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RE: "Cryptocurrency Should Focus Less on Profit" Says Vitalik, and my thoughts on this topic
Seems to me it's really a double-edged sword: As long as cryptos are only seen as an investment vehicle to make lots of money, they are less likely to be adopted as a functional currency. I love the idea of major cryptos being a true global peer-to-peer currency I can walk into any store in the world and use to buy a cup of coffee and a shirt.... but the volatility is too extreme and besides... why should I spend my tokens on a shirt when it could double in value by next month?
Do people need more a store of value or another currency? If most people are satisfied with fiat but more concerned about store of value maybe they don't need a better fiat. Maybe they need yield for their retirement fund.