Li Lin's latest speech: What is the "dao" of the blockchain?

The exchange has been playing for five years.

The competition such as close combat is happening all the time in the dark. We saw a little ripple on the lake. In fact, the bottom of the water is already a corpse.

In the past five years, we have witnessed a change inadvertently. Mt.gox, the former first, has disappeared into the torrent. In 2015, there were two theoretical “five exchanges”.

From 2018 to 2019, the entire digital currency financial market ecology was very prosperous, and the derivatives platforms for transactions were increasingly diversified. Product-oriented professional financial instruments are likely to break through at any time, and the market is no longer a simple platform competition. The speed of development and change is spiral, and one will be washed out without paying attention. More than half of the top players in this industry are Chinese, staying awake, and Li Lin counts one. In one of his articles, he clearly listed the shortage of fire coins. Also set the position of the fire coin.

“In the past six years, the first list has been changing. The optical trading volume, Mtgox, Btcc, Bitfinex, Bitstamp, Bitflyer, Bithumb, Huobi, Okcoin, Coinbase, Yunbi, Jubi, Binance have all been in a certain platform. The transaction volume has reached the first place in the world for a period of time. In the digital asset industry, the development is very fast, the global policy uncertainty is very strong, the business risk is very high, the industry structure changes very fast, and the stable competition pattern has not yet reached a certain level. The indicators have achieved the first place in the industry. Although they are worthy of praise and celebration, they are not particularly worthy of self-satisfaction. They are farther away from the so-called creation history. Everyone is the lucky one of the times, accidentally stepping on the cusp of the times. Then I was not so bad, and it coincided with the fact that the opponents at that time were not strong enough to temporarily climb the peak of the industry. That's all." Li Lin.

Li Lin has always been a special existence in this industry. Some people described him as an "entrepreneur". On the one hand, it may be because of "rigorousness", on the other hand, perhaps because he is very concerned about "institutions" and "management." He did not deliberately shape his image, and he would be shirtless and drink with customers in the early days. Most of the public social media content is the company's advertising, and some warm life fragments have been sent. It is a very stable image of a middle-aged founder. It is rare to see him express his emotions in public. This is also implemented in the market and PR strategy of the fire coin. So we always see a "noisy competitor" fire coin, can not see any fire money employees with guns.

There is a reason for this. For the "mutual PR" and "Tear X-type PR", Li Lin's paragraph can explain the attitude of the fire coin:

“怼” is a way of expressing different opinions, based on facts, mutual respect, and no personal attacks.

理性 Rational and constructive “怼” is conducive to common progress.

越 The truth is more and more clarified, and the public “怼” is far better than the “black” behind the small movements.

❸ I personally welcome customers and peers to rationally “hook” Huobi based on facts.

What is Li Lin’s role in the industry now? He is the first male lead in this script. The fire coin is the closest to the regulatory, and the government's relationship is the best. And spare no effort to promote their own compliance process.

What kind of influence does Li Lin have? His every move will be described as a story. Weibo was stolen and then applied for cancellation, which was distorted into a conspiracy.

We can understand this little thing as his "influence" is great, but on the other hand, it is a huge pressure on the individual, and there is basically no solution. Fortunately, Li Linping has seen a lot in the past two years, looking for a variety of ways to understand the world. I recently saw him leave a message in a friend's circle of friends: I am very happy every day, fitness, eating, sleeping.

Translation is: the simplest things in life are the happiest.

In the year when the fire coins developed fastest, I once publicly criticized them as "bureaucrats." The fire coin is the first stop for me to enter the business. Li Lin is the noble person who brought me into the business. I have a special feeling for this company. Fortunately, there are Li Lin in the fire coin, and his pattern is very rare in the chaotic market.

Li Lin’s recent speech at Wudang Mountain, people in every industry should take a closer look.

All practitioners' doubts and anxieties about the industry can be found in his speech.

Li Lin: "Wudang asked."

Li Lin: Yesterday evening, I said that I was going to listen to it. When I came back, I thought about a problem. We asked, what is the "Tao"? Everyone understands differently. Why is it asking, not asking something else? What is the "dao"?

Before I used to practice a hard work in the morning, there was a particularly profound sentence, that is, "the avenue is invisible, the world is born; the road is ruthless, running the sun and the moon; the avenue is unknown, and all things are raised."

Why did you take this out? Tao, my personal understanding is the law of the operation of the universe. Everything has a regularity. Not only are we not aware of it, we know it. People, the world we are in, the business activities we do, etc. It has the rules of its inner operation. I don't know how to describe this thing.

In fact, we think that it is still a small law, just a personal understanding, so these words look very bullish, I feel that the Tao has all things, the law of the world.

Li Lin: So what are we looking for this time?

What we are looking for is the hope that we can discover the laws of the development of our industry. In 2009, Satoshi Nakamoto proposed the official launch of Bitcoin , and it has been more than 10 years now. This industry seems to be disorderly in the past 10 years. Change, the hot spots of each period are different, what is the difference under the same? What is the law that is the same? Therefore, we must explore this law. Only when you discover the law, can you manage it and make our business and life more smooth.

Li Lin: I know that many of my friends here, including our colleagues, have been very successful. This kind of success is on multiple levels. It is possible that everyone has made a lot of money. This is a success. Maybe we are a company now. This company is doing very well, the market share is quite high, and the market is quite recognized.

