[ChiefRocka]

Originally Posted by Eleazar

Exactly... that's what is a currency is supposed to be. You can't conduct any sort of serious business in a currency that's all over the map from one day to the next. And the volatility will never change because it's used almost exclusively by casual speculators trying to get money for nothing.

Real currencies change very little in value over days, weeks, months. If you can't count on a currency to generally hold value over time, then it's useless.

There are coins out there that offer better features, but those have no chance because there are so many that none will ever become a commonly accepted means of exchange. The fragmentation prevents any one from becoming widely accepted.

A currency can't become widely accepted until it stabilizes, and it can't stabilize until it's widely accepted. That's why the old entrenched currencies that are backed by government are still the standard - because the coins do not offer anything better.

Bitcoin was the worst thing ever to happen to cryptocurrency, really. It became the big bubble because of all the hype it received for being the first initially successful thing of its kind, but the technology as a whole wasn't ready for prime time and set the whole thing back years/decades.

https://makerdao.com/en/whitepaper/