Comment by Cloudef

I got recently granted airdrops for few cryptos due to past contributions to some open source projects (no idea which). It reminded me why cryptocoins won't ever take off.

   1. The time to transfer from coin to coin took ages
   2. To finish the transfer I would've paid fee (gas) on the target wallet (eth), and the price is ridiculous (around $20)
   3. Presumably I would've had to do this again if I wanted to transfer to exchange
   4. The UX in general is still bad and you have to become cryptocoin expert to actually do basic things

I don't deny that for some countries and especially long travel transfers cryptocoins might be the only valid option, but I do not ever see them becoming a currency for daily trade. As for the price? Speculation, money laundering and well I guess collectively lots of people are basically in the game already and don't want out / can't get out. As long as there is money in the game anything can thrive, even if it makes little sense or is technically dumb.