CoinDesk’s Consensus 2018 Conference started on May 14

A three-day conference beginning today, on May 14: R. Sluymer, B. Barhydt, V. Buterin, OmG, P. Szilágyi express their points of view about the event
14 May 2018   832

The conference is devoted to blockchain technology, which is claimed to be at the very basement of the next-generation technological revolution. This activity is suggested to boost projects’ development and jobs creation possibilities in the blockchain sphere.

The euphoria around the matter reveals that despite the crypto-market valuations have halved since the start of 2018, it has not kept the confidence of industry players and giants. Although, Robert Sluymer supposes that the Consensus can assist to decrease the regulatory pressure and also could provide the next successful step in the development of crypto industry.

Bull-bear scenario developing where folks are arguing it’s getting lower. Our view is this is a much bigger bottom that has developed. If that’s the case, this pullback will be relatively shallow. It’s already pulling back from the 200-day. It’s sitting just above the 50-day moving average. So, between the $8,800 and $8,200 – and I know it’s a big range – but that’s where we will see support and we think Bitcoin continues higher from here.
Robert Sluymer,
Managing Director and Head of Technical Research, Fundstrat Global Advisors

So, he is sure that Bitcoin and other cryptocurrencies are at present in the recovery phase and the Consensus will become a big catalyst for the next bull-run. This idea is also supported by Bill Barhydt:

Clearly there’s a lot of money to be made in the enterprise IT world, and blockchain seems to be the flavor of the month. This represents an opportunity for companies that are trying to jump on that bandwagon to take advantage of that confluence of factors at the same time. Obviously, there’s a lot of money moving around in terms of sponsorships. We’re getting requests every day to sponsor.
Bill Barhydt,
CEO, mobile-based cryptocurrency storage app ‘Abra'

As for Ethereum Co-Founder Vitalik Buterin, he is boycotting the Consensus conference and also strongly encourages others to do the same. Vitalik explained his decision in his Twitter. He claimed the following: Coindesk is taking part in enabling giveaway scams (then Buterin refers their latest article on OMG, which *directly links* to a giveaway scam).

OmiseGo has also supported Buterin by announcing that they will not be present at the conference.

Ethereum developer Peter Szilagyi has also reported that CoinDesk had not included his feedback, which the publication had needed on the issue of EIP 999.

Peter Szilagyi in his Twitter
Peter Szilagyi in his Twitter

Vitalik Buterin in his Twitter
Vitalik Buterin in his Twitter

Buterin has also charged CoinDesk of overcharging the conference participants:  “The conference costs $2-$3k to attend. I refuse to personally contribute to that rent-seeking.” Amber Baldet, the former head of blockchain at J.P. Morgan agrees with him on the problem of high-cost events stating that the irony of high-priced conferences is they’re the ones least likely to be paying speakers within the community, who care the most & need the platform to share new work.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.