blockchain world’s biggest conference, has seen some interesting things up to now, among them an unexpected bet. Joseph Lubin, the founder of the Ethereum startup studio Consensys, and Jimmy Song, a partner at Blockchain Capital, a venture capital company, struck a handshake bet in front of an audience that blockchain technology won’t be around in five years.
As Quartz reports, Song argued that blockchain use in businesses could be replaced by other technologies to be more efficient: “You’re a hammer-thrower looking for nails at this point,” he said. “Blockchain is not this magical thing that you sprinkle blockchain dust over it and it’s okay.”
Lubin bet Song "any amount of Bitcoin" - details to be sorted out on Twitter, they said - that five years in the future, blockchain will have entered the mainstream through undefined applications in businesses. Song took the bet.