I think we're in the early stages of all this stuff. Special "niche" currencies for pot & porn seem like a good idea, but nothing has really materialized yet. Potcoin with Dennis Rodman cheerleading the cause looks promising.
I think a lot of these industry specific coins lack the marketing teams they need to succeed. For instance cryptocurrency and porn seem like the perfect fit. Internet porn sites are bombarded with chargebacks from Visa & Mastercard. These amount to hundreds of thousands of dollars for industry leaders. Charge backs aren't possible with crypto, it's the perfect fit. The marijuana industry can't accept credit cards yet, again a perfect fit. A good marketing team is essential in bringing all the big players in an industry on board too.
Besides marketing, I think the average "normie" not into cryptocurrency has a hard time with the idea of signing up on an exchange, buying bitcoin, converting bitcoin into whatever sex or drug token they're looking for, then using said tokens.
I think niche tokens & currencies are just a little ahead of their time. Once people start adopting crypto and get comfortable using it, you'll probably see all kinds of businesses adopting token systems like Waves, & Ethereum to name a few and niche market coins will become more popular with atomic swaps. I think it's just a matter of ease of use & getting the general public comfortable using crypto.
Freakin' normies! Yeah, how many great things have withered on the vine by being ahead of their time.
I maintain that reward systems are going to be huge. But that there will be no single reward system coin. But they will be built upon existing platforms. From an investment standpoint, go meta.
'Pot' and 'Sex' (fun though they may be!) are too wide of a focus. CokeCoin vs. PepsiCoin, though... I'm still puzzled as to why this hasn't happened already, although I suspect the work/research has been done, to a degree. If for no other reason, because it would save companies who have rewards programs a few million a year.
I find Vice's token interesting, but I don't mess with it because I don't agree with everything they do, ideologically. Of course I feel the same about BoingBoing or any mainstreamish countercuture company.
Thank you for your insight, my d00d.
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I think Burger King Russia did a rewards program on WavesPlatform and called it WhopperCoin. I'm guessing it hasn't caught on here yet because of some weird regulation or other that their lawyers have warned them against. Who knows I can only speculate. I agree though, blockchain and rewards programs seem like a perfect fit!
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Damn, I forgot about that one.
All these U.S. companies seem to move in lock-step. I posit that many of them have done research/development work, but won't jump until some major company does. Then we'll see a flood.
Sadly, I think crypto is still too complicated for a lot of people. I know, to us, it's like email. But then again, a lot of people still struggle with email. App-based stuff like I assume BK-RUS did are probably going to solve that. They don't want to know what's under the hood.
They also might be afraid of failure, that is to say, to see their reward tokens on exchanges, and losing value. No reward without risk, though, as we all know.
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