Bitcoin is not a virtual currency, it is a real world-Li xiaolai

[Editor's note] Li xiaolai may be the most well-known bitcoin player in China. This guy, who claimed to be "Bitcoin brains", has been in this field for more than two years, not only accumulating wealth quickly, it has also established a good personal brand and a fund for bitcoin entrepreneurs. On the afternoon of June 23, June 29, Li xiaolai attended the bitcoin Salon held by pingwest and gave a speech. The following is a transcript of his speech:

 

Two years ago, I could never imagine that there was such a venue. There were so many people paying attention to bitcoin. Today there were so many people who really surprised me, first, I declare that I am a bitcoin brain powder and I will repeat it again. Two years ago I was a bitcoin brain powder. (Applause)

 

This is what I recently discovered. In the event of any controversy, I would like to say "I am a fan of brains" first. I don't need to talk about anything anymore, so I am very worried. The second thing is that, I think the Chinese people are the most calm people in the world. Just now I am not so calm down. I am very calm when I look at everyone. Two days ago, the Industrial and Commercial Bank of China had a very indecisive thing. Later, I found that the Chinese people are still very calm and I admire it. The third thing I want to clarify is, I have never initiated a bitcoin fund. No, my fund is called "Bitcoin fund". The word is a lot worse, just like Lei Feng and rester.

 

Since I am a fan of my brains, let's talk about what I should think:

 

I have been living in the bitcoin world for two years. In a sense, I have been alone for two years. I have never mentioned Bitcoin to anyone around me, but for various reasons, I know that I should do this, so I have never publicly held a large number of bitcoin acquisitions on my blog. As we all know, it is also very interesting to say that people around you never read your blog. Do you know? Then one day they suddenly said, laughing, I heard that you are a bitcoin giant ?! I don't know what the term "big coffee" means. Then they blame me and say, "Why didn't you tell me ?"

 

This is actually the case. So far, I have rarely explained to anyone who doesn't understand bitcoin why it is reasonable. I think it is too difficult and difficult. Many people often say, "Wow! We use bitcoin. "Bitcoin is very good !" "You need bitcoin !", I often told them that this is unnecessary. You have heard of who promotes gold? "Good gold, buddy !" Who have you heard about promoting the Internet? "Dude, you don't need the Internet !" I think so. This is a good thing. You don't need it if you don't need it. You can use it if you like it.

 

So I have never told anyone about it. Sometimes I am forced to, for example, invite a very famous institution in our country. My good friend is a partner there and tells us with a smile, I went to talk about it two years ago. There are 20 people sitting below, which are said to be the smartest brains on the earth. I have been talking about it for half an hour, they think I'm crazy. One day two years later, it was said that Bitcoin had exceeded 100 US dollars, and they crashed again. It was said that they had found another group of people with a higher level. Please come and tell us. I said I didn't understand what I said last time. This time I could understand it. This time I was professional. Well, I went there. After talking for an hour, I looked at the following confused face, and I was desperate again. I'm really too lazy to talk about it. So I am here today to come up and declare that I am a brain powder and definitely a brain powder. Don't ask me any other questions.

 

The world of Bitcoin is definitely another real world. This is really very important. It has many meanings. I just pick one thing for everyone. Have you ever thought about it, before bitcoin appeared, how do you think of a world without counterfeit money? You don't have money, but you printed it out, and then you spent it out. You hate fake money, but you don't hate it. As a common citizen, you can't afford fake money at ordinary times, however, you do not know that there is another counterfeit currency in this world. The legitimate counterfeit currency is the issuance of currency. Without my consent, you will not be able to print it out, the bank said it was true. In a sense, in the history of mankind, we are constantly evolving. Our power as a people is very small, very weak, and really at our mercy, but today, we suddenly came up with something. After careful consideration, wow! No counterfeit money!

 

Of course, it has a lot to do. Can I understand it at will? But this is really important, so in a sense, I am particularly surprised that Bitcoin is called "virtual currency". This is wrong. What is virtual currency? This is a real currency, and it is a currency. You guys are here. Take a look at the 100 yuan in your pocket. It's also a virtual currency. Do you understand it? So like me, let alone a virtual currency. It is a currency. Don't argue with me. It's like this (Laugh ).

