[ad_1]
ConsenSys remains healthy, Ethereum is accelerating
A few days after the publication of reports that ConsenSys, the distributed startup focused on strengthening the Ethereum ecosystem (ETH), was ready to lay off 50% of its employees, the founder of the company Joseph Lubin explained that contrary to the feeling of the community, everything goes well in the fields of the company.
In a barrage of tweets released on Friday morning, Lubin, who once hosted Mike Novogratz (CEO of Galaxy Digital), made it clear that his company is all but dead in the water.
I am calling the criptobottom of 2018. This fund is marked by an epic amount of fear, uncertainty and doubt on the part of our friends in the seals of the 4th and the crypto-fifth.
– Joseph Lubin (@ethereumJoseph) 21 December 2018
The co-founder of Ethereum said that ConsenSys, based in New York and supported by Lubin's personal war chest, is not destined to pass. In fact far away. Lubin explained that "the conjecture and paranoia preventive" that the media have thrown on him and his company do not believe, given that ConsenSys "remains healthy and is engaging in a rebalancing of priorities". This change, as clarified by the head start, began nine months ago, when the bear market in 2018 had just begun.
Lubin emphasized that this change was not directly catalyzed by the bear market, but rather by the company vision for ConsenSys 2.0, which will require the replacement of some "rays". The Princeton graduate pointed out that he is not completely excommunicating the irrelevant rays, explaining that the highest ConsenSys members are actively trying to determine how to facilitate these "projects in the future".
For the projects that underlie ConsenSys long-term efforts, such as Truffle, MetaMask and Infura (to name a few), the technology entrepreneur has exclaimed that these rays will continue to take over. He added that "some inside […] the roles that have been eliminated "will find their way into new positions within the startup, making it more than evident that the reports citing a 50% redundancy reported are not correct.
Lubin even joked that "the sky does not fall," later attracting attention to the fact that he is optimistic about the development of Ethereum, which continues to accelerate, coupled with the "continued maturing of the symbolic economy". He, like Circle CEO Jeremy Allaire, believes that in the coming years, tokens, whether focused on utility or security, who have good-faith cases will continue to be launched en bloc.
"I'm calling The Crypto Bottom Of 2018/2019"
In closing, the Canadian technology entrepreneur claimed that the unprecedented amount ("epic") of fear, uncertainty and doubt (FUD) of "our friends in the fourth and crypto-fifth estate" indicates that a fund for 2018/2019 in. This is far from an unfounded statement, as there have been numerous startups, prominent personalities and analysts who have thrown in the towel in recent months.
As reported by Ethereum World News earlier, the decentralized social media platform Steemit purged 70% of its employees, while ETCEEV of Ethereum Classic completely folded. Moreover, the mainstream media have also started to incessantly hit Bitcoin (BTC), with Bloomberg Opinion, for example, regularly beating the dead horse that the crypt is, in fact, in the middle of a bubble.
This, in the eyes of Lubin and countless others, indicates that yes, the encrypted market in general is finally recovering after prices have been depressed for almost a year.
Title Image Courtesy of Mark Finn on Unsplash
[ad_2]
Source link
