[pedja]

My view here is that crypto-currency doesn't have to be better, but it has to exist so that fiat currencies have something to compete against, and then the users have a choice. It should be guided by normal market laws as any two financial products, e.g. if your view of insurance proves a valuable market insight, I am sure that insurers will consider doing it for crypto.

News like this are common for any emerging markets and technologies. Same amount of volatility was probably present in the first years of dollar, and same amount of insecurity was present while banks and credit cards were still being established.

I wonder how much different the crypto-currency conversation would have been if they appeared around the time when dollar lost its gold convertibility.