Bitcoin is ‘The Real Innovation’ – Jimmy Song Dispels Blockchain Hype at Consensus

Bitcoin educator, developer and entrepreneur Jimmy Song has bet an unlimited amount of money on cryptocurrency proving more innovative than Blockchain by 2023.

Bitcoin ‘The Real Innovation’

Speaking during a panel at Consensus 2018, which has since become infamous as a frank discussion of Bitcoin vs. Blockchain, Song made the bet with Ethereum cofounder Joseph Lubin.

“I don’t really see much of this stuff gaining much traction,” he said referencing blockchain solutions for global enterprise arguing Bitcoin is “the real innovation here.”

“I’ll bet you any amount of bitcoin that you’re wrong,” Lubin retorted, the pair adding the exact nature of the bet will be confirmed on social media.

The exchange had come about as an offshoot of a panel involving Song, Lubin and Amber Baldet, former blockchain program lead at JPMorgan, who had just presented her new blockchain project Clovyr.

Asked what he thought of it, Song “shocked” the audience by saying:

I don’t see anything other than buzzwords.

JPMorgan’s Lack Of ‘Substance’

“What I said wasn’t anything special,” he subsequently summarized on Twitter.

I verbalized what probably a large amount of the people in the audience were thinking and much of the reaction in the room was indicating that they, too, didn’t get anything of substance from the presentation.

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