50 thoughts on “Debunking yesterday’s post “there is less adoption than 6 year ago” and “fewer businesses using crypto”, and all the misinformation that came with it…with actual data.”

1. [deleted]

2. I agree. It just FEELS like a step back because we’re closer to the drop and cycle than 2017 and there was a lot less meme trash then sucking up funds.

   I see the trend still heading upwards.

3. Bro, this is some hard core power-point material. I would hire you at my firm. Well done.

4. This is the kind of content I’m here for, but surely it will get lost in oblivion.

5. The more adoption increases, the better we existing folks can afford things..

6. Someone got A’s on their book reports in school. Good work.

7. Great post. Literally all data and no opinion.

8. Crypto is definitely getting adopted worldwide more now then before but that doesn’t erase the fact that it has become the Wild West with everyone fend for themselves and scams at every corner. If we want mass adoption we need to be better then this!

9. I didn’t agree with that part and I have no idea how it got so many upvotes for something that simply was not true. I didn’t have all your hard work on this post but just staying up with news is enough to debunk it.

   Thanks for this post.

10. Didn’t know Vietnam had such high levels of adoption. Nice

11. This is exactly why I love this sub. There is always someone willing to put in a little time and effort to refute a claim with nothing but straight fucking facts.

    OP, your post has injected me with pure bullishness for the adoption of crypto. Everyone, take a few moments to read through this as it is a great post.

12. I thought it was evident they were wrong with so many comments pointing out examples, but it’s nice to have such a great written up post laying out all the facts

13. Stop he’s already dead…

14. Whats going on in the payments sector alone blows even this out the water.

    They are projecting 1000% increases over the next few years

15. [deleted]

16. Spreading FUD in this space is as easy as selling dog coins during a bull run.

17. Excellent rebuttal, OP. I remember back to the 2011 rally, where Bitcoin hit a high of $32 in June before sinking back down to sub $2 by November. The resulting bear market was extremely quiet, and what little mainstream media was covering it claimed that the bitcoin fad was over. A lot of services and websites halted their Bitcoin payment options and it felt like it was a significant setback in terms of mainstream adoption.

    We’re well past that now. Although this current bear market is brutal, crypto is far more entrenched among the mainstream and industry. It’s not going anywhere and wider adoption is inevitable.

18. Here you go /u/rulesforrebels

19. Adoption has increased, activity has decreased. ETH activity is quite low at the moment for example, which can be explained by other L2s diluting dev activity, and just an overall decrease of interest in the cryptoverse.

20. You know the crypto bros are desperate, when they bring up Africa.

    Also nice when the evidence is an “estimate” that a crypto exchange drew on a jpg.

21. I didn’t even need to read it. The “sell me on whatever” posts I automatically ignore.. or laugh at.

22. They also left out a major part where governments say that it can’t be used a currency. When governments change laws/rules it also hurts it quite a bit.

23. Tomorrow “debunking the debunking”

24. I don’t know if there’s more adoption or not, I actually hope there is, but I wanted to chime in to say I don’t trust the stats from Coinmap.org.

    There are supposedly some businesses in my area where crypto payments are accepted. I have checked and none of them do. So it’s possible new businesses are being added all the time, but old ones who no longer work with crypto are never deleted.

    Our perception is also dependent on where we live. Some areas will have more crypto-friendly businesses than others. The only major one I know is Just Eat.

25. Why is your second graph from april 2022, but shows high values for 2022 and 2033?

    The third graph is a blind guess using data from 2006.

    What is a crypto adoption score? Looking it up it’s just some made up metric?

    This post is just using bull shit and pictures and it’s being gobbled up because of so many people with poor media intelligence….

26. Debunking the narrative

27. But also 70% of all bitcoin hasn’t moved in over a year. How do you square that circle?

28. Many of these graphs end at 2021, the height of the bullmarket.

    This graph is not at all the flex you think it is: https://preview.redd.it/3m5rwcurustb1.png?width=680&format=png&auto=webp&s=bf5adf49d78bb67d96db01cf146752248c01ea6a

    This seems to be some forecast, what year is it from? https://preview.redd.it/j25oaq0tustb1.png?width=1450&format=png&auto=webp&s=5b385b39100421ce2977cfc554e2ffd37109b390

    Nobody ever explained what value these company are receiving from blockchain integration: https://preview.redd.it/tzyht5tpustb1.jpg?width=900&format=pjpg&auto=webp&s=0649d2d8b2390ed8cab7d84fdc5032787fae6d53

    Whenever you look into them, it’s always just some intern level project or a blockchain that is hosted on AWS calling it a partnership.

