Blog Chain FinanceBlog Chain Finance》, aiming to "gracefully" get through the long bear in the currency circle through dialogues with the hearts of those who have crossed the bull and bear.Bull and Bear Apocalypse》, aiming to "gracefully" get through the long bear in the currency circle through dialogues with the hearts of those who have crossed the bull and bear.
Guests of the fifth episode:
Yang Linke，Bitcoin Chinahost:
host:
Blog Chain FinanceBlog Chain FinanceThe following is the transcript of this interview:
The following is the transcript of this interview:
Bolian Finance: You are the first person to use Bitcoin in China, can you share how you came into contact with Bitcoin? And how did you understand the new species of Bitcoin at that time? Of course, there are those interesting people and things in the Bitcoin circle?
Linke Yang:(Bitcoin in China) The first person was Huang Xiaoyu, who introduced me to the introduction, and I am very grateful to him. i amBitcoin Chinasecond person.
At that time, few people knew about Bitcoin in China, and only a few geeks knew about it. We were the first to do exchanges (Bitcoin China) are also very cautious and dare not register a company. (Until) 2013 did not start corporatization.
The second thank you is my other former partner, Li Qiyuan, who finally led Bitcoin China to success.
(Huang Xiaoyu and Li Qiyuan) They are very good partners, so character is very important when you choose a partner.
image description
From left to right are:Yang Linke, Huang Xiaoyu and Li Qiyuan
Bolian Finance: In 2011, you and Huang Xiaoyu founded the earliest bitcoin exchange in China. What did you and Huang Xiaoyu think at that time? Why do you think this is a business worth devoting yourself to?
Linke Yang:I didn't think too much about it at the time. I thought it was a good business, so I started it.
Sometimes when you are optimistic about something, it may not be a good thing to think too much. The important thing is to start acting first and then adjust in the process.
Bolian Finance: Compared with this wave of chatting coins for all people, from 2011 to 2013, the Bitcoin circle in China was very small. What things did you and the team do that are worth mentioning?
Yang Linkeimage description
"Bitcoin China Tour" Beijing Station at Garage Coffee in 2013
In addition, we sponsored Erbao's Bitcoin China Tour, which traveled to dozens of cities at that time, which has certain significance for the popularity of Bitcoin as a whole.
In 2013, we made a bitcoin payment product, and we also picked up some merchants, and finally stopped because of the 12.5 document of that year, so in the end it could only be used to pay the advertising fees of industry media.
Bolian Finance: Bitcoin has created too many wealth myths. For example, the "middle-aged uncle" Li Xiaolai, who is widely rumored in the industry, became the richest man in China's currency circle through Bitcoin. How much wealth do you personally accumulate on Bitcoin?
Linke Yang:Stored some Bitcoin, EOS, wave field and other various coins.
Most of the (people) who are still in this industry in the early days should not be short of money.
bear marketbear marketThose who can persevere are all believers, "the one who remains is king".
Bolian Finance: In 2013, Bitcoin China just received $5 million in equity financing from Lightspeed. It happened that the country had a policy supervision. How did Bitcoin China and you deal with it?
Linke Yang:Those who had just raised funds at that time survived, including OKCoin and Huobi.
At that time, the market was actually very small, but now it is 10 times that of that time.
In 2014 and 2015, various ideas were basically alive - OKCoin did Internet finance, Huobi did Caimao, and we built mining pools.
No matter what, you must live, and only by living can you have hope.
Blog Chain Finance: We know that 2014 also experienced a sharp drop, why did you "get off" in 2015? What kind of mental journey did you have at that time?
Linke Yang:When you leave and come back, many things are different. Many people left at the time, and many came back in the end, and this wave will be the same. So don't get off easily!
If you are optimistic about this industry, go on firmly.
Blog Chain Finance: What did you do after you “get off the bus” for the first time? At that time, were you planning not to come back, or were you still reluctant to part with the currency circle?
Linke Yang:Although he has left the industry for a while, he is still a shareholder and director of Bitcoin China. In fact, he is still paying attention to the industry trends. In the early days of the ICO outbreak, he also invested in several projects and performed very well.
