 Bitcoin China's richest man Li laughs
Li Xiaolai was once an ordinary lecturer in New Oriental and today he is the richest man in bitcoin in China.He claimed to own 6 bitcoin (100000 +), at the moment the price is about 65000 yuan per coin, his assets are nearly 7 billion yuan . Bitcoin as the underlying technology blockchain investment hot in the world when a prairie fire potential, only a handful of Chinese people seize the first wave of richer opportunities, Li Xiaolai is one of the representatives of his open life, the first half The cost of Bitcoin has soared with soaring. Know almost netizens susanna wang has recorded 'stateless' bitcoin, fast and fierce surge curve: On January 27, 2011, on bitcoin-otc, three bills from Zimbabwe exchanged 100 million Zimbabwean currency for every 4 bitcoin. In less than a week, in early February 2011, Bitcoin and the U.S. dollar reached the equivalent of 1 Bitcoin = 1 U.S. dollar. May 29, 2011, the founder of the Swedish Pirate Bay announced that all of their property will be converted into bitcoin. At this time, Li Xiaolai in China was also shocked, 'What things are actually more expensive than the dollar' He spent six months studying understand, 'up to buy 2,100 coins.' June 8, 2011, crossed the threshold of 10 yuan, the impact of bitcoin 30 US dollars. In the second half of 2011, bitcoin prices have been hovering between $ 2-10. August 20, 2011, the first bitcoin conference held in New York, usher in a new high degree of attention. In March 2013, bitcoin reached $ 220. November 29, 2013, $ 1,242 (> Gold). In the end of 2013, the Wall Street Journal published an article on China's bitcoin market, mentioning that Li Xiaolai said: 'Just a group of bitcoin observers just set up in Beijing said that 41-year-old Li Xiaolai is the country that holds the most bitcoin One of the people. Li Xiaolai did not want to specify the amount he held, but said he held six digits, the first digit was 1. ' The price of bitcoin overtook gold in January 2017. It was a crazy curve, though the slight fall during this period also led to an overall surge in currency speculators. The story begins In fact, bitcoin is indeed the most dangerous project in the history (36 Krypton evaluation), which is the biggest difference with other virtual currencies because of the very limited number and extremely scarce nature of the currency system No more than 10.5 million and the total number after that will be permanently limited to 21 million. Programmer Nakamoto Satoshi put forward the concept of bitcoin in 2009, and did not tilt the original intention of capital to encourage speculation. Scenario Restore should look like this: Nakamoto design released an open source software that requires a value-exchange measurement tool in P2P network transactions, so bitcoin was born as a special digital currency and he did not Think of using fake currency to value or exchange with real money. In fact, this kind of step-by-step database technology with point-to-point transmission, decentralized payment and transaction functions, and encrypted record currency circulation has various technical features. For many industries, this greatly reduces transaction costs. Finance, however, is the story of rich people and their games. Mass speculators attracted by digital currency became a chain in the blockchain and then released a new wave of bitcoin to the familiar floor, so that ordinary investors and people who could not understand the essence of the blockchain became anonymous The persecuted, who helped boost Bitcoin. This is a good business.Li Laughing talking about bitcoin investment, said 'sleep more than two hundred million'. This magic comes from the underlying blockchain technology that supports the circulation of bitcoin. This distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms play a role in the formation of Bitcoin. Consensus mechanism conforms to the circulation algorithm of realizing trust and gaining rights among Bitcoin acquaintances in the blockchain system. Each data block contains the information of transaction of bitcoin network, which can be verified quickly and easily and the financial subtotals can be completed easily. Li laugh to whom? Public information, in 1997, Li Xiaolai Shenyang Bo Sheng Technology Co., Ltd. was the general manager - this is the name of Li Xiaolai, first appeared in the network; 2001 - 2008, Li Xiaolai joined the New Oriental Education Group, serving foreign senior Teacher, author of "TOEFL core vocabulary 21 days break" and other English counseling books, is said to have a good sales; 2008, Li laugh to create Ed wisdom International Education Consulting Co., Ltd.. Before the year of 2004, he saved three or four million through lectures, selling books and Li Xiao, and after that year his destiny completely reversed. In 2011, for the first time, Li Xiaolai learned about the bitcoin from the Internet when the transaction price of bitcoin was more than one dollar. He was shocked, "what is actually more expensive than the dollar." He did not understand the first pass and took six months to understand it. 'In the six months I've seen it repeatedly - I did not understand it I just bought it - and when I came up, I bought 2100. The investment cost about $ 13,100 and the average purchase price at $ 6 each. A few weeks later, Bitcoin rose to 24 U.S. dollars and his investment was four times more profitable.He thought it over and thought about the idea of a special cow: I had made four times, took out half and went digging mine '. 