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Lack of trust will doom cryptocurrency

Lack of trust will doom cryptocurrency

Have you considered what the future of cryptocurrency looks like? Loss of crypto coins through hacks, fake trading and volatility destroy trust in cryptocurrency, but those aren't its only problems.

The promise of a cheap, anonymous, distributed, fiat cryptocurrency that is detached from any country’s sovereignty is a pipe dream. It will never happen. My opinion hasn’t changed since bitcoin first hit the market in 2009. People will play with it, some businesses will accept it, fortunes will be made and lost, but it isn’t a threat to any nation’s fiat currency on that level.

People lack trust in even the most established cryptocurrencies. Here’s why.

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