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Do you think that the concept of "smart contracts" is hyped or useful/practical for the mainstream world at all? Just asking this, since smart contracts haven't reached the level of adoption required from mainstream businesses and corporations alike. Perhaps, this is because smart contract platforms like Ethereum lack the capacity to handle a large scale of TPS? Or maybe it's because there's lack of trust from said entities into deploying smart contracts for the mainstream world?

So far, smart contracts have been more useful for ICO tokens than anything at all. In some cases, smart contracts have been used for gambling and traditional gaming. Yet, it's to be seen a well-known company implementing their own dApp on a smart contract platform.

What do you think? ???

Smart contracts have little value, and now there has been stability. Ethereum has also been hit. Other coins have begun to have smart contract technology, so this will not be the reason for Bitcoin to take off again in the future.

 I think the issue of smart contract is more practicable than any other concepts in the blockchain world of business, for instance,this has been mostly experimented in the music industry where financial payments  have been fairly distributed to various participants through the smart contract platforms

I believe that the use of smart contracts is a justified decision, but now I cannot give working examples where smart contracts are already used in business, can someone tell me? Meaning, is not the prototypes and MVP, the specific solutions/application?

i think smart contract was usefull for clarify that project was real, if some project release the token but didnt have a smart contract, it was surely scam one.

It is not hype. Smart contract is doing its role well. I think it is "smart" or not depended on developer. So, smart contract adoption is also depended on who write it.

when i first found out about the concept of Smart Contracts and read about it, i was very excited and thought it is a very useful thing. but as time went by all i saw out of it was pointless smart contracts that had no reason to exist! then i figured out that my source was mainly advertising the platform so it was hyping up smart contracts to advertise and pump the token of the platform to make money.

my conclusion is that Smart Contracts are useless unless i see something real out of them that is not a worthless token/ICO thing. until then i wouldn't change my opinion.

I think that as an idea this is good, but it is very important that when people using smart contracts in gambling and so on, the developers must not forget about security.

i really think it's very useful.
I think all coins need to be like this. Assurance in this market is very important now

For me it will fall out to either hyped or useful or in the middle, some projects are good and some of them sitting on top 100, others left the ethereum ecosystem to improve their product more like tron, there are alot of useless tokens but there are some useful and outside of smart contracts there are more useless cryptocurrency like bitcoin cash and other bullshit.

You may be right, but don't forget that smart contract was disruptive idea and as you mentioned gave ICOs opportunity to create their tokens until some of them transit to their Networks, but until now we don't see any project in reality which need the high TPS.

Smart contracts are really useful in the field of blockchain. Ethereum and EOS are the blockchian that offer smart contracts. Smart contracts have advantages and also limitations. As soon as the blockchain technology go mainstream, smart contracts will surely play a huge role in revolutionizing contracts by transparency, speed and security.

I also feel the purpose of the SmartContrac concept is not appropriate. SmartContrac should be more suitable for use by companies that are already operating, not in the development stage. but the reality is that using Smartcontrac is different, the startUP is just starting to develop.

Smart contracts are something that will be required in the future for many things, they are building an amazing platform for many purposes and creating a huge utility for the blockchain it belongs to.

The more blockchain is used the more miners or stakers will be making money from the workload and the more they make the higher they will be profiting creating an economy that will result with the coin going up naturally and actually worth something instead of having no backing at all. This was the reason why I told everyone when Ethereum was falling in price to not sell and if possible buy more because Ethereum is backed by a lot of usage and it will go up as soon as sell orders stop which it did.

Smart Contracts are not overhyped they are underhyped to be honest with you, we should be focusing on them a lot more.

Both hyped and useful.

However ethereeum is still in its infancy, and smartcontracts cannot interact with data from outside the blockchain. Once oracles are up and running we will see many daily uses for smartcontracts. For now smartcontracts are used for now only with data inside the blockchain, so we have only ICOs, Dex and apps like cryptokitties..

I strongly disagree that smart contracts are useless in life and are only useful for ICO and gambling. An example of the application of a smart contract is the customer protection service in Aliexpress. When the buyer pays for the goods, the amount is deducted from the card, but the seller does not receive this money until the buyer receives the goods or a certain time must elapse from the moment of the transaction.