 

As you can see, this is a picture of evolution. We are here. Actually, it is no different from this. It is just an evolutionary accident. In a sense, why Can humans stand at the top of the food chain on Earth today? Many scholars have repeatedly studied and finally come to a desperate conclusion, pure TM luck. Do you understand? But this is really fun. Do you know why it is fun? When I first came into contact with Bitcoin, I didn't even think it would come today. I just thought, wow! So cool. Then I think a little differently from the people around me, wow! This is a very good social experiment, but we have a clear idea. If I participate in this experiment and the experiment fails, it will not fail, but it will fail, is that true? In fact, practitioners are always doing this kind of thing. If an experiment fails, let's do the next thing. So today many people are wondering, if there is another new virtual currency, isn't it all done? I think it's strange that it's over. What's amazing? Let's do it again, that's progress. Every one of us is involved. In fact, in a sense, we are like standing here in the bitcoin world (the source of evolution). We can't know what to do in the future, we don't know whether we will be the species standing at the top of the food chain on the earth. Once upon a while, the old dinosaurs were gone, but when they changed, they would be gone, I have to honestly say that I don't know when Bitcoin has been deprecated, even if it's my brain.

 

However, there is a particularly important thing behind this. Let's think about it. We are so weak and at a loss in the process of human development. We can't believe anything, at the beginning, we believed everything and began to worship Buddha with a strange power. Later, people gradually began to wake up. Some smart people in the crowd told you that you are wrong. I am more right, at the end of the day, everyone began to believe in the only god. As we all know, there are many religions on the earth, and there are also several "only gods", which is absurd, but in that world they believe in the only God. Then we improved again and found that this was not correct, so we began to believe in a variety of authority. Then we start to enter the society we yearn for, the Legal Society. Of course, the race on the earth is different in luck. Some people are born in the United States, and they are very nice, some people are unhappy if they are not born in the United States. OK, we are still struggling.

 

However, bitcoin appeared, and I felt like this when I saw it, "Wow! We don't even need to use the law ." This is so cool that we only need to use mathematics, so I have a reason for this. I always think that I have repeatedly stressed that the same things are put there, what people see is different. What they see is totally dependent on his past knowledge accumulation and his thinking level, therefore, a lot of arguments are unnecessary.

 

We will start the most important step right away. If you are interested in Bitcoin today, I believe you are exactly the same as what I thought two years ago. How can I participate in this, there are many ways to participate in this thing. For example, if a good friend of mine is a mother, her participation method is to make sure that my friend wants a bitcoin and it exists in her wallet. When everyone else says, I have bitcoin! Well, this is also a method of participation. But more people think of it. I believe that, just like me, you think of "how can I do more ?"

 

Here, I will explain what President Zhao said just now. I would like to explain to him that Bitcoin is actually nothing wrong. Have you ever thought about it? Do you know why? All the currency users are actually contributing to the community. The currency is no longer circulating, meaning that the rest of the users have gained more value. Then there is another risk of currency loss. Why? It is possible that his contribution will be even greater. People who are banned by traditional knowledge can never imagine that only one Bitcoin is enough in the world. They don't know about mathematics, do you know? Applaud!

 

So I think everyone here may think this way. People in and out of this world will tell you one thing first. This world is a real world, so in this real world, there is a principle that is infinitely magnified, that is, credit is priceless. You have heard that the business world is a world of credibility. In the real world, it seems that some people do not talk about credibility. It doesn't matter. But if you want to earn more bitcoin here, I will tell you, it is particularly simple. The first thing is not to argue with people, to publicize people, to make a website, to see people do a communication site, or to make a communication site. No, it's useless, no one will come after you do it. I will give you two examples. The Chinese version of the Bitcoin forum is John K. He is now my partner. I have established a good network of contacts because of Bitcoin, the daily guarantee for this child is USD 1 million! How old is he? It's 19 years old and has no birthday yet. He has been a bitcoin Moderator for two years. In the past two years, some people want to buy a roast cat. The roast cat has to ask John K. You know, everyone gives money to John K, when a roast cat produces something and sends it to him, John K gives him the money again. John K charges 7‰ of the guarantee fee. The child is a Malaysian Chinese and speaks better English than me, chinese is also better than me. I am about to study in the United States.

 

Therefore, you can have no website or technology, but if you establish a connection in some way, making money here is the same as making a play, and once you enter this channel, you will find that you no longer want to make money, because it comes on your own and you don't have to think about it. This is really important.

 

Let me give you another example. This is a person I recently met, dooglus, Canada. He recently did something called just-dice, it's not the variant of Satoshi dice. I told you that Satoshi dice is the largest listed company in Bitcoin and is very strong. Their transaction volume once reached 1/2 of the entire bitcoin, a gambling website, then there were N people. I had statistics that no less than 1300 websites were like Satoshi dice. You said the technology was good, but it was useless for you to do that. No one came to play because people didn't know who you are, what do you do if I give you money? Just-Dice is only available on the seventh day until today. His website has an investment of about 14000 RMB, which is equivalent to one thousand RMB. Why? He has an influence on the Bitcoin forum. His website went online on the third day, and suddenly the website went down. My buddy went to bed for three consecutive days. The website went down, and everyone panicked! But someone on the Forum said, "No !" The website was up three hours later.

