Stock exchanges are redundant? they are by FAR the most actively traded medium (if you include CFD's, ETF's etc) worldwide and growing at rates never seen before in terms of exchanges.
Coins are rarely based on any company or product underneith and even when they are, they are constantly diluting their value, not only with additional ICO's but also with hard-forks and soft-forks... In fact, the biggest issue with bitcoin currently is that it is becoming less and less profitable for miners to mine, yet they need mining for transactions to go through... Obviously newer versions will somewhat solve these problems and ethereum has a better system altogether but there are massive flaws in what is essentially only holding it's value on faith at this point.
Stock exchanges you are buying part of a company, that cannot be replaced even if the mechanisms which transactions are made with change.
Also to get a 15% dividend based on turnover with low fee's makes no sense. The only way that is currently working is that the underlying faith in the coin's value is exceeding it's inflation from issuing these extra coins, which may or may not last.
ride the ride, but there are some serious waves coming up in the blockchain world... It is a great technology but currently it's being treated like a speculative stock.
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