{"id":9791,"date":"2018-10-29T00:00:00","date_gmt":"2018-10-29T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/10\/29\/joseph-lubin-is-optimistic-with-the-cryptographic-industry\/"},"modified":"2018-10-29T00:00:00","modified_gmt":"2018-10-29T00:00:00","slug":"joseph-lubin-is-optimistic-with-the-cryptographic-industry","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/joseph-lubin-is-optimistic-with-the-cryptographic-industry\/","title":{"rendered":"Joseph Lubin is optimistic with the cryptographic industry"},"content":{"rendered":"
The market of cryptocurrencies<\/a><\/strong>, their daily dynamics marked by speculation in certain spaces, and on the other hand the growing acceptance of blockchain technology in various fields are showing that the cryptographic industry is maturing and will be becoming stronger as time goes by.<\/p>\n Although it is true that cycles in this industry also exist, each stage has its own uniqueness. Perhaps the novelty of this industry and the absence of similar paradigms that allow comparison make many believe that a possible collapse of cryptography would be imminent, and nothing is further from the natural reality.<\/p>\n In a recent appearance on CNBC’s “First On CNBC”<\/em> show, Joseph Lubi<\/strong>n, one of the co-founders of Ethereum (ETH) and founder of Consensys<\/a><\/strong>, not only pointed out that cryptocurrencies are not on the verge of collapse or something like that<\/strong>, but there has also been a series of “booms and busts”<\/em> in the cryptographic universe in recent years.<\/p>\n He made special emphasis to the fact that while the prices of most cryptocurrencies are in a kind of “bankruptcy”<\/em>, the fundamentals of cryptography are in turn “booming”<\/em>.<\/strong><\/p>\n More than talking about a kind of “bankruptcy”<\/em>, the prices of cryptocurrencies such as bitcoin have been experiencing a stability that makes many forget that it was speculation that denatured the first of the cryptocurrencies, transforming it into an asset of digital value and away from its main purpose and mission to be a decentralized means of peer exchange.<\/p>\n Regarding the strength to which Lubin refers, the co-founder of Ethereum<\/a> <\/strong>said that the cryptographic space is the strongest that has ever existed, surpassing the speculative waves in its peaks and descents, giving as an example the decrease of speculative interest in cryptocurrencies, which has not bothered the true believers of blockchain technology.<\/p>\n