Consensus 2018 has shown itself to be the largest blockchain and cryptocurrency focused conference in the world this week, yet most would agree it didn't live up to the hype.
There is a clear shift in tone growing within the industry's leaders who are getting over the hype of their own technology and looking toward responsible and innovative deployment of their products and services.
It's time to grow up
It doesn't take more than ten minutes researching cryptocurrency to find loads of comments and discussions harboring around price predictions, HODL'ing, and moons.
Even this week one of the most popular articles is about a few lambos displayed outside the conference, which while nice to look at isn't why thousands of industry professionals are gathering this week.
While these types of statements started out as some industry banter on social media, this speculative culture has quickly devolved into billions of dollars invested in blockchain projects with little interest of those investors in becoming actual users of those projects.
Blockchain leaders have realized they need to work harder to promote the facilitation of the emerging internet of value, instead of silently remaining on the sidelines while the masses scamper about Reddit threads and Telegram channels looking for the next pump opportunity.
I mean, this is the reason I started Accrubit in the first place!
So what can we do?
How can everyone in the community help people realize the potential of blockchain technology, instead of just enabling them to buy their next crypto lottery ticket?
This sentiment stretches outside the conference as well with blockchain leader Vitalik Buterin, founder of Ethereum, and the startups OmiseGo and Cardano boycotting Consensus 2018, citing their desire to not support speculative, sensational, and mischaracterizing reporting.
The message is clear for 2018. It's time for the blockchain and cryptocurrency community to grow up.
Those leading the way will ultimately be the ones taking the technology to market and reaping the rewards.
I say it's time to stop paying $4,500 a day renting a few lambos to flex at a conference and instead time to start implementing blockchain in the real world like everyone keeps saying we will.
What are your thoughts on crypto culture? Has it gone too far? Let's talk about it below!