To the uninitiated cryptocurrency is daunting. Most people have only ever heard of Bitcoin, nevermind the thousands in existence. The terms: blockchain, p2p, forks, decentralisation. Totally lost on them. If cryptocurrency is going to become common use, it's going to have to become idiot proof.
Before the average person starts accepting and investing in a currency its going to have to be stable. Either artificially or potentially its own strength against fiat.
While great for trading, nobody wants to depend on a currency that one day can buy you a car, the next an ice cream.
Have you ever seen a tourist trying to calculate an items worth in their native currency?
Without using a convertor tell me what 0.000054 BTC is worth. Same issue. And it's an issue that will have to be overcome before a currency is widely accepted.
I'm 31. I'm aware that my phone can do NFC payments but instead I use my physical debit card. I don't even know why I haven't set it up yet, maybe it's some deep underlying mistrust.
If I'm this way, imagine the resistance from older generations that still struggle with emails.
You know, like the Netflix thud, or the Mc Donald's whistle. I propose we collate all the screams of everyone that bought BTC at $40k into a single 2 second clip.
