Chen Weixing: The problem to be solved by the blockchain is the gap between rich and poor, not trivial and anti-counterfeiting.

Chen Weixing, chairman of Pancheng Capital, said on Weibo today that most of the world’s money is buying and selling stocks and real estate; most of the newly printed money is also flowing to stocks and assets; most of the credit is also in Leverage stocks and real estate; all benefits go to the holders of securities and assets, not laborers; the vast majority of stocks and real estate prices are manipulated by financial predators and the media. This is the crony capitalism of unequal opportunities, which leads to the disparity between the rich and the poor. The blockchain has to solve this big problem, not the trivial, anti-counterfeiting, backup, and depositing of these trivial things.