I think smart contracts are quite helpful, especially in the field of industry and preparation of the 4.0 industrial revolution. with smart contracts they are able to make efficiency

Smart contracts are useful because it doesn't need a third party (escrow) to ensure the payments. It was also hyped due to the rise of ethereum and other ICOs that are good and bad. Even hyped or not it was still an innovation having an idea like that. Smart contracts will be the thing in the future for sure due to its features that could be beneficial to online stores like amazon or any online stores that will surely be happening because of the rising technology that the human kind striving at.

I think that smart contracts are really useful because they create confidence in the transaction between two people and there is more confidence because it does not require the presence of a third party.

some studies have found that smart contract ethereum has several weaknesses that can be exploited and are very vulnerable, but it cannot be denied that the technology and alternatives offered are very helpful

I think it is both, there is definitely a use for the smart contract platforms and with time people will warm up to it but the hype is not justified IMO, people tend to believe that a smart contract will solve all the problem in the space and we see most smart contract last year pumping as if it is a sure win for investors

smart contracts are still in their infancy and certainly have more potential in the future than they currently have. i think the development will take some time until the smart contracts arrive in the real world.

Ethereum is a platform specifically built to create smart contracts. You need to know that bitcoin is the first to support smart contracts in the sense that networks can transfer values from one person to another. but ethereum replaces the bitcoin language that is more stringent in scripting languages and replaces it with a language that allows developers to write their own programs as we know a lot of platforms that use ethereum smart contracts, this is useful and good

Every thing and invention has its pros and cons. But I think that the smart contract is very useful and convenient for everyone. This is the future!

I don't think is a hype because smart contract has been useful, though may not be as expected but is very useful.

I think that it consists both sides. Smart contracts is a really useful achievement. But this hype which is around smart contracts doesn't claim so much attention. I think that many companies will start using smart contrats

I think without smart contracts, it would not have been easy for so many ICOs PR projects to survive and succeed in he crypto space. There are so many coins that have used the platform of ethereum  before leaving and moving to theirs. Had it been there is nothing of such, then the survival rate would have been slim.
Well, there are still some that will survive even at the start, if they already gave the fund for it.

You do have a point there, mate. We as users of smart contracts need to be focusing more on them, as well as, supporting them every step of the way. For smart contracts to become successful, they would need to experience mainstream adoption especially by businesses and corporations worldwide. It's been known that several companies have become interested in blockchain technology, yet only a few have made use of smart contracts. However, as time goes by, smart contract platforms like Ethereum and EOS would improve until they become highly scalable and secure for the masses.

I believe that the one thing stopping smart contracts from becoming widely used worldwide, is the lack of scalability from well-known platforms. Ethereum has been the first smart contract platform in existence, but it hasn't scaled yet. Luckily, other alternatives have already implemented scaling technologies to make the execution and interaction of smart contracts, faster and cheaper than ever.

Nonetheless, if smart contracts become an indispensable tool for our society, the underlying blockchain's token (like ETH or EOS) could experience a lot of demand within the long term. Therefore, smart contracts could be the way of the future after all. Just my opinion :)

Smart contracts are our future, especially if you add AI to them then this is a great opportunity to make the life of all humanity much better than today. I can not imagine what could be better.

I'm also little bit confused about it. Truly, the smart contract will make the crypto greater with its very advanced technology. Smart contract proves that this technology and system are valuable, trusted, and also advanced. however, now, many use this smart contract system and it doesn't make the condition of the market better. In fact, many people are still confused about what to do with this kind of crypto. So, what will happen next? I don't want to think that this is only a hype.

In the crypto sphere, smart contracts have already shown their undoubted benefits, however, as we can see, it is rather difficult to adapt to real life, so that ordinary people could also feel the benefits. I hope in 2019 this problem will be solved.

smart contracts+IOT is amazing.
Imagine the future. All devices going to work autonom and we do not have to buy or pay anything using cash.
This is the best part cause i do not have cash lolz :)

Anyone who follows blockchain knows that one of its most promising applications is the field of smart contracts. As I have read about smart contracts, they are being touted as something that one day could replace lawyers. That is to use computerized contracts which are stored within the blockchain that can be automatically activated if certain conditions are met. I think it is something that would stay and evolve  to mainstream use.

Smart contracts can be successfully used where there are any bureaucratic procedures and opportunities for automation. The potential of smart contracts and blockchain can be very high, for example, in the field of medicine. This refers to a history of the disease, automatic distribution of invoices, control over the supply of medicines and much more. Behind smart contracts is the future.

