On 14 May, a large-scale blockchain and cryptocurrency conference Consensus 2018 was launched in New York: hourly entry queues, thousands of visitors, and parked Lamborghinis at the entrance.

The fourth annual conference Consensus 2018, dedicated to cryptocurrencies and blockchain, was opened in New York at the Hilton Midtown hotel. According to bitcoin investor, Barry Silbert, the number of visitors exceeds 8,500.


According to conference visitors, the event attracted so many people that registration process took several hours, causing jams at the entrance. The hotel staff obviously did not expect so many visitors.

Among the visitors there are representatives of the well-known blockchain and crypto companies such as Bitfury, Blockstream, Coinbase, Lisk, NEM, Ripple, Litecoin, manufacturers of mining equipment, Bitcoin Core development team and many others.

Bloomberg posted a tweet with a video which shows cars parked near Hilton. Do we need to clarify that there are parked, one by one, Lambroghini, sports cars that became a symbol of rapid enrichment of investors in cryptocurrencies. According to Bloomberg, three cars were rented by representatives of BitMex's crypto-exchange for about $1,000 per day for a car.


There was a artistic performance also. The mining company Genesis MIning hired actors who staged a hysterical rally near the Hilton Midtown hotel in the guise of bankers who allegedly lose their jobs in financial corporations due to the appearance of blockchain and cryptocurrencies. According to representatives of Genesis, the staged protest is "a funny way" to show how cryptocurrencies can defeat the banks if "they do not adapt to the new world."

Tom Lee, analyst and co-founder of Fundstrat Global Advisors, predicted last week that bitcoin may see rapid growth with the opening of the conference. He recalled the behavior of cryptocurrency market last year during the Consensus 2017, when bitcoin rose more than a half in a couple of days.

At the end of April, the co-founder of Ethereum Vitalik Buterin announced boycott to Consensus 2018. He mentioned several reasons for his decision. First, it is due to the fact that articles in Coindesk, which is organizer of the conference, often contain scam hyperlinks not to crypto projects, but to their fraudulent copies. The second reason is the fact that Coindesk "terribly" covered the situation around the new proposal to unblock frozen funds on Parity wallets. The last reason that prompted Buterin to boycott the conference was the price of entrance tickets.

Given that the cost of tickets for the conference ranged from $1,499 to $2,999, Coindesk could earn at least $12.8 million only on ticket sales, Bloomberg estimates.