When we put out our first hype meter out last month, I thought we stabilized with a nice equilibrium between positive and negative blockchain speculation. Since everyone except me was on vacation in August, I thought we would get a solid bump in September and not see much of a change for the hype meter.
Things started slowly with an email from my friend who used to work at Merrill Lynch and who had read last month's hype meter. I now get weekly email forwards from him about conferences regarding bitcoin and forex. Great
Then our office acupuncturist (doesn’t every company have one?) tells us that he accepts Bitcoin payments AND that he plays the bitcoin currency market.
Then the father (he’s nearly 70, by the way) of Tradestreaming reporter, Gidon called him at 7:00 AM on a Sunday morning asking, “What’s this blockchain thing I keep hearing about?”
And then I read an article about cryptocurrencies in space
Let me repeat that.
Cryptocurrencies in outer fucking
September has been off-the-wall crazy with blockchain hype. We've had ridiculous stories about blockchain with barely any negative press pushing the hype down.
Here is a brief summary of what went down this past month.
September 2016 Blockchain Hype Meter
It's been so HYPE this month that I had to divide the stories into two categories: normal and are you out of your mind
Goldman came out earlier in the month that the firm wants to put forex trading
on blockchain. Visa invited banks to participate in a blockchain pilot program
for inter-bank payments. Blockchain based cross border payments company Ripple
just finished a $55 million round, taking aim at replacing SWIFT as the worldwide payments leader. IBM and China Union Pay announced a joint blockchain
project. IBM also teamed up with Bank of Tokyo-Mitsubishi in applying blockchain technology and smart contracts to automate business transactions
. UBS announced a blockchain-based trade finance network
. R3 announced that eight banks successfully tested an Intel-powered blockchain platform for bond trading
. We got the announcement of a congressional bipartisan blockchain caucus
, showing the public that the only thing Dems and Reps can agree on is their undying love of the blockchain.
Then we have the are you out of your mind
stories. Deloitte launched a bitcoin ATM
, which led us to trying to figure out creative ways of printing out bitcoin (winners were between paper coins with 0'
s and 1'
s on them and blockchain-inspired candy bracelets
). Accenture then announced a prototype of an editable blockchain
, which we like to call Google Docs of Blockchain.
Finally, we now have cryptocurrencies in space. I debated back and forth if this was HYPE or NOT HYPE. On the one hand, the fact that the only way you can protect a cryptocurrency wallet from getting hacked is by putting it on a satellite in orbit
is pretty disconcerting. On the other hand, how can intergalactic cryptocurrencies not be super HYPE?
There's not much here other than your run of the mill banks unsure they can incorporate blockchain
stories. Etheriuem got hacked
, but not much attention was paid to it.
So we had to change to HYPE meter scoring system a bit, here's the updated scorecard:
Notable HYPE headlines:
Notable Not HYPE headlines:
|Big organization picks up blockchain/crypto
|Bank Considers picking up blockchain/crypto
|DAO Hack or Bankruptcy
|Bank Adoption of Blockchain/Crypto
||Banks reject blockchain/crypto
||Downfall of Crypto
|Anything related to Outerspace and Blockchain/
|Mr. Robot Style Hack
Total Not HYPE
September HYPE meter score
Change from August
: +67 points