Smart contracts must be valuable, but as long as they are technically valuable, they will be hyped, and this hype has become a past tense. In the 2017 cryptocurrency market, smart contracts have been fully speculated.

All the new innovations are definitely helpful for some reasons. The success of ethereum itself will be explaining this in much better way.

What are the benefits I am experiencing/reading by having smart contract through ethereum :

From end user view :
1. If smart contacts are not available, I may need to have different wallets whenever I will be contributing to ICOs. Before ethereum, I have faced this kind of frustrations as I was enforced to have large number of wallets on every time I'm looking for a new coin.

2. I do not need to have multiple back up of multiple wallet files. No worry on securing multiple passwords/seeds. No hassles of syncing; saving bandwidth.

From developer's view:
No need to have a separate team for cypto coin development for the purpose of crowdfunding. They can enjoy all benefits similar to a crypto coin owner yet without one major department.

From exchange operator's view:
Even they will have only one or two wallet(s) for ethereum (and bitcoin), they may list 1000s of tokens without having the need of paying 3rd parties to have wallets as a services, for example. This is the reason why decentralized exchanges are most cost effective.

Agree. Smart contracts hold many promises to change our world in many ways. I believe that the one thing stopping smart contracts to become useful for the world, is the lack of scalability among underlying blockchains like Ethereum. However, that's about to change since many smart contract platforms have taken the initiative to scale over time. EOS is already capable of processing millions of TPS at no cost at all, while TRON provides the same benefits with the only difference that it's highly compatible with Ethereum's EVM.

On the other hand, Ethereum will improve with its Casper PoS and Sharding upgrades to scale for the world. As companies, businesses, and startups realize the true benefits of smart contracts, they'll quickly adopt them for their own benefit. Then, users will begin to use smart contracts at a large scale, fulfilling the vision of a Web 3.0 for the mainstream world.

Nevertheless, as smart contracts become useful and popular in our world, they could effectively replace not only lawyers, but also, casino operators, centralized social networks, and more. Just my opinion :)

I think that this technology is really useful but it's not still integrated in business processes. Now there is hype around it but soon the situation will be another. Companies will start using them.

I would say that smart contracts were very useful instead of saying hyped. Because most of the projects now are starting with ethereum blockchain via smart contract. And when they are done with their own testnet blockchain, they will merge it with their own blockchain, they is why most projects starters uses ethereum smart contracts.

There may be some level of hype within the smart contract space, but as companies and businesses start deploying their own dApps, the hype will fade away. True usability is what determines the success of any project or technology. Ethereum may be quite revolutionary with its smart contract feature, but if it doesn't obtain massive adoption, then it'll be of no use. So far, smart contracts have only been useful for decentralized gaming (Gambling, Collectibles, etc) and pyramid schemes (like FOMO 3D).

However, its uses could be expanded as the corporate sector becomes interested in such technology. Considering that smart contracts are relatively new (they came into inception after Ethereum's launch back in 2015), they would need a couple of years from now to realize their true potential.

Nonetheless, it's exciting to see how Szabo’s concept became a reality nowadays. Which means, that our world is improving every step of the way thanks to Nakamoto's blockchain technology. Just my opinion :)

I think you are very wrong, as bounty hunter, I can tell you that now there are a lot of new projects that offer the introduction of smart contracts in various fields. But most importantly, some of them have collected soft cap and have already signed a contract with companies to implement smart contracts. This means that smart contracts have a future, it just takes time.

A smart contract is a breakthrough in the technology of exchange of cryptocurrency and documents between people. They give confidence in the transaction and you know that you will not be deceived , just do not need to resort to a third party that also increases the anonymity of the transaction in our world when all the state watching people.

From now, I think we can't see any real smart contracts examples. And yes it can be useful when it is using properly. When we look clearly, we can see a great number of project is depending on this contracts.

The concept of smart contract does have its advantages in the crypto world
It enables each platform or ecosystem to own their own Blockchain operation with a bit ease

Even though it can be mischievous and misused
We can only await a proper correction to such fraudulent acts

Yes. Without a doubt, smart contracts bring many advantages to the blockchain industry. They promise to radically transform many traditional services we've been accustomed for a long time such as: Proof of Ownership, Legal Services, and more. While it’s a little early to say if smart contracts are hyped or useful, this technology has proven to be extremely popular for the launch of ICOs.