Bolian Finance: Everyone knows that the earliest exchanges in the last wave of currency circles - Bitcoin China, Huobi, OKCoin, and Binance, which has risen in the past year or so, how do you evaluate the corporate style of the other three companies? When it comes to Li Lin, Xu Mingxing and Zhao Changpeng, what do you most want to tell them?
Linke Yang:Each of them has their own shining points. They are all good friends. Now they may have their own (things). I haven't seen each other for a long time. I look forward to seeing each other again.
Broadchain Finance: In the past year, what are the most satisfying investments of Ledong Capital and you personally? What are the missed investment opportunities?
Linke Yang:In 2018, more than 95% of Token Funds were loss-making. We are very fortunate that we invested less, so it’s okay.
Bolian Finance: I heard from insiders of Bitcoin China that many people who followed you a long time ago and invested in Bitcoin have accumulated a lot of wealth. After you returned this time, they were also called back by you. You are a nostalgic lover?
Linke Yang:The friends who came in with me in 2017 did make a lot of money. Many people, including those who bought coins in Bitcoin China in the early days, have a good life. I think this is the greatest value of Bitcoin China. It is also a pleasure for everyone to achieve each other.
The sale of BTCC also gave many former colleagues a lot of money. So, welcome everyone to join Bitcoin China.
Bolian Finance: Many newcomers in the currency circle today are very pessimistic. Is this similar to that in 2015?
Yang Linke: History always repeats itself!
bull marketbull marketwill be very long.
Bolian Finance: In the past two years, although you have been in the currency circle, compared with Zhao Changpeng, Li Lin and Xu Mingming, you seem to have little time in the spotlight. Practitioners in the currency circle introduce themselves, how do you want to introduce yourself most, and what kind of label do you want them to give you?
Linke Yang:This is not important, (just a brief introduction: I am) Yang Linke of Bitcoin China.
Bull and Bear ApocalypseBull and Bear Apocalypsebear marketbear market, What suggestions do you have for newcomers in the currency circle to survive this capital winter?
Linke Yang:Persevere, persevere, persevere. (Persevere, work hard, don't get off the bus.)
bear marketbear marketThe market is bleak and the popularity is low. )
Yang Linkebull marketbull marketWhat a harvest.
I am very sure that the blockchain will get better and better. The total market value of global stocks is 80 trillion (US dollars), and the blockchain is only 100 billion (US dollars). When all kinds of assets are tokenized, how much opportunity do you think there will be.
Bolian Finance: According to the relevant laws and regulations of the country, the current compliance sector of Bitcoin China is the business related to blockchain technology. So, in addition to investing in ZG Exchange, how will you plan in this cold winter, and what is the logic behind it?
Linke Yang:Bitcoin is like 2G, Ethereum is 3G, EOS is 4G, follow the times, there will definitely be 5G.
We (Bitcoin China) are still focusing on the field of exchange technology.
Broadchain Finance: What changes will the competitive landscape of exchanges have in the future? In your opinion, what is the biggest moat for digital currency exchanges?
Linke Yang:The biggest core competitiveness of exchanges is security, and most exchanges will die.
Blog Chain Finance: In this cold winter, we found that many people left the market, but there are also many "old people" like you who are returning. What do you think of this phenomenon?
Linke Yang:Everyone's cognition is different, so the choice is different. The important thing is whether you understand it.
Bolian Finance: As the earliest bitcoin investor and industry participant, after bitcoin and other digital currencies have experienced two waves of bull and bear markets, can you consider buying bottoms at the current price?
Yang Linke: It’s too late to buy the bottom.
Bolian Finance: If you were asked to list the three most admired people in the field of Bitcoin and blockchain, who would you list and why?
Linke Yang:Huang Xiaoyu Li Qiyuan Li Lin.
Huang Xiaoyu and Li Qiyuan are partners fighting side by side, and Li Lin has a structure and responsibility.
Bull and Bear ApocalypseBull and Bear Apocalypse" column, who would you recommend? Why?
Linke Yang:image description
Thanks to the above media for their strong support for this column
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