This article is from:This article is from:Blockchain Camp (ID: blockchain_camp
), author: Lin Momo, forwarded with authorization.
"October 31st should be designated as Blockchain Day." Someone in a community made such a proposal.
On this day ten years ago, Satoshi Nakamoto released the first version of the Bitcoin white paper. In less than 3 months, he turned the vision of the white paper into reality. Two years later, Satoshi Nakamoto chose to leave Fuyi, but the blockchain world he opened has gradually become lively.
Looking back on the past ten years, there have been constant controversies and opportunities. Accompanied by myths of making wealth one after another, the wheels of the blockchain are rolling forward. The truth of the blockchain sorts out the past ten years along the timeline, hoping to record this wonderful time as much as possible.
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At around 9 am on September 14, 2008, a phone call completely sealed the fate of Lehman Brothers.
"We unanimously decided to choose a reckless institution with sufficient influence to shock the market, voluntarily abandon all potential commitments to it, and let it go bankrupt completely, so as to warn all market participants not to have illusions. In fact, Lehman is just Picked at the wrong time," Bernanke, chairman of the Federal Reserve, told Richard Fuld at the helm.
The last hope was lost. At this moment, the 62-year-old Fuld can no longer repeat the miracle of the 9/11 incident-turning the tide and allowing this century-old investment bank to successfully survive the disaster.
At 1 o'clock in the morning on September 15, Fuld walked out of the Lehman headquarters building, faced the rushing media, and read out the resolution of the board of directors: Lehman Brothers Investment Company applied to the federal government for bankruptcy protection bill No. 11.
This is just the beginning of the financial crisis, not the end.
On the same day, Bank of America announced the acquisition of Merrill Lynch, the third largest investment bank in the United States, at a total price of nearly US$50 billion. That month, Goldman Sachs and Morgan Stanley, the only remaining five major investment banks in the United States, transformed into bank holding companies. Six months ago, Bear Stearns, the weakest of the five major investment banks on Wall Street, was acquired by JPMorgan Chase at an "ultra-low price" of about US$236 million.
Soon, the economic crisis spread to the whole world. The central banks of various countries printed money crazily, the currency in the hands of the public depreciated, the inflation was abnormal, and the purchasing power of the masses was greatly weakened. The old world is in turmoil in the financial crisis, the public's credit and the economy have shrunk together, complaints are coming and going, and a new order needs to be established urgently.
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At this time, a cryptography geek appeared with a dream of decentralization.
On October 31, 2008, someone named Satoshi Nakamoto published a paper on the "metzdowd.com (cypherpunk)" mailing list entitled "Bitcoin: A Peer-to-Peer Electronic Cash System" .
In the paper, Satoshi Nakamoto described in detail how to create a decentralized electronic transaction system, and this system does not need to be established on the basis of mutual trust between the two parties in the transaction.
It is a pity that not many people pay attention to his views, even if it is a place full of great gods in the encryption industry. Fortunately, he was not affected, and started his plan methodically.
On January 3, 2009, on a small server located in Helsinki, Finland, Satoshi Nakamoto dug out the first block of Bitcoin, the Genesis Block, and obtained 50 Bitcoins. award.
He wrote this sentence on the blockchain: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
That was the headline on the front page of The Times that day. At that time, under the pressure of the financial crisis, the British Chancellor of the Exchequer Darling had to consider a second shot to relieve the banking crisis. At this time, not only the United Kingdom, but also the United States and Russia, the bad financial and monetary system is spreading all over the world.
At 6:15 p.m. that day, the genesis block was entered into the public ledger. The blockchain 1.0 era - the era of encrypted digital currency represented by Bitcoin, officially kicked off.
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In the early days, Bitcoin was more like a technology geek's toy, failing to establish a connection with the real world, until a programmer named Laszlo Hanyecz appeared.
On May 18, 2010, Laszlo Hanyecz posted on the bitcoin forum BitcoinTalk, claiming that he could pay 10,000 bitcoins to buy several pizzas, and the other party needed to deliver the pizzas to his address.
A 19-year-old boy, Jercos, saw the news on BitcoinTalk and inquired. In fact, Jercos and Hanyecz don't know each other, but they always come and go in the same IRC (chat room), so Jercos is more familiar with Hanyecz's vest.
In the end, Hanyecz used 10,000 bitcoins to buy $25 worth of John's Stick pizza coupons.
This is a historic moment. This transaction gave birth to Bitcoin's first fair exchange rate, one Bitcoin was worth 0.3 cents, and since then Bitcoin has had a price.
However, at this time there is no exclusive bitcoin trading platform, and miners can only find buyers through forum posts, and the price needs to be constantly negotiated. This method is obviously not convenient enough, so someone saw the business opportunity in it.
In July 2010, the weather in upstate New York was unbelievably comfortable, but Jed McCaleb was bored.
He sat in an empty room surrounded by books on neuroscience and artificial intelligence. Suddenly, he was staring intently at the screen, fascinated by the new things in front of him.
It turned out that during the game break, Jed accidentally browsed an article on Slashdot reporting on Bitcoin. The P2P technology mentioned in the article seemed to be a catalyst, which completely activated Jed's curiosity.
This is a technique that Jed has worked on a long time ago. In 2000, Jed developed a commercial software called eDonkey (commonly known as eDonkey). This is a distributed network for sharing music, movies and software, behind which is the P2P technology.
Driven by curiosity, he planned to start a few bitcoin research, but found that the existing website to buy bitcoin is extremely inconvenient.
So, Jed plans to set up a website that can buy bitcoins at any time. The next day, the world's first exchange, mtgox-com, went live.
On July 18, the first day of operation, Mt.Gox sold 20 bitcoins at 5 cents each. Because it can be traded for 24 hours, the interface is beautiful, and the transaction speed is fast enough. In less than a week, the transaction volume of Mt.Gox in a single day exceeded 100 US dollars.
At the same time, relying on exchanges, Bitcoin is being known by more and more people.
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In 2010, Bitcoin broke into the world of two great gods in the future blockchain industry.
On July 28, a user nicknamed ByteMaster challenged Satoshi Nakamoto on the BitcoinTalk forum. He believes: "Compared with banks, the transaction time of Bitcoin every 10 minutes is too long. We need to be faster. If this is to be achieved, the consensus mechanism of Bitcoin must be changed."
ByteMaster's real name is Dan Larimer. He was born in a family of engineers in the United States, and graduated from Virginia Tech and State University with a major in computer science. His father, Stan Larimer, was a senior software engineer at Boeing, Lockheed Martin, and other companies.
