Why do I love the cryptocurrency industry?

Today I will talk about a recent episode of mine.

Last week, I went back to my alma mater and gave a class of nearly 3 hours to the students of a major class taught by my tutor. I popularized some basic knowledge of Bitcoin, Ethereum and blockchain for everyone, and I also gave you some tips by the way. DeFi has been surging this year.

Looking at more than 100 master's and doctoral students sitting in the audience, it seems that I saw myself studying in the classroom, so the more I talked, the more excited I was.

Everyone listened carefully and asked a lot of questions between classes. In particular, I raised a question that made me think a lot: the students said that through the lectures, I can see that I am very passionate and passionate about cryptocurrency. Why do I have such enthusiasm and love?

Thinking about it carefully, this probably stems from a strong inner desire to change the status quo and achieve class leapfrogging.

I am very fortunate to have chosen information technology as my major when I was studying, and I am also engaged in technical work in the field of information technology after graduation.

In the past ten or twenty years, information technology has been leading the trend of world development. I have witnessed the rise of the Internet, the birth of cloud computing, the development of big data, the popularization of the Internet of Things and the popularity of artificial intelligence.

The rapid development of these new technologies has not only changed human life, but also brought rich returns to practitioners in this industry.

However, whenever I have the urge to achieve a higher level of career and wealth, I always feel an invisible and powerful ceiling.

As the most advantageous technician in the industry, when I hope to find room for further development in the fields of cloud computing, big data, Internet of Things or artificial intelligence, I find that the proportion of technical advantages in success is too low, Played too little role.

Even if you are a Ph.D., professor or even an industry leader, if you want to further develop your career and realize your ideas, the first thing you need is a core team, a group of people who share common ideals and are willing to work together; It is money, a lot of start-up capital; the third need is market development and personal connections.

In order to meet these three conditions, you have to carefully observe whether there are like-minded people among colleagues and friends around you; you have to lower your face and visit venture capitalists one by one; you have to rack your brains to analyze the market, figure out users, and find market entry points.

None of these three conditions is good for a technician. But if you can't pass these three levels, a technician may only stay in the company for a lifetime in chaos. This is still for a technical expert, but for an ordinary engineer, it is even more difficult to break through the obstacles of development.

In the most trend-leading field, it is so difficult for the most advantageous technicians to advance to a higher level, let alone employees in other fields and positions.

Looking back on the development of China's information technology in the past 20 years, only the rise of the Internet, during this period between 1996 and 2005, entrepreneurs can go it alone and develop an application or a website quickly in the market with only one idea. Grab your position. After that, such opportunities disappeared quickly. Today, no one can create their own world with just a few lines of code and a little technology.

Entrepreneurs emerging in all these information technology fields today either have backgrounds that ordinary people cannot match, or have strong connections in the circle, but these have nothing to do with us ordinary people.

Some people will say that I am optimistic about information technology, but I don't have to start a business in this field. I can participate in this field and enjoy its dividends.

As a non-practitioner, the best way to participate in a field and enjoy its dividends is to invest in leading companies in this field.

Let's not talk about the top Internet companies in the United States such as Google, Amazon, and Facebook. Let's look at Baidu, Ali, and Tencent, which we are familiar with in China. All three are listed overseas. Can ordinary domestic investors easily buy their stocks? Investors who can invest in these stocks need to cross higher qualification and capital thresholds.

We always talk about how many times Tencent's stock has risen over the years, but we ordinary investors are not qualified to share the dividends of these leading Internet companies. No matter how beautiful they are, they have nothing to do with our ordinary retail investors.

In the world of cryptocurrencies, it's a completely different story.

The founder of Uniswap, Hayden, was a layman who was originally unemployed and entered the industry by mistake. With self-taught programming, he developed Uniswap, today’s leading exchange on Ethereum. Uniswap’s less than 500 lines of code created at least dozens of exchanges. billion dollar market cap.

YFI, the top traffic project of this round of DeFi, was created by Andre Cronje, a layman who was originally engaged in legal work, based on his interest and enthusiasm for this industry, and created the Wanbi coin project YFI.

Examples like this can be seen everywhere in the field of cryptocurrency. I am afraid that in all fields of information technology, there is no second field that has such a low threshold and such a friendly atmosphere for technology entrepreneurs.

Cryptocurrency investment is an opportunity for ordinary people.

How many of the top DeFi projects I have listed have a currency price of more than RMB 100? Even for high-priced tokens like Ethereum, we can’t afford one, we can buy 0.1, 0.01. Here, we can always find a bowl of dishes that we can eat by ourselves.

In the traditional A-share market, we have to buy at least 100 shares for any stock. This threshold alone excludes many retail investors from many good stocks, preventing us from sharing the fruits of economic prosperity.

As a technology enthusiast, in this field, you can rely on your own understanding of technology, read project white papers, and look at application scenarios. Once you find a project you are optimistic about, you can easily go to the exchange to buy project tokens. Grow and share the dividends of the project.

Look around any other field, which field gives investors such a broad space and such a great freedom?

In the field of cryptocurrency, almost every round of emerging things will bring some lucky ones, such as the DeFi field recently, the ICO frenzy three years ago, and even the unknown believers who only hoarded Bitcoin to get rich.

This is the charm of this field. It has given everyone, especially ordinary people, a rare opportunity in the past ten years, allowing us to find our own opportunities and realize our ambitions in a new era of great exploration.