‘œA world of a thousand tokens is not as strong as a world with one token.’
‘” Marty Bent
Interview location: Skype
Interview date: Sunday 23rd Dec, 2018
Company: Tales From the Crypt Podcast
What a year 2018 has been. The bear market has taken its toll on many: traders have lost money, companies such as Bitmain and Consensys are looking at significant layoffs, and the steep decline has provided the mainstream media with ammo to attack crypto.
Still, we may look back on the 2018 bear market as a good thing. Without a doubt, the majority of the crypto industry has been plagued with scams, poor projects and ideas which have raised vast sums of money and shipped little. Certain naysayers have been proven right with their criticism of Crypto, and sadly, these criticisms attack the category which includes Bitcoin.
As companies and projects close, teams face layoffs and investors lick their wounds; Bitcoin has continued to go from strength to strength. Despite the recent fall in hash rate, in 2018 it has doubled, Lightning Network continues to expand, and the user experience on wallets improves. Further, Wall Street adoption is happening, ICE is launching Bakkt in January and The SEC continues to make positive statements for a Bitcoin ETF.
In this interview, I review the year with Marty Bent: we discuss the bear market, what has been happening at Coinbase, the growth of stablecoins and what has happened for Bitcoin.
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