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.
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.
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
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.