Acne Buterin explained his words about the end of growth of the stock market. What did he mean by that?


2018-09-13 17:15:07




1Like 0Dislike


Statement of the co-founder of Ethereum Vitalik Buterin on growth of the cryptocurrency market have caused the dissatisfaction of the majority of industry participants. Now the entrepreneur explained his position, adding that prospects for growth in the market is still there. His words are quoted .

Buterin explained that he was not talking about the market as a whole, but only of the impossibility of 1000-fold the growth rate of coins.


Why fall ?

I never said that the cryptocurrency industry as a whole there is no space for growth — it was about the courses coins. In the current situation, the growth of 1000 means that the market capitalization will amount to 200 trillion dollars. That's 70 percent of all the money in the world.

The Businessman added that the industry's growth will be associated not with an increase in the number of investors, and with the development of new technologies. For example, these include decentralized applications and extension applications of the blockchain.

I'm not a pessimist. The media that has misinterpreted my words, forcing his readers to act like Justin San (co-founder of BitTorrent, and well-known cryptofascist — approx. ed).

Last week, the acne Buterin that allows for the scenario in which the rate of Ethereum will fall to zero. According to him, this can happen due to problems with bloccano coins.

Is There a future for ETH? Please share your comments .


Litecoin has broken the level of 60 dollars and could trigger bullrun Bitcoin

over the past three months shows a steady growth. It is also connected with information about possible integration MimbleWimble — privacy Protocol, which is used to Grin and Beam. According to analysts, this trend may provoke the rising trend of Bitc...

Where the potential growth niche cryptocurrency? Reply Tom Lee

Known in the cryptocurrency community for its forecasts prices co-founder of Fundstrat Tom Lee called for the transmission of CNBC Crypto Trader. Along with leading a Ranom Namerom he discussed the issue of the predictions of the courses, and even to...

Binance runs from regulators, but in the end will lose. Report MIT

the world's Largest crypto currency exchange is playing a dangerous game with the regulators. She continues to work as if the market is still bullish, that is, including increasing the capitalization at the expense of ICO. The experts at MIT believe ...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

Bitcoin behaves like in 2015. What is the result?

the Behavior of Bitcoin in 2015 and in 2018 is extremely similar, noted analysts . As three years earlier, the first cryptocurrency increased in July but dipped in August. Why is it important for the traders now? In 2015, after t...

What is the main advantage of the QR code in the world of cryptocurrency? Expert's answer

During the conference the CEO of Blockchain Cruise BTCC Bobby Lee spoke about the benefits of QR code for Bitcoin. According to Lee, the code gives a great opportunity to quickly raise funds in cryptocurrency. About it writes . Ho...