BREAKDOWN: Will Mass Adoption Be More PayPal or Pornhub?

There is an ongoing debate in the crypto community about where mainstream adoption. One point of view is that it will be the slow steady acceptance of digital assets. On that front, Bakkt president Adam White said in Davos yesterday that the company is on track to launch their app this year.

Another perspective is that 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 cash outs via Tether USDT$1,0002 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% 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

CoinDesk Q4 2019 Review: A Year in Suspended Animation

Research report - employment trends in the digital asset industry commissioned by the Blockchain Association