'Dig Bitcoin' is a term, also known as 'mining.' Bitcoin is like a special solution generated by a complex algorithm of super math problems, each of which solves this math problem and is unique, So it has a constant character that can be used as currency.This problem is designed to have only 21 million unique solutions, so the upper limit of the bitcoin is 21 million. 'Mining' means finding a unique solution to this super-math problem through the tremendous computational power of a computer. As of February 2014, a total of 12 million bitcoins have been 'tapped' out of the world This super math problem has been found 12 million special solutions. However, 'mining' is a very technical content of the work he had and partner Zhu Feng bought 46 Asus graphics cards, save dozens of computers in a farmland in Bazhou, Hebei Province, with modified containers Converted into a machine room 'mining'. 'Mining' the computer can not stop the moment it starts, the heat generated is very large. Engine room equipped with a 8-air conditioners, an industrial air-conditioning, 24-hour non-stop blowing peasants suspected Li Xiaofu and Zhu Feng is a spy engaged in Illegal activities. However, in the end, it invested over 600,000 yuan and they only dug up over 100 yuan worth about 10,000 yuan. Bitcoin has risen to 25 U.S. dollars by July 2011. Li Xiaolai has not given up his enthusiasm for bitcoin after the failure of 'mining.' He got more bitcoin by acquisition, and nearly two years later, Lee laughed China has the most bitcoin people. In the second half of 2013, some people suspected that Li Xiaolai did not hold as much bitcoin as he himself had. Others joked that you made so much money and started a Nissan car. Are you a liar? 'I went back to tell my wife, so buy a car for you, you go out to see the expensive to buy his wife went to see the Porsche is not too expensive. Porsche shop a total of 3 vehicles, only two There are cash on hand, bought 2 on the spot, more than 2.8 million yuan. He would not disclose more details of life after the riches. 'For those of you who have not experienced these things, I would say nothing more than an imagination for them.' But he said he was really upset because he realized he had so much money so much that, Triggered some questions that need thinking. 'Always think before that he is a do not care about the money, do anything hard work. And suddenly I realized that in the past I still care about money, and your motivation for doing things is mainly to make money and support your family. Now you can find out that one of the major motivations is gone. And in the beeping, Li Xiaolai also made a microblogging: 'From the very first day I think bitcoin is absolutely reliable, so every day to sleep pragmatic.A lot of disturbances have nothing to do with me.However, do not think I'm the status of all, and the downturn is far from over, because most people can not stand this kind of thing. "Bitcoin is risky and cautious. In the end of 2013, the Wall Street Journal published an article on China's bitcoin market, mentioning that Li Xiaolai said: 'Just a group of bitcoin observers just set up in Beijing said that the 41-year-old Li Xiaolai is the country that holds the most bitcoin One of the people.Li Xiaolai do not want to specify the number of holdings, but he said he holds a 6-digit number, the first number is 1. That is to say that he holds the value of bitcoin has more than 100 million US dollars ' It was also in 2013 that Li Xiaolai founded a bitcoin fund that is said to be focused on angel investments in Internet-related fields. In the meantime, Li Xiaolai claimed that he and Internet celebrity Luo Yonghao were small and that both were also former colleagues of the New Oriental. In 2013, they declared donating their book "Time as a Friend" to Peking University to set up 'Time as a friend' scholarship; Lushan earthquake, he announced the use of bitcoin donations, is said to raise the bitcoin exchange for Renminbi, donated to the affected areas ... In recent years, Li became the founding partner of INB (Capital for Coin Capital) and became the author of "Get Rich's Free Road," publishing books, starting classes and investing as a Godfather and forerunner in wealth freedom. Since 2017, Li Xiaolai has personally participated in the ICO project, there are more well-known public letter treasure, quantum chain, Bodhi, EOS, etc .. An ordinary English teacher has become a wise investor, earning pours, showing more than the average person Must have excellent economic mind and courage. Li Xiaolai indeed some extraordinary place, such as knowledge and practice one .In this investment he founded the blockchain industry private equity fund coin investment law, can be seen. The agency claims that its investment philosophy is to invest only in assets that it truly understands (for Mr. Li it is a quick coinage between bitcoin and the "pyramid schemes" that are blockchain-orientated) and long-term investments From the economics of monetary liquidity, do you think it is possible to hold a coin, which is more like a slogan of 'Lee' s pyramid scheme? Therefore, in recent years, Coin Capital has successfully invested in a large number of blockchain startup projects such as Sia, Qtum, Zcash, Bitshares, Steem and EOS, all of which have so far achieved huge returns with multiple projects exceeding 100 times growth. Among them, the bitcoin returns held since 2012 have exceeded 6000 times. Some speculate that according to the report released by the National Expert Committee on Internet Financial Security, as of July 2017, the entire ICO project financing will be converted into RMB about 2.6 billion yuan. According to the