 

You don't see it. There are many such examples. Today there are many, and the truth is very simple. I realized this two years ago, so I am interested in setting up the impact on Bitcoin. I publicly hold it, I have made a large number of acquisitions. I have told you what I do. This is not what you have come up with today. First, you must be an honest person. Honesty is profitable here. In addition, it is cost-effective to establish an influence. Believe me.

 

The next step is to be down-to-earth. What is down-to-earth? Let's talk about a very common sentence, ideas are cheap. You Need To Know That Bitcoin is definitely ...... Your mind is full, and every angle can make you think for a long time. From the very beginning, a person will be able to figure out everything about Bitcoin within six months, I usually think that this person has a very high IQ, because you should not only have enough knowledge in various fields, and you need to be able to jump out of this knowledge and drop it and try again. This is terrible. For example, the currency of 21 million is not enough. What do you want? But that's because of his past knowledge accumulation. Does that mean that? So half a year is very short. You have various ideas every day and think every day. Wow! I can earn this, but I will tell you that this is my advice, down-to-earth, and what you can do. At this stage, this world has a unique feature, who can make the most money? That is, those who have the ability to make this thing from the beginning to the end all done can make more money, you want to cooperate with others? Difficult. I want to tell you that this is what my team is doing now. He said that he wants to do bitcoin. Well, we have seven partners, because it is precious and difficult to guarantee in the bitcoin world, what do you do if someone has taken the bitcoin wallet away? If you lose me, I will find you. Either of you is him or not. What are the three of you? I know who you are? Partnership is so difficult.

 

I will give you an example of my own. You may have seen my experience. I initially bought 2100 bitcoin. I think this is a great experiment, if this experiment succeeds, I have one thousandth place in this country! I think it's exciting. I think it's all goose bumps. Then I spent money to buy 2100, and then it went up and went up to death, I just bought the first batch of products for $2. After I bought them, the average price was already $6. When I woke up, I went to bed and rose $1. When I woke up, I woke up and went up for $2, I started to think about the profit. I can use it to buy a mining machine. The picture we are looking at is the largest mining plant in Asia at that time, at that time, there were more than 40 graphics cards in a container, which was placed between Beijing and Tianjin in a rural area called Bazhou, with two air conditioners on one side.

 

But I didn't actually dig much mine. I dug a poor 200 mine. Why? This was not something I could do at the time. I had to entrust a person who promised to help me manage this thing, but he had to wait a week until the power was cut off. Fortunately, my heart was so big that I had to endure it for a week. He said, smile, it's done! It's done. It's dug! Then he returned to Tianjin and went down the next day. No way, no way at all. I want to assure you that if you must rely on others to do this, you will encounter problems in 100%. So why did I stop working as a mining machine? I quickly sold it, and I sold it at a price of 10%. Then I quickly did one thing, I started to use all the money in my U.S. stock accounts to keep buying and selling. Why? This is what I can do. It depends entirely on me, and no one depends on me. If I don't talk to anyone, let me do it.

 

Of course, I was lucky because of a disaster. Now I think back, this is the most neat money I have made in my life. The easiest money is just a little mouse. It's clean. You don't have to say it, do you know why? You don't have to pay taxes. I also want to make (Laugh ).

 

So be sure to do something down-to-earth and do what you can. Otherwise, you will enlarge your head every day and daydream every day. It looks like a madman in the eyes of others, then it's more like a madman. It's boring.

 

In this process, I hope you will understand that this may be the best learning opportunity I have ever encountered. I have never stopped learning. I am so happy to learn what I caught, as you may know, as an English teacher, I started learning a website at the age of 40 in last August. At the beginning of this year, I produced a website named "new one", which is very popular, I am such a person, and I am really happy with what I learned, but this time bitcoin really gave me an unimaginable opportunity to monetize knowledge so quickly, A lot of knowledge can be realized quickly. Many people think that they are financial experts. He has been saying that if everyone hoops and everyone is speculative, everyone buys and sells money, then it has no monetary value. I think this idea has a poor knowledge point. currency itself is also a commodity, and currency is the most essential commodity.

 

What is the largest market on the earth? In the financial market, it is bigger than the beef noodle market. Some people say every day that I cannot buy beef noodles with Bitcoin. Why should I buy it? I think this person's ideal is a poor stage. This is the accumulation of knowledge points.

 

All of you here are very good at English. If you do not understand English or paper, you will struggle to read the paper, and you will not be able to read the Forum. This is also a kind of knowledge realization. The most important thing is mathematics, mathematics is also a kind of knowledge realization. The stock of roast cat is currently the only stock worth investing in the bitcoin world. The truth is particularly simple, all other chip manufacturers and managers do not have the brain to bake cats. People have detailed actuarial models. This is a mathematical problem. The brain is so bad. They also need mining, joking, and telling the truth, this is not a joke, so I think about it myself.

