What’s in Your Bear Market Backpack?

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The market slump has earned mixed reactions across the Ethereum community. skesslr and cryptauxmargaux report.

And then there was Vitalik. On June 20, two days after ether crashed to its lowest price in over a year, Vitalik Buterin, Ethereum's co-founder and thought-leader-in-chief,Never lacking insight, Buterin wrote a post containing dozens of useful morsels for traveling light and on a budget. He provided links to a flash-drive-sized portable shaver, recommended two different compact laptop stands and included pictures of his favorite Shiba-emblazoned sweatpants and Uniswap-themed socks.

And yet, Buterin seemed not to be thinking of current events when he suggested that toilet paper rolls can make the perfect portable microphone stand. “There's this tiny world that existed in like 2014 to 2015 of people where it was a bear market, no one cared, and there was no money. We all just hung out. It was super fun. Honestly, you can see from his tweeting that Vitalik, just the minute the bear market starts again, he's happier,” Manian said.

As the contagion from the Terra stablecoin ecosystem collapse and the Celsius and 3AC insolvencies continue to wreak havoc across crypto balance sheets, blockchain companies large and small are bracing for crypto winter by laying off workers and cutting down expenses.

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