RATE Group | Despite Denial, Cryptocurrency’s Decline In Full View At BlockShow Conference
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Despite Denial, Cryptocurrency’s Decline In Full View At BlockShow Conference

23 Aug Despite Denial, Cryptocurrency’s Decline In Full View At BlockShow Conference

Posted at 09:16h in Cryptocurrency News by

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European cryptocurrency and
blockchain
 conference BlockShow made its first US appearance in Las Vegas this week, attracting several hundred of the crypto faithful, intent on trading stories about how disruptive their new world of blockchain was going to be.

However, in spite of the hype, fervor, and intense camaraderie, the cracks in the façade were as wide as ever, as any disruption was all talk and no action. Instead of changing the world, the participants could hardly put together a rational business plan.

Numerous entrepreneurs approached me during the conference, pitching me on their business ideas. With few exceptions, every business plan had some fatal flaw. Here are some typical examples.

Five minutes and four password entries later you finally get your jelly beans, and you only have to pay a 10% transaction fee for the privilege.Jason Bloomberg

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