Because smart contracts enforce the execution of code, they behave in a better manner than dealing with humans themselves. Their success may somehow transform our world in the future, where we won't need to depend on middlemen or third parties for nearly everything we do on our lives. Hence, smart contracts could be useful for the world if people are ready to adopt them. Just my opinion :)

I think smart contracts are very helpful and we have not really taken full advantage of the important of smart contracts

But they can also be hyped if we consider cases of failed icos who created fake tokens amongst others

in any case, there are quite a few fraudulent projects on the company’s ico market, as in the cryptocurrency market there are already Coins that do not represent any value. But you can pay attention to such projects, whose value inflates artificial. Of course, ideas may be interesting, but their rating is a little twisted, and does not fully correspond to reality. As an example, you can bring ripples.

Now I am studying the whole of this business and I understand that in general it is a simple algorithm and there is nothing there that we cannot do today. But this is automation and this suggests that today we are creating the future of the financial sector.

The fact is that if we analyze 2018 and 2017, the teams tried to do quite a lot, but the results speak for themselves. I very much hope that the situation will change for the better.

I believe that smart contracts have a promising future and this is an innovation that will make our lives easier and safer. As one of the promising areas for the use of smart contacts, I consider the legal sphere. For example, the need for a notary can disappear and any transactions can be made automatically using a smart contact.

I think it's very useful, as evidenced by the many ico developers using smart contracts to develop their tokens and help other investors invest even though it's not perfect but at least useful enough

In real life, we are practising a lot of contracts like the smart contract. So, why it is a hype only? I think smart contract can be used in real life activities too.

We have seen examples of what smart contracts can do in decentralised exchanges, imagine everything we do now that needs middlemen and escrow services being replaced by this technology, I think it is very viable in real world adoption.

I think that the value and their importance in the modern economy is exaggerated, as they have a real and large-scale application. But the situation may change significantly in the future.

Exactly. That's what I've thought in the first place. The autonomy of smart contracts and their ability to enforce code exactly as programmed, could eliminate the need for notaries altogether. Right now, Ethereum and other alternatives have been struggling with real use cases for smart contracts. So far, ETH has been widely used for the launch of ICO tokens across the crypto market. However, once mainstream companies, and businesses get into this space, then real usability could come into effect soon.

But first, scalability problems need to be solved in order to make smart contracts highly effective for the mainstream world. Once this is done, there's nothing stopping major platforms like Ethereum and EOS from gaining huge mainstream adoption by said entities. What has started as hype once, it's starting to become useful at a slow pace. Just my opinion :)

actually very useful to support and be an umbrella for new projects that will introduce their new products to the market with their respective concepts and models. but it became a hype when too many made and turned out to be almost the same and made them worthless.

Smart contracts are useful but they need a protocol that is fast, cheap, and can scale. Perhaps they will not revolutionize all industries as some believe but they can clearly play a role in removing intermediaries and centralized entities. I think Ethereum, Cardano, and EOS will be the leading smart contract platforms of the future.

The concept of smart contracts is very good. These  have been used a lot by so many ICOs to automatically collect payment and send tokens and some similar other uses. More use cases will emerge as user adoption increases.

What do you mean hyped? I think it depends on how the project or particular ICO measures and implements their marketing strategy that's why there is too many investors supporting them. Not really hyped like what JPMorgan is doing to his business.

I think this is useful and necessary. This makes it possible to safely exchange money, property and other assets directly, without the participation of intermediaries.

We're on the road yet. But smart contracts can change our lives. Things that are very complex today can become easier with smart contracts in the near future.

In general, it seems to me that cryptocurrency is a very profitable business for the future, especially if it is connected with neural networks that will very successfully track the dynamics of the trading market. All this is definitely a success in the future if we develop it now.

I think smart contracts are for sure useful and necessary. The thing that I limits people are how easily it is to create one, how much flexibility they have in creating a smart contact for their needs and scalability of course. There are platfroms I really respect like MOAC that has a dual layer technology to handle the smart contracts on side chains while most major transactions take place on the main chain. They also allow developers to choose the consensus rather than being stuck to just one option

I think that smart contracts can be very useful in many applications but they are a little bit too hyped... there's really no need for that in every sector and that's one of reason for ICO crysis.