Dan Larimer inherited his father's genes and is quite interested in new technologies. In 2009, Dan Larimer hoped to create a digital currency that circulated on the Internet. Of course, he discovered Bitcoin and got in touch with Satoshi Nakamoto on the Bitcoin forum.
After Satoshi Nakamoto responded to the importance and necessity of bitcoin decentralization, he said domineeringly: If you don't believe me or don't get it, I don't have time to try to convince you, sorry .
Dan Larimer, who was deeply involved in the divorce lawsuit, did not reply, but the suspicion at this time laid the groundwork for his future establishment of EOS.
In 2010, an MMORPG online game called "World of Warcraft" became popular all over the world.
A 16-year-old boy was fascinated by this game. From 2007 to 2010, the teenager played all the way from the classic old world to "Wrath of the Lich King".
One day in 2010, he was so angry that he deleted the "World of Warcraft" client, because Blizzard had just removed the Warlock skill "Life Siphon" in patch 3.10.
The teenager once protested on the Blizzard official forum, but the replies he got were all due to game balance and could not be restored.
He realized the disadvantages of "centralized management" of online games - the owner of the game, Blizzard, can modify the content of the game at will without asking the players' opinions.
Teenagers began to look for a way to break this centralization.
He heard a new word from his programmer father-bitcoin. It's a digital currency, but it's not backed by a government.
"How can something have value without any actual backing?" This centralized digital currency has not attracted enough attention from teenagers.
After a while, the boy's mind changed. He overheard someone talking about that Bitcoin is not an official issue, but a decentralized model, and he decided to study this thing...
This boy is Vitalik Buterin, the creator of Ethereum in the future.
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Similarly, in China, this game has also changed the fate of many people.
The popularity of the game has inspired another industry: power leveling. They make money by acquiring equipment, leveling up, doing tasks, earning battlefield honor, and reselling in-game resources.
At this time, they happened to encounter another "bitcoin mining" game. So they make money through power leveling during the day, and make money through machine mining at night, with double income. At that time, the price of bitcoin was 2-3 yuan, and on average, each computer could earn about 10 yuan per night.
At the end of 2010, Bitcoin entered the era of GPU mining, and the original CPU mining software was almost invalid. But the computer hardware for game leveling is relatively good, and Dajin Studio took the lead for the first time. They became the earliest batch of miners in China, and many people became rich and free because of it.
At the same time, "Computer News", the oldest old IT media in China, also started reporting on Bitcoin.
The media did not introduce the principles and significance of Bitcoin at that time, but only educated readers on how to download and install mining software. Under the education of established media, the ranks of Chinese bitcoin miners are growing day by day.
But miners can only trade through Taobao and QQ groups every day. Compared with foreign countries, this trading mode is obviously outdated. At this time, Chinese bitcoin players urgently need a bitcoin trading website.
The person who seized this opportunity was Yang Linke, a Wenzhou businessman. He did not go to college, but worked in an auto parts factory, and later joined the army. After retiring from the army, he started a business in Beidiao. He has set foot in steam rooms, hotels, etc. These traditional students are fast-seeking, and Yang Linke is not short of money, but he has been thinking about other profitable businesses.
On June 9, 2011, China's first bitcoin trading website - Bitcoin China was launched. At its peak, this website once accounted for 80% of China's bitcoin transaction volume.
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At the beginning of February 2011, in less than a week, Bitcoin and the US dollar were at the same price, reaching 1 bitcoin = 1 US dollar.
"What is actually more expensive than the dollar." Such a price shocked China's Li Xiaolai. He downloaded the white paper of Bitcoin from the Internet and researched it for half a year, and bought 2,100 Bitcoins at an average price of $6 and spent more than $10,000.
In 2011, a third-year student asked on Zhihu: I have 6,000 yuan, any good financial investment advice?
Someone replied: "Buy Bitcoin, save the wallet file, and then forget that you have 6,000 yuan, and look at it in five years."
At the time, the price of Bitcoin was $3. And only five years later, Bitcoin once exceeded $20,000 (at the end of 2017), killing all investment targets in the world.
This person is Liu Zhipeng, known as Chang Jia.
In 2009, Chang Jia published a novel on the theme of "respecting the future": "The Skill of Slaying the Dragon". The core of this novel is: Whoever masters the computing power will master the core power. Now it seems that such an idea is quite forward-looking.
At the time, there was very little online about blockchain. Chang Jia, who is obsessed with Bitcoin, established the Babbitt website in his spare time, translating and writing some articles about blockchain. When the article is published, he will leave his bitcoin address at the end of the article, inviting readers to give the author a reward.
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Wu Jihan has a baby face
One day, he received a tip of bitcoin, and this person was Jihan Wu.
After spending 2 days researching the technical feasibility, Wu Jihan, who is still working as an investment manager, feels that Bitcoin has subverted all previous cognitions about currencies. He raised 100,000 yuan through friends, and then bought all the money in bitcoin.
"At that time, there were very few people who understood the blockchain, and I met someone who seemed to be a bosom friend." Changjia laughed. Therefore, Jihan Wu became his ally. The two pooled together thousands of dollars, rented a server, and attracted only a dozen or so people in the domestic Bitcoin circle at that time to register accounts on the website and preach together about the Bitcoin community. the content of the block chain.
Apart from allies, Wu Jihan's biggest rival in the future also began to show his prominence this year.
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In 2011, 28-year-old Zhang Nangeng was still traveling in the ivory tower.
At that time, he was studying for a doctoral degree at Beihang University, majoring in integrated circuit design. Like many engineering men, life is mostly a three-point line of canteens, laboratories, and dormitories. Therefore, Zhang Nangeng often uses animation to pass the time, and can watch more than 500 movies a year.
By chance, Zhang Nangeng came into contact with Bitcoin. The freshness and excitement of the Bitcoin world is like a huge magnet, which deeply attracted Zhang Nangeng and enriched his spare time life.
At that time, PC CPU mining could no longer meet the requirements of miners, and GPU mining also reached the limit of computing power. At this time, it was necessary to produce customized equipment for Bitcoin miners to mine, a machine called FPGA .
Because of his professional advantages, Zhang Nangeng ordered several sets for foreigners in his spare time. According to this, Zhang Nangeng earns more than 100,000 yuan a year, and he is also well-known in the currency circle, nicknamed Pumpkin Zhang.
But this machine appears to be just a transitional replacement.
In June 2012, American Butterfly Laboratories announced the manufacture of ASIC (special integrated circuit for specific user requirements and the needs of specific electronic systems) mining machines.
At that time, more and more miners poured in, and it was only half a year before the first halving of Bitcoin (November 28, 2012), which meant that the difficulty of mining would increase exponentially, with high performance and low power consumption. Mining machines are bound to become a commodity in short supply.
