The first day of the consensus event has indeed been extremely entertaining but the best is yet to come. Leaving the Lambo parade and fake banker protest aside, the panelists in the main hall have jumped right into the core issues.
On stage with Ethereum co-founder Joseph Lubin, Bitcoin core advocate Jimmy Song was notably upset over the over-blockchainization of the crypto space at the moment, particularly by corporations who, as Jimmy put it, are centralized by nature and therefore have no need to decentralize any aspect of their business.
If as Jimmy says, many of the presenters are “playing buzzword bingo,” than the central word of the day was “interoperability.”
The idea that blockchains will be able to interact with other blockchains in a giant side-chain connected mesh seems to be one that many are taking a liking to.
Today's Highlights
Traditional Markets
The state of geopolitics has been agitated for so long that many market participants seem to have grown comfortable with it. Things are far from normal but nobody seems to be panicking anymore. We hope that all of the global drama dies down but of course need to be prepared if things do ramp up.
Trump surprised the world by making a U-turn on the Chinese telecom company ZTE and went from trying to make things as hard as possible for them to now showing support. Though it's still unclear where this is going, this does seem to be a positive progression.
The stock market in the US made its own kind of U-turn going from early gains and a morning ramp, to end the day lower.
Asian stocks followed the US lower and European indices have been struggling to hold their slim gains this morning.
Try Again
Today, the president of Turkey is visiting the UK and turning more than a few heads there. Yesterday he spoke with Bloomberg's Guy Johnson in anan covering topics from monetary policy to the latest Iran sanctions.
