/biz/ - Business & Finance

Plebbit is so far behind. I just searched top posts in /r/Cryptocurrency for the last month by keywords to see how many upvotes different kinds of threads received. Pic related.

Threads that are about payments, banking, bank transfers or actually using cryptos as currencies received the most interest by far. 10 times more upvotes actually. When they think of real-world adoption of crypto, they think buying stuff online. I think we're all agreed here that this is retarded and will never happen. When they say "I'm here for the tech!" the vast majority of the discussion is about them thinking /individual people/ will be using crypto and that's a cool tech-thing for some reason. They see barriers to adoption as /ease of use/. They think their grandma should have a RaiBlocks wallet. They think that the complexity of wallets and keys is what holds crypto back from mass-adoption. That's why RaiBlocks mooned, because of the Reddit idiot hype.

When I searched for "industry" or "technology", they've managed to understand IoT and some other niche use-cases like shipping, RFID tags, pharma, etc. But again, most of the discussions are about the banking industry. IoT is pretty popular I guess because it's fits well with the soyboy "geeky but cool" hobby.

Does it surprise you that the least-discussed term I found is smart contracts? Holy fuck, they don't care at all. They don't care about oracles, smart contracts, and actually integrating blockchain and the real world. In my opinion this is area of technology that will really change the world and I apologise for shilling ChainLINK but Sergey is right about how important smart contracts will be in the future. To me it's obvious that a middleware that can capture wealth from a broad variety of industries is a safer bet than a limited application of blockchain technology.

The disparity between smart contract discussions and currency discussions is huge. If we're in a bubble now, it's not the smart contract bubble.