Author Neil Haran is an angel investor and cryptocurrency advocate. He’s also here on Steemit as
.
Neil is active in the Fair-Coop / FairCoin community, as well as Peerplays and Steemit. He has been reaching out to others in the cryptocurrency space in search of strategic partnerships, and over the past few months, we’ve been having some rather insightful and wide-ranging conversations. I’m impressed by Neil’s passion for extending the benefits of blockchain technology to communities the world over.
I thought I would share this article here by way of introducing Neil, and in the hopes that it might inspire a dialogue as to the potential for collaboration between our respective communities.
What’s keeping cryptocurrencies from mass adoption?
image source: TechCrunch
Speculators flocked to Bitcoin and many of the alt-coins in hopes of getting in early and making a big exit, but everyday users haven’t warmed to cryptocurrencies.
There are many reasons why, but one of the largest barriers to mainstream adoption is the price volatility of cryptocurrencies.
So the question is, why do the prices change so much in the first place? It comes down to supply and demand: Most cryptocurrencies have only a fixed total supply, and yet demand for the coins is uncertain and constantly fluctuating thanks to speculation.
Of course, it’s easy enough to talk about the problem — coming up with a solution is quite another matter.
...Continue Reading on TechCrunch
Please extend a warm Steemit welcome to Neil,
and the Fair-Coop / FairCoin community! =)