/biz/ - Business & Finance

>>12110818
>>12111048
Yeah my observations of Reddit show that they pretty much think cryptocurrency = payments. They think some “cryptocoin” will replace fiat. Hence all discussions of “adoption” are about currency. When will this memecoin become adopted currency. If you search for “adoption” on the crypto subreddits, the top threads are pictures of shop windows with “bitcoin accepted here!” Stickers.

They do no understand that smart contracts are the true promise of cryptocurrency. They will understand after they have actually been adopted. At the moment, smart contracts and oracles in particular are moving from stealth phase to awareness phase. We are just ridiculously early.

Pic related and I have more.

Muh crypto(((currency)))

My Grandma Just Sent Her First Nano Transfer Using Nano Mobile Wallet! We did it, Reddit! [ADOPTION]

Normies are still stuck on the crypto *currency* idea. As if adoption = replacing fiat money.
We know better: that mass adoption of blockchain technology will involve smart contracts. Just look at this thread: NO mention of smart contracts at all.
https://www.reddit.com/r/CryptoCurrency/comments/a2cb3u/crypto_currency_is_not_winnertakeall/

How many years for them to catch up? Will it be after smart contract adoption, they will finally notice, or before it really takes off?

Personally I think they will all be late to the party. They will only realise how important smart contracts are after PoCs have been turned into real successful business models and are being reported in the media frequently. Agree or disagree?