THELOGICALINDIAN - n-a
It’s been a fun anniversary for the business media afterwards the amazing assembly for Consensus in New York, allotment of the added Blockchain Anniversary hosted by the city. With about 8,500 attendees, it was one of the better blockchain contest anytime held.
But rather than focus on the actuality that bags of bodies came calm to bless the accelerated maturation of a new technology, the boilerplate business columnist seemed bent to seek out abrogating angles to adverse the cutting faculty of excitement.
On the aperture day of Consensus, Bloomberg led the allegation – arch with a adventure on rented Lamborghinis. It could accept been an absorbing allotment by Lily Katz, but she delved alone inches deep, alms little acumen above the angle that Bitcoin advertising is animate and well. It was the banderole that absolutely fabricated her story: ‘At NYC’s Big Crypto Conference, the Lamborghinis Are Rented and Protests Are Staged’. The association – that the industry is alveolate – is adamantine to miss.
CNBC carried the aforementioned story. Like Bloomberg, they couldn’t accompany themselves to accredit to blockchain, which was the affair of Consensus. They referred to the “bitcoin conference” in their headline. CoinDesk, the hosts, accredit to it as a “blockchain technology summit” on their website.
An Important Article That Overlooks An Important Point
The Wall St Journal published an allegation of the ICO industry to accompany with the absolute vibe. Their commodity acclaimed that abounding ICOs are scams, and that abounding affectation threats to investors.
It’s an important piece, abnormally back it discusses the abridgement of accuracy vis-à-vis ICO aggregation members. And it happened to affection quotes from Nuno Correia, who active up UTRUST. During the countdown to the UTRUST ICO I alone approved to affirm Mr. Correia’s character and begin it about absurd – he had hidden or banned to admit around all advice about himself. Of the few capacity he shared, some were exaggerated, including his ‘background in law’ – which angry out to be in college. That article, to which I contributed, was subtitled “A apropos abridgement of accuracy and experience”. (To his credit, Mr. Correia has acutely formed adamantine to body and advance UTRUST back again – as able-bodied as his LinkedIn profile.)
Perhaps the Wall Street Journal’s writers ability accept begin a added absolute role archetypal for transparency.
An Unimportant Article That Overlooked Any Point At All
Forbes published an commodity by Jason Bloomberg about the “echo chamber” which aloft the hyperbole to the moon. “The problem: best of the babble about both blockchain and crypto is little added than the association talking to itself – a massive ‘echo chamber’ that in its final assay promises no abiding business amount for its participants.”
So says Mr. Bloomberg, who does not own, and does not intend to own, any cryptocurrency tokens. Mr Bloomberg had abundant to say about article he acutely knows little about: on VeChain (which he spells Vechain) he muses that the aggregation is “selling shovels during the gold rush”.
VeChain, it should be noted, is a highly-respected three-year old blockchain aggregation that has partnerships and trials with BMW, PWC, DNV GL, Louis Vuitton’s ancestor company, Kuehne & Nagel, and abounding others. It has a bazaar assets of over $2.3bn at the time of writing.
Mr. Bloomberg, it seems, could absolutely use a shovel, back his analysis can alone be declared as execrable.
Blah Blah Blah Bitcoin Bros
And so it went. Fortune agitated addition annoyed Bloomberg adventure about Lamborghinis and crypto bros, which would be absolutely accustomed but for the affronted accent over “rags-to-riches crypto traders with article to prove” which was acutely on affectation as “posts on amusing media appearance affair goers dancing to cyberbanking music, watching adorning videos about crypto…”
Dancing, cyberbanking music, adorning videos! Whatever next? (Oh, and “diamond-clad rappers” accomplish an actualization in this adventure too. At atomic I now apperceive that back my assignment as editor at Crypto Briefing comes to an end in 25 years, I can administer for a job at the Bloomberg Home For Outraged Old White Male Journalists.)
My Experience Of Consensus
We all apperceive that there are ICO scams out there. We all apperceive adjustment is approaching and important. We all apperceive that some companies will accomplish it, some will not.
What I saw at Consensus was not a accumulation of bodies who were absorption on the negative. The bodies I met with were all, after exception, agog and absolute about this arising technology.
They weren’t all realistic. Moonshots usually aren’t. Many will fail, some added rapidly than others. Yes, a few were there for the money… but some were common and humble.
But the bright association from the belief I’ve called to highlight actuality is that we – the blockchain association – are mindless, greedy, and foolish. And that artlessly isn’t true.
Anyone who was there knows the absolute story. We’re still the pioneers. The writers who acknowledge that they accept no cryptocurrency and NO INTENTION of accepting any, are the absolute fools – because they’re aboveboard acceptance that they cannot acclimate to a anarchy in technology.
The business media can abide to back-bite the crypto community, but it won’t change the actuality that this is happening, it’s accident now, and it’s not about alteration the approaching – it’s about active through the acquaintance of architecture it.
And the added they burlesque us, the beneath acceptable this association is to appoint with their publications back the industry matures, and they charge our numbers for their ad views.
We’ll acquisition article abroad to read.
Oh! Hello!
The columnist is proudly invested in several cryptocurrencies and blockchain companies, including Bitcoin which is mentioned in this article.
