And they make electrical insulators that fit on T-posts nicely for smooth wire, electrified fences ... we used them a lot for temporarily cross fencing a pasture to keep from overgrazing since they're so easy to put up ... a 2' section of 2 7/8 production tubing, with a plate welded across the top, and a couple of U shaped re-bar handles welded to the sides, makes an effective fence post "driver".
Most horses will eventually walk right through a smooth wire fence without electrification, and the propensity of a horse to suffer serious injury from fencing being directionally proportional to the horses worth, you really don't want barbed wire around most modern breeds.