😭 [Analysis] Cryptopia in crisis: Joe Lubin’s Ethereum experiment is a mess. How long will he prop it up? - Jeff Kauflin and Sarah Hansen

In this news piece, Forbes investigates the Ethereum ($ETH) backed business ecosystem of Joe Lubin, an original backer of Vitalik Buterin's cryptocurrency. Lubin, who owns between five and ten percent of Ether, has created up to 50 businesses funded by his personal bag. The project, ConsenSys, has real problems, however. Not only are multiple Ethereum backed ICO's under SEC scrutiny, but Lubin's businesses are running him an estimated $100 million in the red. A lack of centralization, direction, and profit vision have turned Lubin's business ecosystem dream into a nightmare: The only profitable project ConsenSys runs is business advisement for blockchain literacy, a short term game. For now, Lubin is comfortable with the losses, which he plans on personally funding.

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