I never liked Bitcoin in general or even considered its valuation as anything but the FOMO affect until coinbase came around and learned I could invest in these miners, not require a whole network overhaul and convert electricity into $ that yielded an ROI that even with the risk factors in this industry seemed to good to pass up. I'm a miner because the United States mint doesnt sell currency printers to the public that I can crunch the numbers and figure out if the investment makes sense. I've been lurking these forums since October when I got into this game so wanted to coin in on this topic for my first post.
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Bitcoin can be considered somewhat as a commodity that is easily transferable. If you could store a barrel of oil in your pocket and BUY>SELL that oil instantly through your smart phone, stores would probably accept barrels of oil as payment based on Spot>USD conversion. Price stability will eventually come but the factor I believe is holding back univeral acceptance and acknowledgement of BTC within society is the fact these are being referred as CRYPTO currencies. I said I didnt like Bitcoin as a concept and this is the reason why...there is no reason why anybody would want or need to use a crypto-currency over a credit card unless they were doing something they wanted to never be traced to them and that concern means the transfer will most likely involve activity that is questionably illegal. Why can't these be called Digital currencies? If you google definition of digital currency, the definition is reserved for USD and other paper or traditional national currencies that are being transferred and represented digitally. However, I believe this is not an accurate definition as just because the vector is digital, does not make the actual currency digital. Bitcoin not only lives strictly in the digital space, it was born there...it wouldnt even exist in an analog world. If you want stability, stop calling it "Crypto" (which it really isn't anyways seeing recent Dark Market busts have been trailing Blockchain data) and start calling it for what is truly is: Digital.