    This is just a giftcard seller: https://preview.redd.it/ot3z176hustb1.jpg?width=1312&format=pjpg&auto=webp&s=476a6a2ef1e076473b00a5374d9049992b8b14cc

    Random forecast from 2021: https://preview.redd.it/6fqz0rbytstb1.jpg?width=1762&format=pjpg&auto=webp&s=6d5a23aa56ab4f0ca58589d6c237813474f99ed2

    This graph is not a flex: https://preview.redd.it/kbbpiwrvtstb1.png?width=1450&format=png&auto=webp&s=757e501c10e019619cc0bd181369f6ced844e125

    Yikes post all-around

29. I also think, that the other post was not factual, but your post is shady as well. Many of your graphs just end in the year 2021 or are trajectories into the years 2023-2025. They are themselves also not very telling.

    I think adoption is growing, but your charts don’t reflect that accurately.

30. Great post OP I called them out on it as well in the posts comments. Each cycle brings a new wave of adoption more than the last.

31. Guy was probably just a troll.

32. Sorry, but there’s a lot of BS in those statistics.
    Just because more Kratom dealers, RC and nootropic vendors now accept Bitcoin doesn’t make it an adopted form of direct payment for businesses that do matter.
    Just because a company uses blockchain doesn’t mean they are adopting crypto currencies, blockchain can be simply used for logistics, or a company is experimenting. Reminds me of those crypto companies that claim they have a partnership with Amazon when in fact they rent AWD servers.

    One chart shows a step decline for 2023 in invested money. Another chart is just some smoothed out prognosis extending into even 2025… this is such a low quality post, I am really unconvinced.

    Statistics are easy to manipulate, I rather look at hard numbers like TVL.

33. Thanks. Nice read!

34. Yeah.. I’m personally using the Starbucks odyssey beta.. I’ve received the first round of nfts from 7-eleven.. I participated in the build on base by minting some official Coca-Cola and atari nfts.. I’ve used the Gemini credit card to get solana back by purchasing gas.. I’ve used an app called Olli to get btc back on purchases from safeway, cvs, Starbucks.. so over the last two years there have been a lot more interest from large corporations trying to merge crypto into their business models.. we are early.. things are growing.. we just need to be patient.. there should be one more big dip.. from there up.

35. Great post I hate the strong claims people make without any actual evidence

36. Would also add – and yes, I know everyone here hates NFTs, but still counts under the crypto umbrella – the sheer amount of global brands that have launched NFT projects. Nike, puma, Lacoste, Reddit, etc. literally unthinkable 6 years ago even tho NFTs were already a thing.

37. Interesting post op. These graphs are mostly from the peak of the last bull run. No shit adoption was huge then but it’s regressed since then.

38. Numbers are actually pathetic after all these years

39. Great shill, thanks for the effort in putting this together. Yay crypto!

40. Yep. Bitcoin is goin down the drain. Nothings ever gonna change. /s

    Everything changing to the better is not always represented on a graph. This is huge adeption:

    >Energía del Pacífico completed a 380-MW natural gas fueled power plant in May of 2022. Utilizing liquid natural gas, stored on a permanently anchored offshore floating storage regasification unit (FSRU) off the Port of Acajutla, El Salvador is now providing consistent and reliable power to their citizens. This local energy supply and power production project has reduced power costs by 70% as El Salvador was reliant upon imports for their electricity, amounting to 25% of their demand. What’s more, this power plant also boasts transmission to the Central American Electrical Interconnection System (SIEPAC) that allows for power distribution to 6 other Central American nations.<

41. The first graph needs labelled axes.

42. Love the effort put in, but it is important to note the time-lines of the data shown (which is during the peak bull run we once had)

43. This guy is right.

44. You cannot “buy” anything with crypto because it is not a currency. All but two governments have outlawed crypto currency.

    Of course if your talking drugs and hitmen then I withdraw my comment.

45. Of course there’s way less adoption now than there was six years ago because in a six year timeframe, smart people realized all alt coins are, are just shit coins with zero value, the only people who made the money were the creators. On the other hand, bitcoins, hash rate, and lightning adoption is at its highest levels ever.. Siri between the lines #bitcoin (you don’t hear greyscale or blackrock talking about an ADA ETF, also never heard anyone talk about a Doge ETF or a Solana ETF, and that’s because they have zero value)

46. The other post OP argued that because he was in crypto since 2017 and profit is up for a while now he understands better than all of us, with zero facts and data. Another perfect example of a degen bending down and sucking his own uncircumcised dick and telling everyone how good his own dick and cum tasted.

47. Everyone trying to bring down crypto

48. Only time I see stuff about crypto is when I log onto Reddit every once in a while. I travel slot and never see it and live in a major metroplex. Only seen one machine at a weed shop.

49. With all that said …crypto is dead

50. there is more adoption, dont listen to the fud

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