So I've been thinking about the use of cryptocurrency in the real world. Because of it's current volatility, nobody seems to be willing to spend any crypto now other than for purposes of ICOs it seems?
Before BTC boomed, we hear the story of the guy spending 10000BTC on 2 pizzas. This was BTC being used in it's intended form.
Currently, BTC is only used as a store of value, which leaves other alts. From what I see in other alts, ethereum is spent on ICOs where the trade is one coin to another type of coin. Other than that, nobody advertises accepting payments in other currencies NOR do people seem to want to spend their cryptocurrencies on anything other than something that yields a profit.
So, the question is really about adoption. How do we expect cryptocurrencies to be adopted as valid payment methods when everyone is really using them as investment stocks? Will we only see proper adoption once the current greed and "quick buck" mentality subsides?
If things continue the way they are, then cryptocurrency will always and forever be destined as store of value assets and not really a currency that can be used in the real world?
That's true! Seems like only the leading cryptos are the only expose to be an alternative currency in the real world. But so what? I don't see any negative outcomes if those and will always be a store of value, let's give it to Bitcoin. Actually, some alts doesn't really have the goal of becoming a currency, they are running in different ways. For example, Ether was developed to facilitate and monetize the working of Ethereum to let the developers run and build distributed applications
(ĐApps).