With day 2 of Consensus 2018 behind us, is the event turning out to be a disappointment to its participants?
Consensus, a 3 day conference held by CoinDesk, is an annual blockchain technology summit held in New York City. The conference claims to gather the leading industry startups, investors, financial institutions, and enterprise tech leaders who are building the foundations of the blockchain and digital currency economy. It is considered by many the place where “the best and brightest minds in blockchain congregate to help shape the future of this exciting new frontier”, as Matthew Roszak, the co-founder of Bloq, states.
Then why is it that so many entrepreneurs, investors, and enthusiasts are coming out dissatisfied and uninformed from the talks?
Despite the enthusiasm with which many attendees entered the conference, many are exiting each talk less and less impressed. Often times, the presentations are lacking in substance, filled to the brim with grandiose promises but devoid of details.
4/ The thing I said that got everything started was just the frustration with vague decks that have very little technical detail. Granted, you have a general audience, but come on, you have to provide a bit more detail than "we'll fix everything".— Jimmy Song (송재준) (@jimmysong) May 15, 2018
However, these talks probably reflect the nature of the current state of cryptocurrency projects: descriptive whitepapers detailing an impressive visions and goals that fall flat on tangible development. Of course, this is not the case with all projects, but many of the thousands of projects that exist within the space are essentially like those decorative fruits at an elderly’s house - they are pleasing to the eye, but they are not what they seem. It is no wonder that many of the speakers at the conference end up spewing vague ideas with minimal technical detail.
So... is the general consensus that #Consensus2018 is a little disappointing?— Emptybeerbottle (@Fullbeerbottle) 15 mei 2018
Sounds like the major positives are just meeting up with other people in the space. Plenty of issues with the event itself, but networking is always valuable.
If there is any doubt to the comical quality of the events, one does not need to look further than the last panel for the second day of the conference: “When Moon”. Although the phrase is infamous within the crypto bubble, it highlights the immaturity that the crypto community is failing to escape from as of now. As expected, the panel offered unhelpful content that taught little about the actual implementation of blockchain technology.
This last panel today is called "When Moon" here at Consensus 2018 in NYC...another uninformative, generalized panel filled with corporate shills. Coindesk and DCG are the epitome of what we detest about traditional finance and corporations. #consensus2018 #coindesk #dcg— Omar Bham (Crypt0) (@crypt0snews) May 15, 2018
Perhaps Vitalik Buterin and others who boycotted the conference were onto something. Consensus has become more of a money-grab occurrence rather than a culmination of conscious efforts to inform the world of the wonderful technology that is blockchain. Even though attendees of the conference have been able to interact and share with thousands of others who are enamored with the subject, Consensus lamentably falls short of showcasing blockchain technology to the world. Hopefully, the crypto community can begin to see the need for change and rally to properly represent the revolutionary technology that is fueling this movement in the future.
1/ My take on #Consensus2018 so far: It’s like all the popular kids (Blockchain) are publicly bashing the geeks and nerds (Bitcoin) while privately trying to copy their homework.— Johnathan Corgan (@jmcorgan) 15 mei 2018