 

Of course, the most important thing is logic. I actually have a very good book about the preliminary logic, called "using time as a friend". I am about to make a new version. You have time to take a look, it may be the easiest way to monetize your knowledge.

 

The Bitcoin participation process is actually the process of realizing knowledge. The following is a simple and difficult process to remember. For example, if I buy bitcoin, I will not sell it, do you think it is easy? I didn't sell it for 15 yuan, I didn't sell it for 20 yuan, I didn't sell for 32 yuan, I didn't sell for 42 yuan, I didn't sell for 260 yuan, and I didn't sell for 90 yuan. Is it easy? So I tell you, on the contrary, it is really not that easy for everyone to respect those who dare to store coins. I just told you where they contributed, why don't I sell it? For two reasons, the first reason is that my money is too short. It is completely idle for me. Even if it disappears, my life is still my life, I have been living on my royalty for years. How much is bitcoin originated today? As you can't imagine, we asked our teacher for a long time before New Oriental went public for 4600 RMB ...... I purchased the last batch of 2000 shares, but I still need to spend 2 yuan to buy one. I did not complain, so I bought it. I bought it two or three days later, I was listed, so I had a U.S. stock account in an economically controlled country. After going public, it went up and then rose to more than 80 USD, I sold it. After I sold it, I found it fell. Then I bought the Apple stock. Then I found that the apple stock went up.

 

Listen, I just turned into 40 thousands or 50 thousands US dollars. After I sold the New Oriental stock, I only paid 40 thousands or 50 thousands US dollars. Then I bought the Apple stock and changed it to more than 10 US dollars, later it became bitcoin, and later it increased many times. But for me, I can do this very easily. The initial amount is 4600 yuan. I will always tell myself that it is 4600 yuan. But I can tell you that I had crashed myself more than a year ago. Later I found that I could not put it around, so I turned it into a paper wallet and placed it where I could never reach it, understand? Otherwise, I sold it. Why don't I sell it for 260? If it is not enough, forget it.

 

Therefore, it is easy to say many times. When you start dealing with people in this world, someone will always give you a ticket with your chest, so you may be confused. This is really the case, so you will suffer less losses.

 

Another point is the international field of view. This point is explained by those who come to the meeting today to learn about the opportunities of bitcoin, not just the small players of Bitcoin. For example, when I am in an investment team, I often ask a question: "Where is your target market ?" When they say "It's China", I basically pass them over. In short, please listen carefully. The P2P network is the real network, can you understand this sentence? Before P2P appeared, the network was still a simulated network, and the center result was inserted. When the server crashed, it crashed. It didn't let you see Facebook, and you didn't know the existence of Facebook, so before that, the network was not a network, but P2P emerged. After P2P emerged, the real power of the network emerged, which was unstoppable and stopped, so everything related to Bitcoin has been internationalized since the very beginning, and it must be internationalized. Otherwise, you will be limited. I can only say so much, so many of my current investment teams are abroad. This is the international field of view.

 

Finally, I want to tell you why this incident turned me into a brain powder. In fact, the most fascinating thing in my life is that there is nothing in the world. When you wave, it appears, who is doing this? All the people who can make life out of nothing are called creator. We can translate it into "creators". Of course, you also know that in another context, it is called "creator, so it is very charming and very charming.

 

The actual situation shows that Bitcoin is much more practical than the currency you see. I have a large bitcoin group, the saying goes, "ten yuan a person will be a huge user in the future." Do you have to stop selling for four years? If you lose all your currency in the future, try it (Laugh ).

 

Let me talk about another thing. The changes it brings to us and the opportunities it brings to us are unprecedented. How can we call them unprecedented? I only want to tell you a clue. I never thought that I could accumulate wealth at this speed in my life, I think there are already many people in the world who have experienced this experience. Don't you think it makes you live longer? Have I made it clear? This is no different from longevity,

 

Then let's look at the world two years ago, and then look at the world two years later. When I entered the world two years ago, it was ridiculous. What is it? Nothing. But today we have exchange, we even have P2P exchange that we can see, and we can trade stocks. We have listed companies here, and more people are paying attention to them, more and more people are starting to use it. You see, the vpn I use today is bought by Bitcoin. It's so convenient, you don't have to register it, send it here, beep, and I will start to use it. So the world is changing, but no matter how it changes, it is still very primitive, really very primitive, although it is a new world.

 

So I don't think we are far away, but we are still far behind. We only have less than 1/3 of the time, and there are many opportunities in the future. I hope to share some of my ideas with you today, some simple principles are helpful to you. Thank you. Http://www.btc800.com/