Butterfly Labs took a fancy to this. From the design point of view, ASIC obviously has the above-mentioned advantages compared with FPGA. In order to seize the opportunity, they set the launch time of new products as September 2012.
A young man named Jiang Xinyu also took a fancy to the mining machine business.
He is a typical "other people's child". At the age of 15, he was admitted to the junior class of the University of Science and Technology of China from Shaoyang No. 1 Middle School in Hunan Province with the 11th place in the country. After that, he took off all the way and entered Yale as a visiting student to study for a doctorate in computer systems.
In 2011, Jiang Xinyu, who was a visiting student at Yale, came into contact with Bitcoin for the first time. The design that does not depend on the government and does not need to trust third-party institutions completely attracted him who is anarchist.
In July 2012, a person with the ID number Friedcat on the Bitcointalk forum posted a message saying that he had the ability to manufacture ASIC mining machines and hoped to raise 1 million yuan through crowdfunding. This person is Jiang Xinyu. Since Friedcat literally translates to Roasted Cat, most people in the currency circle call Jiang Xinyu by Roasted Cat.
On August 7, 2012, Roasted Cat successfully conducted an IPO (now ICO) on the GLBSE exchange. He divided his shares into 400,000 shares, 0.1BTC/share, and issued 163,962 shares to the public.
Wu Jihan and his friend Crazy Xiaoqiang (Internet writer, first-generation bitcoin speculator) each bought 15,000 shares and 12,500 shares of Toasted Cat’s virtual stock.
The roasted cat who got the money took the lead, but Pumpkin Zhang was still lingering.
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In November 2012, Nangua Zhang, a Ph.D. student at Beihang University, was wandering outside the supervisor's office nervously, holding an application for suspension of studies.
This 29-year-old "old boy" finally decided to leave the ivory tower and pursue his inner bitcoin world. It was competitors Butterfly Lab and Roasted Cat that made him finally make this decision.
At that time, Butterfly Labs had already delayed the shipping date by 2 months. However, Zhang Nangeng feels uneasy. If the development is successful, Butterfly Lab will probably control more than 51% of the computing power in the Bitcoin world, which also means that the institution can tamper with Bitcoin blocks and almost have complete control. .
At the same time, the experience of the genius boy roasting cats also made him want to move. He decided to develop his own ASIC mining machine to fight against the possible monopoly.
Butterfly Lab and Roasted Cat have already set off first, and Zhang Nangeng, who is the last to set sail, must hurry up. After much deliberation, he decided to ask his tutor to take a year off from school, but was rejected by his tutor. At the age of 29, Pumpkin Zhang made perhaps the most rebellious decision in his life: dropping out of school.
Zhang Nangeng, who had never made a chip before, was full of ambitions, but still needed a sum of money. He chose a fundraising method completely different from Roasted Cats - pre-sale. The buyer sponsors a research and development fund of 1299 US dollars. If the research and development is successful, you will get an ASIC mining machine. If it fails, you will get a full refund.
What's interesting is that Zhang Nangeng's pre-sale method is very special: he does not promise the delivery date, does not provide after-sales service, does not accept changes to the delivery address, and does not ship or refund in the end; many people thought it was a scam at the time, but some Some are still willing to believe, so Pumpkin Zhang got hundreds of orders within a few days.
At the time of the final payment, the money was still not enough. At this time, Wu Gang contacted Zhang Nangeng through QQ.
He is not a Bitcoin novice, on the contrary, he is considered the first miner in China.
Back in June 2009, Wu Gang, who was engaged in technology development on a P2P video website, accidentally opened an email introducing Bitcoin.
Driven by curiosity, Wu Gang downloaded and installed the mining software, and immediately started running the mining software on the company's computer, "I didn't have any distracting thoughts at the time, I just wanted to experience this technology purely." This is the beginning of Wu Gang's mining experience, and he also knows the necessity of high-performance mining machines.
"Is there enough money?"
"Not yet."
The two talented teenagers competed in this way, and an era of computing power war with technology as the core kicked off.
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No one expected that at the beginning of 2013, the latecomer Pumpkin Zhang became the first person to develop an ASIC mining machine. Pumpkin Zhang named it "Avalon". This name comes from Japanese anime and is the strongest defensive weapon in "Fate".
Wu Gang grabbed the earliest batch, and the quantity was huge. He deployed the mining machine in Changsha, mining bitcoins hidden deep in the algorithm day and night, hundreds of them every day. These machines are like money printing machines, making Wu Gang a "local tyrant" in others' mouths.
At the end of May, CCTV broadcast the news related to Bitcoin for the first time. Countless investors came to hear the news.
At this time, Roasted Cat was still struggling to develop, and Pumpkin Zhang seemed to be his strongest opponent.
It was not until June 2013 that Roasted Cat’s mining machine USB came out. Unlike Pumpkin Zhang, Roasted Cat does not focus on selling mining machines. He only sells mining machines that exceed 20% of the computing power of the entire network. This is because they set the goal to maintain 20% of the computing power of the entire network.
At this time, the mining machine market seems to be hot, but it is actually a long drought that owes the rain. In April 2013, Avalon announced that it would focus on chip research and development and no longer manufacture mining machines. However, the actual chip production process cannot be accurately calculated according to the business cycle. Circulation is not high.
Avalon's chips don't ship until September. During this period, the mining machines developed by the Butterfly Lab have not been able to ship. Although the first three batches of Avalon’s mining machines have been shipped, there are only 1,500 units in total, which will boost the computing power of the entire network. limited.
During this period, the computing power market became dominated by roast cats, and he easily achieved the goal of maintaining 20% of the computing power of the entire network.
Roasted Cat also ushered in the best era, earning 200 million in three months.
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Soon, Roast Cat's luck seemed to run out.
In October 2013, there was a bottleneck in the research and development of roasted cats, and the second-generation chip could not be produced in time.
Investor Wu Jihan seems to have a feeling for a long time. In April 2013, he quit his job in investment banking and considered going to the United States for further study.
At this juncture, Bitfury, an ASIC bitcoin mining machine chip research and development team in Russia, successfully developed a fully customized mining chip with extremely low power consumption.
At the same time, in the rush to buy pumpkin Zhang mining machines, Wu Jihan couldn't ask for it. At that time, just in time for the price of computing power on the entire network to skyrocket, Wu Jihan indirectly lost a large amount of money. This allowed Wu Jihan to see business opportunities, and he realized the need to develop chips by himself.
At this time, Wu Jihan already had capital, and investing in Roasted Cat's stock allowed him to obtain a return of 500 times, and his net worth became 50 million in just a few months. But he still lacks a chip research and development engineer.
