on 15/01/2017, 12:14:18 UTC
I have been following you for years with much interest, I post very little.  How to you plan to stablize the price of your coin?   I realize that the market will ultimatly decide the value of a coin but for mass adoption I believe you will need some measure of stability, even if it means a slow and steady increase in the value of your work.
  It seems most people will not 'mass adopt' unless there is some level of stability.

I visualize a mass adoption wherein the users are watching their balances grow continuously and thus they are not concerned about volatility because they are invested in the paradigm.

They are involved because they love the concept and what it provides for giving them more freedom to do various endeavors on the Internet. Do people use Facebook because the price might go up or down?

We can't successfully approach crypto-currency as a checking account. That will never happen. See my prior post about my bifurcation thesis.

Crypto-currency will serve a fledgling niche that can't be served by fiat. Why? Because fiat can't be spent globally in a millisecond to a microtransaction. There are billions of people who don't have a credit card or who wouldn't even hassle with entering their credit card number for some microtransactions. Onboarding is a key concept (millions or billions of them won't be buying the crypto-currency for these micropayments). The larger the ecosystem, the more demand for the crypto-currency, thus the price increases.