i can see crypto being widely adopted first in some 3rd world country with a messed up government before our 1st world nations take it on. We just have too many other choices that are more convenient and stable as a currency. sure merchants will take btc, but i suspect ppl will not be using their coins unless there is a big incentive.
Indeed. Merchant adoption is very tough when a currency fluctuates. Big businesses hate uncertainty - which is exactly what fluctuating prices cause. There are a few Bitcoin businesses designed to help with this issue but they do not seem to have had a large impact so far. Price stability is going to be a must before massive adoption takes place IMO.