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Will Mass Adoption Be More PayPal or Pornhub?
Bakkt preps consumer app for 2020 launch while Pornhub starts performer payouts in Tether, plus a controversial, obligatory new dev fund in BCH.
There is an ongoing debate in the crypto community about where mainstream adoption will come from. One point of view is it will be the slow, steady acceptance of digital assets. On that front, Bakkt President Adam White said in Davos yesterday the company is on track to launch its app this year.
STORY CONTINUES BELOW
Another perspective is the main use case of crypto is to enable otherwise censored transactions. Lending credence to this perspective is the case of Pornhub, which saw payouts to its more than 100,000 performers blocked unexpectedly by PayPal in November, and which announced cashouts via tether (USDT) today.
In this episode, @nlw breaks down these two arguments and asks whether they’re mutually exclusive.
Also discussed is the new BCH mining group (cartel?) insisting on a 12.5 percent block reward dev fund, as well as interesting insights and data from research from CoinDesk and The Block today.
Topics discussed:
Bakkt's Consumer App Is Coming in 2020, and It'll Look More Like PayPal Than Coinbase
Pornhub Now Lets Models Get Paid With the Tether Stablecoin
Bitcoin Cash Miners Propose Controversial Soft Fork for Zcash-Style Development Fund
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