I don't think smart contract is hyped but very useful, deploying a contract to the blockchain is making use of that same blockchain to own your own personnal coin which you can use which to make any development that a normal coin fork would be able to do. Smart contract is a very good innovation for those who are not c++ devs and will like to carry out blockchain development.

I really believe that one of main use case of blockchain technology will be use of smart contracts in our daily life. These kinf of smart contract can save manpower, time and money which will lead us to mass adoption.

If the project is good enough then the smart contract would be a good deal and you will see more investors investing in it, but that is not the case all of the time, people are easily convinced in the market and what ever advertisement they see regarding any projects you will see a team behind to create all these buzz so that it attract new users, if the project does have a viable presence then it is a different story.

It's too useful that everyone in crypto industry wants to use it since smart contracts are capable of doing many transactions and applications that will help the project like by tracking performance in real time that can bring tremendous cost savings in the company. It will just vary on how it will be implemented or use in that specific project or product.

Smart contract is useful, rules enforced on the blockchain without anyone having to interfere with it. It has shown a lot of positives from transaction confirmations to actually settling of disputes between parties. There's no ending to what can be achieved with smart contracts.

No all  sectors need smartcontract but this can be used in so many different ways. we need more research to get the more usefulness of smartcontract and its potential. that needs a lot of time.  ICO just used it for tokenization.

Smart contracts are a useful technology. I think that smart contracts are introduced to companies and tested, but no one talks about it.

It is useful depending on the usage or who manage the project if they have a goal and real use case, of course, it is. Smartcontract is designed to connect with dapps or just a utility tokens, etc. I saw a forum with token rewards because that forum is connected on the blockchain its amazing using smartcontracts.
However some people just used it in a bad way creating useless tokens.

Smart contracts are very useful for every project that requires transactions automatically. I feel that smart contracts are very useful for every ICO that I follow. Every ICO must use smart contract to facilitate transactions that can sometimes be in the thousands or even tens of thousands of transactions, which cannot be handled manually. Therefore a smart contract is made to facilitate large scale transactions.

If the system of smart contracts is complicated, then we can build many different systems for different fields of activity: insurance, registration and transfer of property, lending, crowdfunding, and so on.

That's certainly true, mate. Smart contracts are proven to be useful in many industries within the mainstream world. I believe that what's dampening adoption is their lack of scalability. It takes time to develop a system which can handle a large capacity of transactions, while retaining decentralization and security. So far, Ethereum is in the lead of smart contract development being the pioneer in this space. Whenever it successfully scales for the world or not, it's yet to be seen since smart contracts require a large amount of resources to function as intended.

Once everything scales accordingly to network usage, then smart contracts will be used at a large scale within the mainstream world. Right now, there are numerous alternatives which provide superior scalability than Ethereum. They may have this advantage but are lacking mainstream adoption. Hence, only time will tell us whenever smart contracts will be just hype or useful for the whole world to enjoy. Just my opinion :)

It's useful for me, people who use Ethereum and involved in ICO can attest that smart contract is a great tool to assist them in launching their own decentralized utility token, huge companies are not yet using it by they will someday because I'm pretty sure they are studying the option to launch one for their company.

same for me too, smartcontract is very useful to make a variety of decentralization platforms
with that we do not need to make our own blockchains to make DApp that is very much needed at this time
besides that there are still many other benefits from smartcontract

Smart contracts really removed the presence of any third-party or Intermediary, so with this one can see that every transaction is transparent and cheaper, therefore YEA, they are useful. Also, ETH smart contracts needs more improvement so as to attain mainstream adoption.

A clear look at Ethereum blockchain will surly answer this question. Ethereum brought in smart contracts, now the question is, ever since then have there been any negative effects? I don't think so,. That is to say, smart contracts are very useful in ensuring adequate processing of transactions while maintaining complete transparency.

Well, smart contracts have been proven to provide many use cases for the mainstream world. Whenever they become fully adopted by our society is yet to be seen. So far, only a small number of startups and companies have made use of smart contracts to provide different services to their customers. However, the limitation of scalability within popular smart contract platforms (not limited only to Ethereum) has made many entities wary of adopting the technology for their own benefit.

Despite this, smart contracts main uses have been the launch of ICO tokens. But, the recent crackdown from governments (especially the US) have slowed the growth of such tokens. Perhaps, in a couple of years from now, smart contracts would become more useful as their underlying blockchain networks improve every step of the way. Only then, the mainstream world would adopt them at a large scale. Just my opinion :)