Ethereum’s Joseph Lubin calls a bottom for the crypto market, gives insight on ConsenSys
Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys, the the blockchain start-up recently claimed that the crypto space have reached the bottom for 2018/2019.
He also explained the crypto-bottom saying that it is marked by “fear, uncertainty, and doubt”. In his words, “I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.” Later, he added a clarification stating, “Clarification for those who are parsing the wording rigorously: The crypto-bottom of 2018/2019.”
Lubin posted a series of tweet stating how ConsenSys had been on the receiving end of an “epic amount of conjecture and preemptive paranoia”. It is filled with “damning rhetoric about situations journalists and bloggers don’t have real data for, actual insight into, or understanding of.”
The Ethereum co-founder also added that ConsenSys will continue to invest in the external projects and that it is not going anywhere. He explained on the social media that “conjecture and preemptive paranoia” spread by media is contrary to the sentiment of the community. And, as far as ConsenSys is concerned, he assured that it is healthy and it is “rebalancing” priorities and activities that they’ve started nine months ago.
Lubin also added that they’re hiring people for internal projects. In fact, last week, they’ve hired around fifteen people. He explained the rebalancing process by stating that in ConsenSys, some whose roles have been recently eliminated are trying to fill up other roles at ConsenSys.
Lubin mentioned that the future looks very bright by stating, “The sky is not falling. From my perspective the future looks very bright. I remain excited about scalability solutions that are available now…”
Further, he added that he remains bullish on the core Ethereum development. “Peaking into 2019,”Lubin added, “if you could see the landscape through my eyes, you’d have to wear shades.”
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