Coindesk Consensus Conference 2018
14 Mai 2018 - 6:39PM
ADVFN Crypto NewsWire
Coindesk Consensus
Conference 2018
Every summer since 2015, the cryptocurrency market has seen an
uptrend after the Coindesk Consensus conference - 2018’s is taking
place today through Wednesday.
History has a tendency to repeat itself. Will this happen again?
Every year the Consensus conference introduces hundreds of
blockchain and cryptocurrency projects to a new population of
potential employees, startup founders, journalists and computer
programmers.
Possibilities
Bitcoin to $20,000? Ethereum to $1,000… or some might say (Roger
Ver
Interview) to overtake BTC this year?
Time Draper
has
predicted that BTC will reach $250,000 by 2022.
The prices seem to set a standard, but the reality is that the
adoption levels of cryptocurrencies are tiny. There are still
billions of people to benefit form the technology, and billions of
dollars on the table. This
visualization puts into perspective how
much room the cryptocurrency market has to grow.
Bitcoin’s market cap is just about $150 billion right now.
Globally, there are well over $7 trillion in other currencies, as
well as over $7 trillion in gold. There are over $73 trillion
dollars invested in traditional stock markets. The money supply
worldwide is well over $100 trillion. Even eating into 1% of this
would bring meteoric rises to cryptocurrencies.
4th Annual Blockchain Technology Summit
Consensus 2017 had around 2,700 attendees. This year Coindesk
expects attendance to exceed 7,000. Tickets are $3,000 - meaning
over $2 million in ticket sales. Some have argued that the
conference is more of a business plan for Coindesk than it is to
truly benefit the industry.
Vitalik Buterin on Consensus
A series of
tweets two weeks ago, points to this
change, and the irresponsible nature of of Coindesk’s media
distribution. He began by overtly condemning the conference:
“I am boycotting @coindesk‘s Consensus 2018 conference this
year, and strongly encourage others to do the same. Here is my
reasoning why.”
- Coindesk consistently enables
scams. They are willing to take the advertising profits
without consideration for the nature of the company.
- They specifically
misquoted Viitalik recently in order to create a more
sensationalized article, and refused to correct it.
- Their information
policy sets up a catch-22, where Coindesk can deny any
request that anything requested “off the record” can be denied
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