There happened to be a suitable candidate on hand: Ketuan Zhan. The acquaintance of the two came from the offline promotion activities of Zhan Ketuan Company. At that time, Ketuan Zhan, who graduated from the Department of Computer Science of Tsinghua University, ran a start-up company called DivaIP, which mainly engaged in the set-top box business. Ketuan Zhan was a Sophon chip designer.
He strongly invited Ketuan Zhan to join him, but the conditions were a bit strange. Wu Jihan did not pay wages, but promised that once the mining machine chip is successfully developed, the entire technical team brought by Zhan Ketuan will get 60% of the shares. After studying Bitcoin for 2 hours, Ketuan Zhan accepted the request without much hesitation and joined Wu Jihan's team.
At that time, the environment in which Bitmain was located was not friendly, and it was obvious that they had fallen one step behind. Ketuan Zhan must develop a top-level chip in the shortest possible time in order to turn over in the mining machine market.
Throughout 2013, the mining machine market was very lively. Apart from the above three, there were also many brands such as Dove, Bitter, Rand, Little Bee, and Garden.
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Coincidentally, this year, the Internet field is also quite lively.
In 2013, smartphones exploded, the Ministry of Industry and Information Technology issued 4G licenses, Yu'e Bao was born, and WeChat exploded. With the rise of Internet entrepreneurship, Zhongguancun Entrepreneurship Street has become a gathering place for entrepreneurs.
This is a coffee shop established on April 7, 2011, and it is also the world's first entrepreneurial-themed coffee shop.
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Garage Coffee is considered to be Yan’an in the currency circle
The founder, Su Di, was once the investment director of a successful Internet company. After investing for many years, he found that it is not easy to find a good project, and entrepreneurs also need various services, such as low-cost office space and opportunities to meet investors.
Thus, a cafe with the theme of entrepreneurship and investment came into being.
For the first two years, Garage Coffee was not a success. In the first year, Su Di didn't get a penny of wages, and even lost 40 catties of meat unknowingly.
In March 2013, an accidental incident caused an unknown garage coffee to become popular. At that time, Jake Smith, an American student studying abroad, came to the garage coffee and offered to pay in bitcoin.
Huang Fen, an employee of Garage Coffee No. 2, later said: "At that time, we had a partner who was researching Bitcoin. We had nowhere to look for it, so we agreed. However, before we got the Bitcoin, we were researched on Bitcoin The partner of the company was replaced, and we still received cash in the end.”
This partner is Zhao Dong.
At that time, Zhao Dong had just sold his shares in Moji Weather, which he had founded. It is said that before selling the shares, he was not sure whether he could get the money, so he went to Changping, Beijing to ask the old lady for a fortune.
At the same time, Zhao Dong felt that the house price was already very high, and he predicted that the bubble would burst soon, so he even sold the house after trying so hard to get his wife's consent.
The matter of buying coffee with bitcoins attracted a report from CCTV, and the garage coffee became famous and became a gathering place for big names in the currency circle.
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This gave Zhao Dong more opportunities to get in touch with Bitcoin.
Under the guidance of Wu Gang, Zhao Dong took 10,000 yuan to buy 10 bitcoins with a speculative mentality. Two weeks later, Zhao Dong made 10,000 yuan and bought the first Bitcoin in his life. iPhone. Seeing that Bitcoin can make money, Zhao Dong began to buy Bitcoin on a large scale.
At this time, Wu Gang had already left the P2P video network company. When he left, he did not take away the 8,000 bitcoins dug out by the company's computer. In 2013, Wu Gang entered the market again and bought bitcoin worth 300,000 yuan.
This summer, Li Xiaolai, who has studied Bitcoin for two years, launched the Bitcoin fund BitFund.PE.
In addition, Li Xiaolai also preached in the garage coffee. Bao Erye's wife, Jin Yangyang, came in after listening to a class at the garage coffee.
At first, Bao Erye thought that Bitcoin was a pyramid scheme. Later, Jin Yangyang took Bao Erye to meet Li Xiaolai. During this historic meeting, the seasoned Li Xiaolai successfully "brainwashed" Bao Erye. He not only quit his job selling beef, but also prepared to All in Bitcoin.
The earliest Bitcoin community in China, the "Peace Hotel" QQ group was also born this year. This community gathered a group of bigwigs in the early days of the currency circle, and people discussed various investment matters related to Bitcoin.
That year, the price of the currency skyrocketed, and on April 1, Bitcoin broke through $100 for the first time. Compared with the earliest price of 0.03 US dollars in 2011, Bitcoin has achieved a miracle of more than 3000 times growth. The wealth effect has attracted more and more people to this gold rush resort.
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Among them, one is Xu Mingxing.
Xu Mingxing likes to watch American dramas. In 2011, he saw a word in the third season of "The Good Wife": bitcoin, and remembered one of the lines by the way: "bitcoin is the future, real is gonna change."
Xu Mingxing was born in rural Jiangsu. He seems to have known the truth that knowledge can change destiny since he was a child. Therefore, he always ranks among the best in his studies, especially in physics and mathematics. In 2006, Xu Mingxing, who was studying as a graduate student in the Department of Physics at Renmin University of China, chose to drop out. Since then, he started his entrepreneurial journey, but encountered obstacles one after another.
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Xu Mingxing once had unlimited scenery
For the first time to start a business, he chose a group buying website. Because I only understand technology, the first project quickly became cannon fodder.
For the second time, he joined Douding as CTO. Douding is developing well, but the field is gradually being squeezed by giants. In 2012, Xu Mingxing withdrew from Douding.com.
For the third time to start a business, he chose catering O2O. This time, he sold his house and invested two million yuan, all in catering O2O. As a result, the project quickly lost money and finally died.
But the flame of entrepreneurship has not been extinguished. In 2013, Bitcoin was being mentioned by more and more people. Xu Mingxing, who had been speculating in coins for several years, found that the user experience of the trading platform at that time was poor. Taking this as an entry point, Xu Mingxing saw business opportunities.
In June 2013, the Bitcoin trading platform OKCoin came out. The platform focuses on real-time transfer of funds, and supports recharge methods such as Alipay, online banking, and Tenpay, and most transactions are free of charge.
This time, Xu Mingxing seems to be a child favored by God. At the beginning of the business, it received an angel investment of US$1 million from Tim Drapper, a well-known American investor.
Subsequently, OKcoin launched its first currency: Litecoin. This is the digital currency issued by Li Qiwei, the younger brother of Bitcoin China gatekeeper Li Qiyuan. Li Qiwei graduated from the Massachusetts Institute of Technology and worked as a programmer in Silicon Valley. In order to avoid suspicion, Li Qiyuan firmly disagreed with the listing of Litecoin on Bitcoin China.
