"Mainstream use" as the devs and everyone else understand means
1. Vericoin will be used for online purchases as much or little less than Paypal, CCs and BTC
2. Vericoin will be used for sending money worldwide more than BTC and western union
I think #2 holds the most potential especially in 3rd world countries. Majority of users here already have access to credit cards, banks, atm etc. For someone sending money to family overseas, this would be a great option. Western union and similar companies charge a massive premium.
For instance sending 300 USD from LA to Mexico* costs 4-5 dollars.
Is this the "Massive premium" you´re talking about?
https://www.westernunion.com/us/en/price-estimator/continue.htmlDo you think is enough to convince Jose Sixpack to forget the rest of the risks involved in sending money to mexico using your method such as
1. Volatility: from the time the mexican relative gets the VRC till she is able to convert to fiat the value of VRC could easily be less *much less* or more *much more* than when Jose Sixpack exchanged his hard earned dollars to VRC.
Are they going gamble?
2. Lack of liquidity in Mexico: who is going to exchange that VRC to Mexican pesos in Mexico?
3. Relative in Mexico getting robbed when she tries to convert VRC to mexican pesos
4. Human error: Wrong phone number which, pitty, has also a vrc wallet or wrong relative´s VRC address or buggy software (happened with multibit see
http://www.coindesk.com/multibit-user-loss-high-need-bitcoin-wallets/)
Dont you think maybe its too early to try to push VRC to Jose Sixpack and aunt Emma and we should first start giving some stability to the price, and going first for a more reasonable target and figure out how we can make it happen?
*Not saying here Mexico is a 3rd world country but you know lots of people come to the US and send money back to Mexico so I guess this is also the mainstream use you are talking about