I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.
What I've witnessed among the chattering class the past few weeks in response to @ConsenSys 2.0 is a rather typical tune: the alarmed, the eulogistic, and the gleeful.
We have been on the receiving end of an epic amount of conjecture and preemptive paranoia --- filled with damning rhetoric about situations journalists and bloggers don't have real data for, actual insight into, or understanding of.
ConsenSys remains healthy and is engaging in a rebalancing of priorities and activities which started about nine months ago.
We are creating transitions for some projects that we believe don't fit as well into the ConsenSys 2.0 vision as they did in ConsenSys 1.0, and we are working on ways to continue to support these projects going forward as we sketch plans for a ConsenSys alumni network.
We continue to invest in external projects, and continue to hire for internal projects that remain core to our forward looking business. We actually hired around fifteen people in the last week or so, and have job descriptions that we are currently hiring for.
Some within ConsenSys whose roles have been eliminated recently are looking to fill other roles at ConsenSys. This is a rebalancing of our activities and workforce.
The sky is not falling. From my perspective the future looks very bright. I remain excited about scalability solutions that are available now...
...or are becoming available for use in early 2019, core #Ethereum protocol development that is accelerating, and the continued maturation of the token economy, which will see many exciting consumer utility tokens and tokenized security launches in the new year.
Our Solutions group just saw the @IoKomgo project go live yesterday and are on the verge of locking down a few very exciting and sizable consulting projects.
Peaking into 2019, if you could see the landscape through my eyes, you'd have to wear shades.
Yours in Ethereal Serenity,
JML
Yours in Ethereal Serenity,
JML
Best of the season to all of our supporters and detractors out there. Good time to acknowledge that ultimately we are all in this together. Wishing you all a great 2019.
Clarification for those who are parsing the wording rigorously: The crypto-bottom of 2018/2019.
