Cameron Winklevoss of Gemini Exchange: Crypto-winter will lead to sustainable innovations



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Supporters of the cryptocurrency market never fail to make waves in the cryptosphere, many of them talking about the future of the sector and the implications of existing technologies. Cameron Winklevoss, co-founder of the popular Gemini Cryptocurrency Exchange, recently mentioned in a blog post the maturity of the market and the growing interest in cryptocurrencies.

He stated,

"… The crypto market has matured considerably since then. The value of bitcoins has gone from about $ 400 to $ 4,000 today. Crypto has grown a lot, Gemini too. We have grown from 25 to 200 employees and have celebrated many achievements over the last three years, including the recent launch of our mobile app. "

Winklevoss claimed that the brightest people flocked to the field of cryptocurrencies, with the aim of relying on the decentralized system without permission and open. He added that previously, the industry was a "niche", but it is becoming something bigger and better.

In his words,

"Trust is the gap. Despite the excitement, there is still much work to be done to change the public's perception of cryptography. Recent events, such as the losses suffered by QuadrigaCX, have caused a lot of harm to many people and have damaged the reputation of our industry as a whole. "

The president of Gemini added that the current winter cryptography would lead to sustainable innovation, as the hype of the end of 2017 masked many bad projects in the hype. However, for the moment, each project must correspond to a certain standard. According to him, the products manufactured at the moment "would shape the money of tomorrow".

Winklevoss' brother had already made headlines after Tyler Winklevoss said that "every problem with Bitcoins has never been a problem with Bitcoins". regulated. He said,

"Protocols have rules based on math and cryptography, but the rule we rely on is that of humans who manage value over protocol. We are therefore a regulated trust company such as a trust company to protect your value. This is usually where the disadvantages occur, not at the protocol level, but at the level of society. "


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Akash Anand

Graduate engineer, crypto manager and Arsenal fan. Is fascinated by technology and all its wonders. Strictly against pineapple on the pizza.

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