RATE Group | Morgan Creek CEO: Ethereum will Create the ‘TrustNet’
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Morgan Creek CEO: Ethereum will Create the ‘TrustNet’

13 Sep Morgan Creek CEO: Ethereum will Create the ‘TrustNet’

Posted at 21:14h in Ethereum News by

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According to Morgan Creek CEO Mark W. Yusko, the problems Ethereum faces are the same problems the Internet faced in its dawn – and predicts a bright future ahead for the network.

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Morgan Creek CEO Mark W. Yusko voiced an optimistic opinion about the future of Ethereum. During a Yahoo Finance discussion panel on Wall Street’s cryptocurrency skepticism, Yusko debated the topic of Ethereum’s downward trend with panel hosts Dan Roberts, Dion Rabouin, and Rick Newman.

During the panel on September 8, the hosts discussed the belief that crypto coins’ downslope is due to ICO scams and project developers scrambling to cash out their Ethereum tokens. Speaking over Skype, Yusko agreed that some ICOs were fraudulent, but stated that bad actors would appear anywhere where there’s a capital. The executive conceded that digital asset prices had been ‘well above’ their value and called the bearish trend ‘a correction’.

Yusko also addressed Jordan Belfort’s comments that…

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