Quote from: no0dlepunk on May 19, 2018, 01:27:03 PM

Quote from: tokenlion on May 10, 2018, 01:34:09 PM

Why Crypto Hasn't Gone Mainstream Yet

After a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use?

One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency.

Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA).

So, why cryptocurrencies aren?t mainstream yet?

1. Difficulties Spending
2. Poorly Understood
3. Volatility!
4. Legalities and other Regulations
5. Illegal Activities
6. Bitconnect!
7. Unregulated
8. Not a Commodity, not a Currency
9. Media Influence
10. Learning Curve

These are just the main outlines.

If interested, you can find the full article where each point is commented in detail here:
http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yet

What is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it!

I guess the article had defined "mainstream" differently; when I say "mainstream" I don't refer to how accepted it is or how many sheep are using it, it's called "mainstream" simply because it has already made it's way out of the underground.

I therefore conclude that cryptocurrency is already in the surface of mainstream because you can see it on facebook and even on tv.

True, it might be "mainstream" in that way (Facebook, TV, News) but it's not really mainstream in the financial spectrum. And I believe that crypto has a long way to go through the hurdles of regulations, acceptance and avoid bans in some countries. We're getting there!