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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.

Jan 23, 2020 at 8:00 p.m. UTC
Updated Sep 13, 2021 at 12:11 p.m. UTC

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. 

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:

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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