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That's the whole challenge for cryptocurrencies :) (although, not really related to the current issues discussed in the article) For the sake of providing hypo
by oelmekki 11y ago
That's the whole challenge for cryptocurrencies :) (although, not really related to the current issues discussed in the article)
For the sake of providing hypothesis, I can see one reason for which it could help. I've watched dogecoin quite closely since it was released and what stroke me is how stable it has been (past the big up and low after release): each time the btc/usd value raises, the doge/btc value lowers, and reversibly, to always keep about the same rate in doge/usd. In that regard, we could consider altcoins to be an advantage for mass adoption: the main reason why I won't keep my money as cryptocurrency is because I can't stand my wallet gaining and losing half its value one day from the other.
Now, we can find way more reasons why it wouldn't work (merchants finding adopting lot of currencies being too difficult, users being lost in all conversion rates, and I'm not even sure dogecoin stability applies in other altcoins). So I won't be too optimistic on this. It just seems to me it addresses the very problems mentioned in article.