A recent Twitter thread from Joseph Lubin, Ethereum’s co-founder, calls “the crypto bottom of 2018,”

According to Lubin, the crypto market’s bottom “is marked by an epic amount of fear, uncertainty, and doubt,”

Continuing in a Twitter thread, the founder of Ethereum blockchain-focused software firm ConsenSys then evidently addressed his firms recently reported major layoffs:

“ConsenSys remains healthy and is engaging in a rebalancing of priorities and activities which started about nine months ago.”

He stated that Consensys continues investing in projects — in its role as a blockchain tech incubator and venture firm — and hiring for internal projects that “remain core to our forward looking-business.”

Lubin also blasted his critics about ”situations journalists and bloggers don’t have real data for, actual insight into, or understanding of”, and said that he could see a “very bright” future for Ethereum and its ecosystem.