At first, the price of Litecoin hovered between 1-6 yuan. In October, with the explosion of the price of Bitcoin, Litecoin soared more than 80 times, reaching a peak of 380 yuan. This move also quickly boosted OKcoin's popularity.
Later, Zhao Changpeng, He Yi and other well-known "big guys" in the currency circle also joined OKCoin one after another, the OK Iron Triangle was officially established, and the platform's transaction volume even squeezed into the top 10 in the world.
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Xu Mingxing is not the only one who is interested in the exchange business.
There is another person named Li Lin. He graduated from Tongji University with a bachelor's degree, and after three months of review, he was admitted to Tsinghua University as a graduate student. In Tsinghua, I graduated ahead of schedule after only staying for 2 years.
Li Lin's first job was at Oracle, and he lived a comfortable life. After get off work, Li Lin likes to hang out with a group of technical men in the IT industry. Together, they discuss the most cutting-edge projects and technologies in society, and analyze whether there are any "entrepreneurship opportunities that can be seized".
For the first time to start a business, Li Lin built the "Friendship Network" to share resources through interpersonal relationships. But in less than a year, the website only had about 70,000 users, and the 300,000 yuan invested by the three partners were all lost, and the company died prematurely.
For his second venture, he built a platform called Renrenzhe, which is a group-buying navigation website. Relying on industry dividends, Renren’s revenue has been generated within one month of its launch, and its revenue has increased sharply in two months. While the performance data has doubled, it has also won the favor of capital.
He set a rule for himself that the next venture should not only be close to money, but also have a higher ceiling.
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Li Lin graduated from Tsinghua University
In September 2013, Li Lin was planning his second venture.
In the spring of this year, virtual currency suddenly became a hot topic among the people, and it was fierce. Li Lin, who started paying attention to Bitcoin as early as 2011, logged on to Bitcoin China to buy a few coins and tried to trade them, but found that the experience was not good.
Pain points are business opportunities. On May 15, 2013, he bought the domain name huobiwang, avoiding the potential risks in the future of the homonym "currency network", and finally determined the company's registered name as "huobiwang". "It's fire, it's booming, and it doesn't make fire." Li Lin explained the little meaning in the name.
At this time, Li Lin already had the capital to start a business. Relying on everyone's discount, Li Lin bought a house and a car in Beijing, and he also has tens of millions of deposits in his account.
On September 1, 2013, Huobi.com was officially launched, positioning it as the most professional bitcoin trading platform in China. Generally, platforms earn transaction fees, but as soon as Huobi was launched, Li Lin announced to the world that the transaction fees would be permanently exempted.
The move of not charging fees allowed Huobi to quickly accumulate a large number of users. Less than half a year after it went online, the daily trading volume of Bitcoin once exceeded 350,000, with a single-day trading volume of 1.5 billion yuan.
Many people refer to 2013 as the first year of Bitcoin in China. After this year, almost all the well-known bigwigs in the currency circle entered the market, and breakthroughs were made in the mining machines connected to the downstream of Bitcoin and the upstream exchanges. And this is all thanks to the development of Bitcoin technology itself.
Since then, Bitcoin has truly supported large-scale transactions across the network, becoming the electronic cash conceived by Satoshi Nakamoto, and truly exerting global influence.
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Under such conditions, Bitcoin ushered in the best era.
Since April 1, when the price of Bitcoin broke through $100, Bitcoin began to grow for several months.
Even when the FBI shut down Silk Road (an anonymous black market that uses Bitcoin for illegal transactions such as guns and drugs) in October 2013, it did not cause long-lasting volatility in the market. Although the market value of Bitcoin fell by 20% on October 2, the price returned to around $100.
But soon, the market picked up. On November 18, the U.S. Senate held a discussion on the theme "Beyond the Silk Road - Potential Threats, Risks, and the Promise of Virtual Currencies", which weakened the negative effects of Bitcoin. Federal Reserve Chairman Bernanke also expressed his concern for Bitcoin. The optimism and wishes of the coin. On the day the discussion ended, Bitcoin skyrocketed by 50%.
In the following month, Bitcoin started a wave of sharp growth. Every day 1,000 yuan beats, and Bitcoin quickly reaches 8,000 yuan. The joke of "one bitcoin and one Apple phone now, one day one bitcoin can buy a house" began to circulate in the bitcoin player group.
Soon, the enthusiasm of the players was diluted.
On December 6, the central bank jointly with five ministries and commissions issued the "Notice on Preventing Bitcoin Risks", denying the currency attribute of Bitcoin. Domestic payment institutions began not to support the transfer and withdrawal of Bitcoin trading platforms. Okcoin and Bitcoin China announced the suspension RMB recharge.
At the garage coffee that night, everyone was staring at the beating bitcoin price on the screen of the computer and mobile phone. Second Master Bao stopped the reporters who came to interview, "Today we have witnessed history!"
Sure enough, the price of Bitcoin experienced a historic plunge. It was an all-time high of $1,238 two days ago, but fell to $640 as soon as the ban came out.
In those few days when the currency circle was shrouded in tension, Li Xiaolai turned around gorgeously. He appeared on the "Wall Street Journal" as "one of the people with the most bitcoins in China", and has since stepped into the "altar" of the currency circle.
Zhao Dong became famous in the currency circle because he successfully staged a currency price sniper battle at the lowest point of the currency price, and then the currency price rebounded by $100.
The long cold winter has begun, but those who are dazzled by wealth do not notice it.
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Zhao Dong didn't realize that 2014 would be the Waterloo of his life.
Even though he knew in advance that the Mentougou Exchange was about to close down, he still did not cut his meat to close his position.
To Zhao Dong’s surprise, there was a flash crash in the Bitcoin trading market on February 10, 2014. The price plummeted from over US$600 to US$102 within seconds, a drop of more than 80%, and then rose back to around US$600. On that day, Zhao Dong liquidated nearly 10,000 bitcoins and lost 8 million US dollars.
On March 1, 2014, reports of the theft of the world's largest Bitcoin trading platform "Mt.Gox" were overwhelming, and its transaction share once accounted for 80% of the world. Bitcoin players who have not yet recovered from the regulation of the "five ministries and commissions" have once again been pushed to the brink of despair.
Throughout 2014, due to a miscalculation of the situation, the invested mines were unable to make ends meet, and Zhao Dong lost 150 million yuan.
There is also Bao Erye who is in the same disease. When bitcoin fell to around 5,000 yuan, Bao Erye started to buy bitcoin. This time, he not only invested all his money, but even borrowed money.