participation of Li Xiaolu, at least 2.6 billion yuan More than one-third are obtained by Li Xiaolai and related personnel. The government came out to halt From a technical point of view, blockchain does have its decentralization, lower transaction costs, shared mechanisms for more resource-wise matching, and consensus facilitation. Such operational strategies and underlying technologies can effectively reduce the technical costs of the entire business community, and cryptocurrency is just one of the applications of blockchain technology, but such "pyramid selling" motivation is also at a price, regardless of the other currencies. Li Xiaolai two social media recently voiced a little meaning.One is the circle of friends circle message: Mr.Laugh as a founding partner of the coin capital investment institutions highly optimistic about the industry application chain -GCS game chain application prospects, the GCS game Chain into an important strategic investment in coin capital. With the news of the madness, GCS on the line of the three major trading platform price rise, both rose more than 120%. The other is Li Xiaobo microblogging response to Beijing's news. 'Recently there was news that' China's richest man in bitcoin 'Li Xiaolai involved in alleged disguised forms of illegal fund-raising through tools such as Bitcoin, was arrested in Beijing, the amount involved up to 2 billion.' Li Xiaolai responded in a personal Weibo saying "a rumor has disturbed all my relatives and friends, and it was the second time I felt it." After the New Year, the price of bitcoin is like a roller coaster, according to people familiar with the matter, Bank of America Merrill Lynch has banned clients and financial advisors trading on behalf of the company to buy bitcoin for fear of bitcoin is suitable for investment. The ban, which applies to all accounts, prohibits not only about 17,000 consultants from introducing Bitcoin-related investments, but also prohibits them from executing orders from clients that deal with Grayscale's Bitcoin Investment Trust (GBTC). In China, the media broke the news of a number of bitcoin and bitcoin accounts over-the-counter investors' accounts in Hebei and Shenzhen, etc., which have been frozen. Among them, part of the miners traded in places such as Shenzhen and Guangzhou have an account amount of over 300 million. Only the number of over-the-counter trades accounts in Hebei now learned about more than 30 has been frozen. Earlier, the Central Bank and other seven departments jointly issued the "Notice on Financing Risks of Issuing Coin Issuance" (hereinafter referred to as "Announcement"), clearly stating that "ICO" is essentially an unlawful Public financing, illegal sale of counterfeit notes, illegal issuance of securities, illegal fund raising, financial fraud and pyramid selling. Requirements: 'From the date of this announcement, all kinds of tokens' issuance and financing activities should be stopped immediately, and organizations and individuals that have completed the issuance of tokens' issuance should make arrangements such as clearance to reasonably protect the rights and interests of investors and properly handle risks. The reason for the emergency stop, because the market is too crazy. Just months before the stoppage, at the end of June 2017, Lee's first white paper, 'EOS', the ICO project, came out and in spite of all the doubts, EOS was $ 185 million in just five days. On July 2, 2017, the overall market capitalization of EOS reached nearly $ 5 billion - some called it "$ 5 billion in air." It must be emphasized that the majority of this $ 185 million comes from people's fundraising. EOS coin reached the highest point of 36.58 yuan on July 3, 2017 and started to fall all the way. As of August 29, the transaction price of EOS coins has dropped to 8.74 yuan. As an English teacher who takes 'lifelong learning' as its motto, Li Xiaoli's efforts to pursue self-worth have not stopped, and for now, every breath is a waste of life. Just a few days after EOS financing, on July 10, 2017, Mr Lee announced the financing of another controversial ICO project, the PressOne project. PressOne is more difficult to understand than EOS because there is no white paper at this time, there are only a few hundred words on the official website - the reason given by the project party is: 'not to provide that, even if not much is provided Understand, not even a few people to see things. According to the release notice issued by PressOne's official website, it is said that Lee's richest man will release 22 billion PressOne coins, of which 10 billion will be completed through crowdfunding with a value of 200 million U.S. dollars - he is still Holding 12 billion. A few years ago, only a few bitcoin projects, Li Xiaolai made nearly 7 billion.After a lot of network spread an interview with Li Xiaolai video, in the video, Li Xiaolai said in a very serious tone: I sleep a I found more than 2 million to get up, I have depression. Take a look at the video, you will find it very real, have to admit that this position is very bluffing, so although the circle has been questioned the number of bits of voice held by Lee laugh, and also a lot of textual research to prove that figure Is the water! But even if water was poured, it was still an order of magnitude unattainable for an English-speaking teacher, so it seems that Li Xiaolu indeed went to the pinnacle of life with investment in bitcoin. I hope this wind does not stop, a long time standing on the peak, maybe he opened his eyes every day will think so.
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