The coins failed because exchanges shouldn't even have been created in the first place. Bitcoin should have been as easy to use and ubiquitous as the US dollar. As we all know, cryptocurrency turned into stocks instead.
If not exchanges, what entity would you suggest as a way to change crypto into fiat?
Using the most successful fiat currency the world has ever known as a goal seems a bit lofty. In your view, how much time should it have taken to surpass the dollar?
That's my point. There should never have been any need to exchange crypto into fiat. Bitcoin should have been as ubiquitous as USD. Everyone using it, pricing things in it, transacting with it, holding at least some amount of it. Exchanging for fiat should have been as easy as getting change from a store.
No one who was holding coins was paying attention to anyone who was telling them that the coins had failed. Do you remember 'have fun staying poor'? It was used to shut up anyone who said anything critical.
I guess I needed a /sarc tag. The coins aren't failing. And I'd disagree with the notion that the success or failure of a cryptocurrencies is directly correlated with "price".