At that time, Bao Erye had built the world's largest bitcoin mine at that time in Inner Mongolia. The mine costs 500,000 yuan a day for electricity, and can produce 100 bitcoins. The average cost of one bitcoin is 5,000 yuan. Counting other expenses, it is basically a money-losing business.
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Master Bao no longer needs to sell beef
Later, Bao Erye figured it out. The only way to increase the value of the Bitcoin in his hand is to make it a consensus among more people. He and his wife Jin Yangyang started to do video interviews, interviewing Xu Mingxing, Li Lin, Roasted Cat and other rising stars in the currency circle at that time, and he himself started a China trip at the end of 2015.
The situation of Baoerye Mine can be regarded as the epitome of the overall market. At that time, the mining farm was unable to make ends meet and urgently needed machines with lower power consumption and higher performance.
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This made Wu Jihan feel great pressure.
His ant mining machine has just come out, and the business plan is based on the high price of Bitcoin, and the price of the currency has been cut in half. No one wants to pay expensive electricity bills to mine a digital currency whose value is declining. The mining machine could no longer be sold, and the market gave him a blow.
Only a few months after its establishment, the company came to the brink of life and death, and they had to pay close attention to research and development.
At this time, the crisis of Roasted Cat Company became more and more serious.
Strangely, this person who usually corrects employees when they write exclamation marks finally talked about the hardships of starting a business.
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roasted cat last seen
This kind of behavior is not in line with the concept of roasting cats. He's an anarchist, and he's always liked to hide behind a curtain. Anyone who is familiar with him knows that Roasted Cat is in big trouble.
The mining machine developed encountered problems, and Roasted Cat realized that in addition to adjusting the product itself, marketing and publicity were an unavoidable choice, which forced him to come forward.
This is his first and last public appearance. Soon after, Roasted Cat lost contact completely.
Also this year, ButterflyLabs in the United States was sued by the Federal Trade Commission (FTC), and another leading mining machine company, KnCMiner, went bankrupt. And Pumpkin Zhang has already transformed into chip research and development, which means that only Bitmain is constantly iterating on mining machines throughout the cold winter.
Unlike Wu Jihan, his good friend Chang Jia reaped joy this year.
Angel investor Song Huanping made a special trip to Nanning and went to Changjia’s unit to look for him, “If you don’t come out, it will be too late.” He brought a group of people and proposed the idea of commercializing Babbitt.
Chang Jia resigned resolutely. After more than 20 columnists worked hard for this information website for four years, it was finally recognized by the capital in 2014.
By 2015, Bitmain's mining machines had improved.
The Antminer S5, the fifth-generation mining rig, came out, which reduced power consumption by about one-third compared to the S1. As the price of Bitcoin rose, miners returned to the mines, and the Antimer S5 became their mining tool. "That chip is great," Wu Jihan said, "it brought our company back to life." According to Ketuan Zhan, the profit margin of Bitmain's products is 50%.
Those two years in the cold winter became a turning point in the fate of many people. It was also at that time that people began to explore the value of blockchain technology, especially the underlying technology, beyond the hype. So, abroad, a new project has attracted people's attention.
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From July 24, 2014, a project called Ethereum conducted a 42-day pre-sale of ether. During this period, a total of 31,529 bitcoins were raised, which was more than $18 million based on the market price of bitcoins at that time. Correspondingly, 60,102,216 ethers were sold.
Surprisingly, his founder is a 19-year-old boy, Vitalik Buterin, who was the kid who uninstalled "World of Warcraft" in a rage.
The story of Ethereum begins with the suspension of school. In 2013, 19-year-old Vitalik Buterin entered the University of Waterloo and chose to leave school after only 8 months.
Buterin wants to come out of the virtual network world to see the world. The father, who is also a programmer, disagrees. He hopes that his son can enter Apple or Google after graduation. Fortunately, his father was enlightened enough. He saw through his son's restless nature and said to Buterin, "Life after dropping out of school will be more challenging, but you will also learn a lot."
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V god who is listed as a big boss
Buterin chose to travel around North America and Europe, and after some searching, he stopped in Israel, where he worked on a project called Mastercoin. During this work, that is, around November 2013, the first version of the white paper of Ethereum came out.
In the white paper, he affirmed the great idea of the "distributed database" of the Bitcoin network, but also pointed out its shortcomings: insufficient scalability, and only one symbol of Bitcoin.
Unlike Bitcoin, Ethereum can be regarded as a distributed computer. Anyone can upload and execute applications. Miners are like CPUs responsible for computing, and together form a decentralized world computer.
Two weeks later, Vitalik Buterin started sending emails, inviting friends to cooperate. At the same time, the first 10 people who responded to the email became the co-founders of Ethereum, and they became a non-profit organization.
The good news came one after another. This year, Buterin defeated the founder of Facebook and won the 2014 IT Software World Technology Award.
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Such rewards come from the subversive design of Ethereum - smart contracts.
This is a contract that can be triggered automatically.
For example, if Pharaoh promised to buy Xiaohua 5,000 yuan to buy a bag on February 14th, then Xiaohua can receive 5,000 yuan from Pharaoh on the 14th. Once the contract is generated, regardless of whether there is a change in Lao Wang's family, on February 14th, Ethereum will automatically transfer 5,000 yuan from Lao Wang to Xiaohua.
This makes the blockchain a scalable program, not only used to record various information, but also to automatically execute various contracts (in the network, there are programs waiting to be executed), which completely opens the blockchain The gateway to business applications.
In addition, Ethereum has designed a different consensus mechanism than Bitcoin. The consensus mechanism of Bitcoin is "Proof of Work" (POW) - whoever has the strongest computing power will become the bookkeeper.
But this consensus mechanism has the problem of low efficiency. In order to be fair, miners have to compete every day, which leads to a lot of waste of resources.
Buterin has long been aware of this. He designed four stages of Ethereum. In the first three stages, the Ethereum consensus algorithm adopts the proof-of-work mechanism (POW), and in the fourth stage, it will switch to the proof-of-stake mechanism (POS). , if you own it for a long time, you can decide the bookkeeping right.
In June 2015, the Buterin team released the official initial version of the Ethereum network Frontier. All the ether promised to early investors was delivered without a hitch, and developers started weaving their dreams on Ethereum.
At the same time, traditional capital has also begun to pay attention to this field.
The door to blockchain 2.0 has officially opened, and Vitalik has also become a genius boy in the media. He has a new title: V God. But some people disdain it.
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He is Dan Larimer who questioned the confirmation speed of Bitcoin in 2010.
Therefore, on the basis of POS, Dan Larimer proposed the DPOS mechanism (Proxy Proof of Stake) by himself. Token holders elect several representative nodes to operate the network. These representative nodes are like the company itself, while token holders are shareholders. The company generates returns for shareholders, and shareholders do not need to mine.
