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By spending our crypto on purchases and payments, we support the ecosystem and increase awareness of the technology, thus contributing to wider adoption. Simply holding and not putting our crypto to work may be holding back adoption and it is us who are d

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by COINS NEWS 43 Views

I believe that most of us here like to buy crypto and hold it as a store of value, something similar like people that are buying gold and holding it.

But I was thinking, could it be that our (and I am talking in my name when I say that I am a holder) behaviour is actually blocking crypto adoption?

I used crypto as a form of payment more then a couple of times, but not a lot at all.

Spending our crypto as a form of payment may help bring awareness to the tech behind it.

In that way we are also supporting the ecosystem, because every time we spend crypto we are contributing to the demand for crypto and encouraging more people to use it, more business owners to accept them.

Of course, transaction fees, price volatility, and laws in some countries are making it more complicated, but still, we need to show it even to the governments that we are ready to use crypto in everyday life and fight for better laws, regulations etc. Crypto market would mature faster and we would have less and less concerns each day.

I don't even know where I would find info on how many people is using crypto in everyday life, but as I said, judging based on this sub, not a lot of us used it for buying/paying purposes, and that should be changed I guess..

submitted by /u/middlemangv
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