Monday 14 May 2018

Day 1 at Consensus 2018

Day 1 at Consensus 2018

Monday at Consensus 2018

Coindesk's Consensus 2018 revealed that the state of blockchain technology is strong. More than 7,700 attendees showed up to talk about this technology. Earnest people whose dress code can only be described as Crypto Chaos participated in more than a dozen panels and presented announcements and workshops of their own business accomplishments.

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Here's what you missed at Consensus 2018:

  • FedEx CEO Fred Smith said that crossing borders is their biggest hurdle. 
  • According to James Bullard, public and private money can exist on an equilibrium. 
  • Chief Investment Officer Catherine Wood said that we are currently in the late "frenzy" stage of this technology. 
  • Regulations should not be picking winners and losers, CFTC Commissioner Brian Quintenz affirmed
  • Miners debate ASICs and GPUs in mining discussion.
  • Global jurisdictions present a problem: one set of rules or different rules for different situations.  
  • RSK debuted the Clovyr application, which configures parity networks.

As the token skeptic, Bitcoin Core Contributor Jimmy Song said, “Let’s play buzzword bingo” when referring to a recently launched project. And to close the day, the crowd was primed for a rebellion. Dr. Whitfield Diffie affirmed that there “Can’t be a revolutionary force without taking over the establishment.”

Check back in tomorrow for day 2 of Consensus and if be sure to watch the livestream

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