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Lu Mao Programmer BM
In 2014, a number of centralized Bitcoin exchanges were warned by governments of many countries and faced the risk of closure. Dan Larimer realized the importance of a decentralized exchange for virtual currency market transactions.
Thus, in July 2014, BitShares (bit shares) was born. This is a decentralized payment system with servers scattered all over the world that can handle 100,000 transaction requests per second.
Relying on BitShares, Dan Larimer gained a firm foothold in the circle, and became a rising star who attracted much attention. At the same time, people gave him a new name: BM, which is the abbreviation of ByteMaster.
But the good times don't last long. The development of Bitshares has not been smooth sailing. It has encountered various problems during its use and gradually began to decline.
For various reasons, Dan Larimer lost control of the company, and he left Bitshares angrily.
In early 2016, Dan Larimer and his friend Ned Scott released Steemit, a social media community based on Graphene's decentralized blockchain technology, which received $220,000 in investment.
It can achieve 100,000 transactions per second, and a transaction can be confirmed within a few seconds, which has a huge advantage over the confirmation speed of Bitcoin, which starts in ten minutes.
At this moment, Dan Larimer has lost his youthful childishness, and has made new breakthroughs in technology. He is planning a big event, and at the same time, he does not forget to pay attention to the progress of Ethereum.
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In May 2016, a project called The DAO on Ethereum started crowdfunding, with a fundraising amount of more than 150 million US dollars, which was considered to be the largest crowdfunding project in history at the time.
This is a distributed organization without a single leader. In theory, it can exist as long as there is an Internet connection. It is quite similar to a concept DAC (Decentralized Autonomous Company) proposed by BM when he founded BitShares in the early days.
Therefore, in the month of The DAO crowdfunding, BM pointed out the risks of The DAO in his blog. He believed that The DAO was following the old path of BitShares, and might not be far from death.
A prophecy.
On or about June 15, 2016, The DAO was hacked, and Ethereum with a market value of $50 million was transferred.
Ethereum suffered from the Mt.Gox incident similar to Bitcoin at the time. Its security faced a huge threat for the first time, and Vitalik had to come up with a solution immediately.
He first launched a soft fork version for The DAO. The soft fork will consider any transactions related to The DAO and child DAO as invalid transactions starting from block height 1,760,000, so as to prevent attackers from withdrawing stolen funds after 27 days. Stolen ether.
Secondly, on July 20th, Ethereum underwent a hard fork, and all ether coins (including those that were moved) returned to their original places, and the blockchain that did not accept this change became Ethereum Classic.
Since then, Ethereum has formed two chains, one is the original chain (ETC) and the other is the new forked chain (ETH), each representing different community consensus and values.
Although the loss of users was saved, V God also encountered huge doubts. This incident also made people realize once again that Ethereum's smart contracts are not secure enough.
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Abroad, Ethereum has been questioned; in China, the Chinese version of Ethereum, Ant, has been welcomed by the market.
In September 2016, Xiaoyi (now renamed NEO) launched its second crowdfunding campaign with a crowdfunding price of 1.1 yuan, which was nearly three times higher than the first time.
At that time, the price of Bitcoin hovered around $200-300 for a long time, and market confidence continued to be boosted. Projects that focused on the underlying technology were supported by users, and Xiaoyi raised a total of more than 6,000 bitcoins, with a market price of about 25 million yuan at the time.
The founder of Xiaoyi is Da Hongfei. This is a post-80s who majored in scientific and technological English but was fascinated by programming. When he was still studying at South China University of Technology, he used a hard disk lock to lock his dedicated computer to prevent others from modifying his files on the hard disk.
His entrepreneurial inspiration came from a summer in 2014.
At that time, in the old tree cafe, V God, the founder of Ethereum, came to China for the first time to do an ICO roadshow. Da Hongfei, who had heard the road show of V God, felt that the smart contract development platform was a particularly valuable thing, and then made an important decision: to create an ant.
In addition, Quantum Chain, another Chinese public chain project, was originally inspired by Ethereum.
In 2014, Shuai Chu, who dropped out of the Chinese Academy of Sciences for a Ph.D., began to look for a new direction.
In 2015, Shuai Chu, who was the CTO of a certain project, had an inspiration. At that time, he was working on a supplychain application based on Ethereum. This requires him to understand the purpose of Ethereum and smart contracts. During the use, he found that Ethereum has many limitations.
After further understanding, he found that Bitcoin and Ethereum are almost opposite parties, and he began to think about whether he could build a bridge to connect the two communities together. This is how Quantum Chain was born.
More and more people have discovered the shortcomings of Ethereum, and BM, which questioned Ethereum as early as 2014, has made new moves at this moment.
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In March 2017, Dan Larimer left Steemit abruptly.
A month later, he founded BlockOne, which subsequently received investment from top blockchain investors and financial institutions, and the team began formalized management operations.
Soon, BlockOne announced a new project: EOS. According to the founder of BlockOne, this is a story that has been conceived in BM's mind for many years, and he is just waiting for the time to mature.
Right now, it happens to be a ripe time. On the one hand, after years of operation, the technical feasibility of graphene has withstood the test; on the other hand, he has a stronger team.
In June 2017, EOS released the first white paper. This time, BM intends to make a blockchain operating system that surpasses Ethereum. The white paper says that it can achieve millions of transactions per second (currently Bitcoin is 7 transactions per second, Ethereum is 30-40 transactions, EOS This superpower beats Bitcoin and Ethereum).
On July 2, 2017, EOS issued 1 billion tokens, and then EOS started a one-year crowdfunding, which also shocked the global capital circle of EOS.
At this time, the market has ushered in a long-lost climax.
On May 24, 2017, Qtum officially landed on the exchange. It is reported that the highest price on Yunbi.com is 66 yuan, which is 33 times higher than the 2 yuan price at the time of crowdfunding. The market was completely blown up.
According to the "Domestic ICO Development Report in the First Half of 2017" released by the National Mutual Finance Committee, 65 domestic ICO projects have completed ICO in the first half of the year, with a total financing of 63523.64BTC and 852753.36ETH.
According to industry insiders, when I participated in the ICO summit in June, “a large group of people surrounded me and said they wanted to go on the ICO platform. Many projects among them didn’t even have white papers yet.”
Zhao Dong, who paid off foreign debts through off-market transactions, returned. He established the DFUND fund in July 2017, intending to take a heavy position in high-quality projects.
Bao Erye, who has been walking around in China and the United States, became a celebrity through the video circulated on the Davos Forum. At this moment, the multiple bitcoins he dug out through the mine were cashed out, realizing financial freedom.
