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9457161 No.9457161 [Reply] [Original]

ITT We have a civil discussion about the timeline of crypto adoption for mainstream use for transactions. How long do you think until the big banks adopt on a large scale? How long before consumers?

My estimations are banks will start rolling out blockchain based transactions over the next 5 years. Mainstream adoption for most transactions won't happen until a good 10-15 years.

>> No.9457188

Request already works and offers a very valuable service and yet nobody uses it and it doesn't stop dumping.

I'd say 2030, if ever.

>> No.9457196

Nut een a hunnet yeez bohoy

>> No.9457206

>>9457161
If you have ever worked for an financial institution you know that they won't use Blockchain in their processes for at least 10 - 15 years.

I do expect however that there will be an company that is going to run mostly on Blockchain and smart contracts. If this is a company like BAT, Spotify or Airbnb I don't know.

Also I think financial institutions will invest in Blockchain technology

>> No.9457439

>>9457188
their roadmap isnt nearly done yet bro

>> No.9457549
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9457549

This is easy. Gap Gemini says massadoption starts 2020. Tipping point is at 2025. You can pack your knives.

>> No.9457599

>>9457161
You'd have to adjust for world population differences between eras to make this thing relevant

>> No.9457824

>>9457599
And how are the dates even determined? From concept? Original prototype? Regardless the dates for Computers/Mobiles/Internet are absolutely wrong on either front as the millennial that made this infographic has never heard of punch cards, ARPANET, or DynaTAC.

>> No.9457871

>>9457161
Crypto is about as revolutionary as Credit Cards, TV, and Computers, so I'd give it at least 20 years honestly. Another global recession may speed up this process however.

>> No.9457891

>>9457871
I excluded the Internet because it's history is complicated. The world wide web however was created in 1989 and took about 20 years since then to gain mainstream attention

>> No.9457895

>>9457161
We are on an exponential growth curve. It will be like going from taxis to uber.

>> No.9457942

I can see many mainstream places accepting crypto as payment in as little as 1 year. That will mean more widespread adoption, and normies will fomo since they can actually spend these coins somewhere.

>> No.9457982

>>9457942
Monero is pretty much the only crypto that encourages spending. Something like it would need to be mass adopted

>> No.9458017

>>9457871
this
credit cards TOOK a long ass time to reach. If a recession happens and USD goes bye bye into a bit of valueless despair, crypto will reign even faster.
Regardless i dont see a future in which we have androids, drones and cyborgs crypto wont be around

>> No.9458256

>>9457161
The 'sandbox' period will be over the next 2-3 years imho. It's just starting actually - look at Coinbase and their custodial services with a cherrypicked number of institutional players. This will slowly proceed over the next year or two until they're properly onboarded.

Moonboys who look forward to as early as 2019 or 2020 to get rich will be disappointed. I don't foresee any significant adoption happening before 2022 imho, after the sandbox period drops off.