Dion Rabouin, Rick Newman, Dan Roberts and Mark Yusko, CEO of Morgan Creek Capital Management, discussed the decline in the Ethereum market (ETH) and the fraudulent ICOs based on ERC-20 tokens that operate on the ETH network. Despite the fact that Ethereum (ETH) fell significantly in 2018, Mark Yusko states that Ethereum (ETH) has a bright future.
Dan Roberts and Mark Yusko discussed the issue of ICOs and fraudulent scams. They also discussed how the Initial Coin Offerings that were not scams cashed their Ethereum (ETH). Mark Yusko, however, also stated that when the Internet created opportunities in 1996 and helped digitize commerce, the next step would be the creation of the TrustNet, and Ethereum (ETH) is designed to develop it.
We could say that his six years are good, it's like the 1993 or 1994 Internet when Google had just been thought up and nobody thought it was important, "said Mark Yusko, CEO of Morgan Creek Capital Management.
According to Morgan Creek CEO Capital Management, Mark Yusko, Ethereum (ETH) has a bright future and will create the TrustNet by 2024
Mark Yusko added that, like TCP / IP, HTTP and SMTP helped people develop smartphones and the technology we use today, the Ethereum (ETH) lays the foundations of TrustNet.
"Ethereum is different: Consider it as the TrustNet World Wide Web," added Yusko.
On the other hand, Dion Rabouin also spoke about Jordan Belfort's claims that Bitcoin (BTC) was a scam. Dion added that Belfort was never a true supporter of cryptocurrencies. However, Jordan Belfort said that although he was a fraudster himself, Bitcoin is the biggest of all.
"The problem is [Jordan Belfort] he was talking about ICO, not Bitcoin (BTC) nor Ethereum (ETH) but he was talking about utility tokens and some of the utility tokens were a scam. capital, bad people will show up, "responded Morgan Creek Capital Management CEO.