Li Xiaolai started his road to wealth and freedom, and he crazily promoted EOS. Later, EOS made him earn 200 times.
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English teacher Li Xiaolai
On August 1, 2017, under the leadership of Wu Jihan, Bitcoin forked out of Bitcoin Cash (BCH). The block on the latter main chain can be expanded to 8MB, while the former is only 1MB, which increases the capacity of the block.
At this time, Wu Jihan has already occupied more than 70% of the computing power of the entire network, and has become a "mining bully" in the mouths of many investors.
Soon, Bitcoin China, once China's largest exchange, announced its closure. The dramatic thing is that at this time, a new exchange completed its counterattack.
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Its name is Binance.
In June 2017, Changpeng Zhao started to found Binance. Before that, he served as the CTO of OKcoin, and later provided technical support for the online trading platform, which laid the technical foundation for the creation of Binance.
He first conducted the ICO of Binance Coin BNB. As of July 2, the ICO ended and a total of $15 million worth of digital assets were raised.
On July 4th, Binance was officially launched. It is a pity that from the end of July to August, Binance Coin has been on the verge of breaking, until the arrival of He Yi.
On September 1, Binance announced that it had received a financing of 15 million US dollars. Among the investors are Blackhole Capital, an investment institution with a real estate group background, and Fancheng Capital, founded by Chen Weixing, the founder of Kuaidi Dache. It is reported that the financing took only 2 days.
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Changpeng Zhao is always dressed in black when he appears in the public eye
Then, when 94 came, both Huobi and OKcoin chose to wait and see and suspend trading. Only Binance quickly moved to Japan, and issued an early announcement to restrict domestic IP transactions.
In fact, Changpeng Zhao wanted to have a global presence from the very beginning, avoiding the limitations of fiat currencies, and building a currency-to-currency trading platform (other exchanges trade in both fiat and digital currencies), so Binance needs to support global multilingualism.
Subsequently, on December 19th, Binance and TRON again launched a marketing campaign - starting from that day, within a week, the top one or two users with the cumulative TRON trading volume (buying + selling) will be able to get Sha Rewards for Latti and Mercedes, and others for Apple products like the iPhone X.
Just the day before the event was launched, Binance became the world's number one Bitcoin trading platform due to its single-day trading volume.
Soon, OKcoin, Binance, and Huobi.com formed a three-legged situation. The trading volume of Binance surpassed Huobi and OKcoin, becoming the world's largest digital currency trading platform.
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The haze of 94 soon passed, and by the end of the year, the currency price soared again.
During the Spring Festival, the popularity of the three o'clock community completely ignited the ICO. In the first quarter of 2018 alone, ICO global funding was $6.3 billion. This figure is more than the whole year of 2017.
ICOs became easy thanks to the ERC-20 standard introduced by the Ethereum team in 2015. Relying on this standard, you can learn to issue coins in 10 minutes, and any ERC20 tokens can be traded immediately, which provides convenience for ICO.
The quality of the project has changed significantly. Air coins are issued frequently, and fundraising is open without even a white paper. The story of rights protection is staged every day.
There is a clear dividing line between the chain circle and the currency circle.
In February 2018, Changpeng Zhao appeared on the cover of Forbes magazine with a net worth of US$2 billion. This allows people to see the huge benefits behind the transaction, which attracts latecomers. According to incomplete statistics, more than a hundred exchanges emerged during that time.
One of them was Zhang Jian. He was originally the CTO of Huobi and founded Fcoin in April this year.
Fcoin is coming in menacingly. At the beginning of its establishment, it received joint investment from institutions and individuals such as Danhua Capital, Node Capital, Singer Capital, Timestamp Capital, Eight-Dimensional Capital, and Zipper Foundation.
This situation did not last long. Three months later, Fcoin's follow-up was weak, and it stepped down from the altar amidst doubts about capital and retail investors.
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On June 2 this year, the one-year ICO of EOS came to an end, raising a total of 4.2 billion US dollars, winning the largest ICO crown in history in one fell swoop. This figure is comparable to the IPO scale of technology companies in the stock market, ranking third only after Alibaba and Facebook, leaving well-known companies such as Google and Twitter far behind.
Two weeks later, the EOS mainnet was finally successfully activated after several twists and turns. The blockchain 3.0 era kicked off.
This year, Internet companies ushered in a wave of listing. Xiaomi, Meituan, Koolearn, and eLong.com all went public this year.
This wind has also blown into the blockchain field. Since July, Canaan, Ebang International, and Bitmain have successively submitted prospectuses to the Hong Kong Stock Exchange.
Even the exchanges at the top of the food chain seem to be making some sort of change.
On August 21, Li Lin spent 600 million Hong Kong dollars to buy a 73.73% stake in Tongcheng Holdings, a listed company in Hong Kong, and became the actual controller. On September 19, the structure of Huobi Group was adjusted and Huobi China was spun off. This was interpreted by the outside world as the next step for Huobi China to reverse acquire Tongcheng Holdings and complete its listing.
The "non-mainstream" blockchain world is accepting the recognition of the mainstream capital market as much as possible, but their road to listing may not be smooth.
This year, Xu Mingxing had a very bad time. The four consecutive "downtime" incidents in March, May, September, and October made Xu Mingxing a target of public criticism, and rights defenders guarded the Qunying Science and Technology Park all night.
Looking back on the past ten years, the fate of most people cannot escape the control of the cycle. The difference is that some people quietly accumulate strength in the cold winter and make a comeback; some struggle in the cold winter and quit completely.
Those who enter the market early stand at the top of the wealth world of the currency circle. On October 10, the "2018 Hurun Report" was officially released. Ketuan Zhan, Changpeng Zhao, Mingming Xu, Lin Li, Jihan Wu, Xiaolai Li, Nangeng Zhang and other 14 people in the currency circle are on the list, with a total wealth of nearly 120 billion yuan. The huge benefit ability stimulates people's sensitive nerves.
Today, this concept attracts more and more people to join. They are here to see mountains and rivers, and look forward to changing the world with more advanced technology and at the same time grabbing wealth from it.
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Some reference materials:
1. "Looking for Roasted Cats"
2. "A generation of mine tyrant Wu Jihan"
3. "The Story of Jed McCaleb Creating Mentougou Exchange"
4. "Wu Jihan the Rebel, Zhang Nangeng the Submissive"
5. "Once the Big Brothers in the Currency Circle: Zhao Dong, the little prince who broke his warehouse, Bao Erye, the beef seller, the Peace Hotel, the number one star starry sky"
6. "The story of the founder of Ethereum "V God", an ether legend created by the post-90s generation! "
7. "BM wants to leave EOS? Decrypt the blockchain god who pursues the free market"
