Parody Demonstrators March At The Consensus 2018 Conference

NYC Consencus 2018 venue

The 2018 Consensus Conference has kicked off at the New York Hilton Midtown and is turning out to be more interesting than the previous events with “protesters” marching outside the venue.

A band of demonstrators with placards saying “Bankers Against Bitcoin” staged a rally in the streets. The rallyists, however, were in fact, not denouncing crypto but were projecting on what the possible reactions would be, when the time comes, from industries that were left behind because they hadn’t adopted blockchain into their systems. They held banners that said, “we thought this was a bubble”. Some chant hilarious marching songs like “Hey, hey, Ho, ho. Blockchain has got to go.”

The group’s website read:

“This protest is representative of what will happen to those industries and companies that fail to understand times have changed. Legacy industries that have gone unchallenged for decades will soon begin to see their monopoly slip away. The consumer abuse that’s been possible due to a lack of competition is over. The biggest competitor big banks have ever faced has arrived, and it’s not a company or organization, it’s a decentralized technology.”

Some highlight of the conference so far was, FedEx chairman Fred Smith commented,

“Blockchain has the ability to completely change logistics as we know it.”

On the other hand, President of the St. Louis Federal Reserve James Bullard said:

“Cryptocurrencies might be pushing in the wrong direction in solving an important issue.”

Bullard contended that cryptocurrencies, being non-uniform currencies, cannot work as national currencies. He further stated that, unless “screwed up” real bad by the bankers, the U.S. dollar will remain the de facto world currency

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