Consensus 2018: Results of the main crypto event of the year

The blockchain-conference Consensus 2018 is over, it is the world's largest event dedicated to Bitcoin, cryptocurrency and blockchain.

For three days 250 speakers and experts spoke at it, among which was Liteco's creator Charlie Lee, the founder of the Stellar project, Jed McCaleb and other famous personalities of the world of cryptocurrencies. And the number of guests exceeded 8500 people.

We tell you what events Consensus 2018 remembered.

Joseph Lubin and Jimmy Song Argue on Bitcoins

The founder of Consensys Ethereum startup Joseph Lubin and Blockchain Capital partner Jimmy Song made an interesting bet on the future of the blockchain. Song said that the creators of many blockchain projects simply throw dust into the eyes of investors by introducing their applications.

“I do not think that much of what we have seen will become a reality. Only Bitcoin remains truly innovative, ”he said.

“I’m betting any number of bitcoins on the fact that you’re wrong,” Lubin immediately responded. Song accepted the bet, but his details remained unknown. "It was fun. I'll be in touch, ”Lubin wrote a little later on his Twitter account.

Parked in front of the entrance, Lamborghini turned out to be dummy.

Three Lamborghini supercars, which appeared on Monday in front of the Hilton Midtown hotel in Manhattan, turned out to be just an advertising campaign. According to CNBC, the cars did not belong to Bitcoin investors who arrived at the conference. They were provided by Broadway Supercars as part of a promotion. It is noted that renting one such Lamborghini costs $ 1000 per day.

These supercars worth 200 thousand dollars have long been turned into an Internet meme, which symbolizes the potential for making huge amounts of capital on cryptocurrencies.

For two days of the conference the cost of Bitcoin fell, contrary to forecasts

In 2017, the BTC rate increased by 69% during the conference. In the next two months after the event, the cryptocurrency has risen by another 138%. In 2015 and 2016, bitcoin also grew, although not too much.

However, this year BTC, on the contrary, fell over 14 − 16 in May. The cost of cryptocurrency dropped by 5% (from 8713,1 to $ 8275,21).

Vitalik Buterin boycotted the conference

Vitaly Buterin, creator of the ether and one of the key figures in the world of cryptocurrency, announced a boycott of Consensus 2018. He criticized the extremely high cost of tickets: “By the way, the entrance to the conference costs $ 2 − 3 thousands. I refuse to maintain a similar level of rent-seeking. ”

In addition, Buterin accused CoinDesk, one of the organizers of the conference, of supporting and promoting scam distributions.

New York authorities have promised to make the city blockchain-capital

James Patchett, head of the New York Development Corporation, said he would make New York a blockchain hub:

“We are a world leader in finance, real estate, media and technology, and we can do even more with the help of new technology innovation. The city is interested in the blockchain, and seeks to assess its potential for the development of various industries in order to make New York even more comfortable for residents. ”

FedEx President: "Use the blockchain or get ready to ruin"

Fred Smith, president of the US logistics giant FedEx, announced his commitment to blockchain technology. According to him, it will help the company to remain the market leader against the background of rapidly developing digital technologies. “Blockchain has the potential to revolutionize the industry completely,” Smith said.

Cryptobirge Gemini has added even more cryptocurrencies

In the course of Consensus 2018, the Winklevoss twins announced that their Gemini exchange had added the cryptovalue Zcash to the listing. She became the world's first licensed exchange, which supported the coin, focused on the privacy of users.

“Bitcoin is digital gold, and Zcash is digital cash,” said one of the brothers.

Former JPMorgan Chase bankers succumbed to bitcoin fever

During the conference, Amber Bouldet and Patrick Mayland Nielsen announced work on Clovyr, an online store for decentralized applications and services. Currently, Clovyr is raising funds from investors.

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