Why do we want to mention this one? Because only after we have mastered the law, we can understand the truth, because most people's success is intimate. I did a successful job, but I don't really know how it was made. A lot of success is like this.

Li Lin: I remember that there is a very classic word in the currency circle. "The money earned by luck is lost by trying to lose it." I would like to explain it in a general way. It is called a secret, because the potential energy of Bitcoin comes, the potential of the blockchain comes, and the potential of the sharing economy comes. We seized the point, and it may be that you caught it. It may be that you have run into it.

You have made money, and you have succeeded. You think that you are very good. The so-called arrogance is just good luck, it is coincidence. What can't you say that it is good luck? If you can be predictive, you can discover the law, and if you find the law, you can foresee it.

Li Lin: For example, what is the blockchain after 3-5 years? What do you like in the layout of the layout, what I did, or what other better industry will produce in the future? I can foresee, I did, that is, the combination, that is to say not by luck, because we have discovered its laws after thinking.

Li Lin: There is a saying that has a particularly profound impact on me personally. I don’t want to be harmless. I am not controversial. This is very concise. I don’t read much of the Tao Te Ching. The teacher came back and forth to say these words. Three times and five times, what do you mean? Some people say that they have to read it twice, and I will share my personal understanding with you.

Li Lin: Few people are like me. They talk about morality when they are not very old, but I just share my personal understanding. Although I have lived for 36 years, I have some experience of myself. "Prosperity does not harm, but does not fight." God has the law of his operation, what kind of things are in line with the avenue? If one thing is good for society and for this thing, how do we do "I have something to do", of course not reluctant.

Li Lin: This is actually a lot of ideas for guiding the operation of fire coins. "We are not harming." We always say that we must create new value. In fact, it is a kind of "profit and harm", embodied in the company culture.

Li Lin: "Do not fight for" is to do your own thing, my market share will naturally come up, it is not to say that every day by blowing bragging, forced to pull out the seedlings to encourage. This sentence is very impressive to me. It has guided me a lot of thinking about the industry and thinking about the company's management, so I will briefly mention it to you.

Li Lin: Actually, this problem was discovered in 2014. We believe that Bitcoin can become a global currency, but when it is used, it will be found that when it is paid more efficiently and at a higher cost than the current method, this expectation is It’s a very important reason, but there is a big situation in 2013, except for the failure to find new value. This is the first stage. At that time, there was no blockchain. The concept of the blockchain came out later. It was originally in 2012. Later, Dr. Xiao Feng was brought to Shanghai, China in 2015, and it is also very popular in China. The blockchain was expected to be very high at the time. Like the discovery of the New World, the technology of using this new distributed ledger not only solves the financial problem, but also solves the pain points of many industries, especially the credit intermediary to reduce transaction costs. After seeing it for two years, everyone still expects to fail. So the wave in 2017 is also based on the expectation, the concept of technology, it is possible to logically analyze, it seems that it is possible to do such a thing, this expectation basically caused a big bull market in 2017.

Li Lin: So many people ask, when is the next big bull market in our industry, it is very simple, or the new concept is recognized, it feels that it really has great expectations, is willing to invest money; or the current use creates value.

Li Lin: Give everyone a piece of data. The data can prove this. In fact, there are 18 million bitcoins in the world. There may be many people who have counted them. There are millions of them that haven’t been moved for a long time, about 400, 5 million. It was just that I dug it out in the early years and it didn't move. Among the more than 10 million bitcoins, the world's major exchanges hold no more than 3 million bitcoins. This is a relatively optimistic estimate. If you pessimistically estimate about 2 million, then the other 10 million will go. What?

Li Lin: If (bitcoin) is just a speculative product, this data is not valid. Give everyone such a data. This is the basic price of bitcoin, because the industry has been changing, the hot spots are different every day, no matter you. What are the hot spots? There are two problems. You either talk about a so-called story. Everyone believes in its future and is willing to invest in it.

Li Lin: Either you create value, like bitcoin, someone is actually using it. If you say which product is worth investing, only this. Other things, zero-sum games, are tossing back and forth.

Li Lin: So let's go back. I personally analyze that the blockchain industry in the future has come to this day. I personally give some thoughts. What other points and space are there in the future?

Li Lin: "For the loss of the road, the damage is damaged, and even inaction", this sentence I have no way to understand what it means. This morning, I briefly communicated with the Taoist, and I mentioned my thoughts. I often come to take this sentence to be self-motivated. Everyone has a lot of cognition. Each of us thinks that our cognition is correct. We all think that we know the world and this universe. We have found the so-called The law or the judgment of value, it is truth, is correct, does not conform to our view, we think it is wrong, unwilling to accept, this is the ego.

Li Lin: The so-called "day loss", when one day we gradually let go of our own cognition, more open and more tolerant, we are willing to accept something different from us, we can slowly see more real things Therefore, "for the day loss" is to give up the little one.

Li Lin: One day a teacher told me a word, is it "inaction", we will not do it now, it is easy to understand. Of course, it has several explanations. The first explanation is that the individual is the one who can do it. We often do things based on self-biased prejudice and cognition. When can we do it, the real thing can be very rational, and let go of our own personal obsession, the kind of "being" is the road of avenue Then everyone will go down.

Li Lin: In these years, the trend-setting practices have all gotten up. For example, when you are in a bear market, you must do more. When you are in a bull market, you are going to go short. When the industry is going to change, you will change careers. You have not found the general trend. That is to say, this is a small person. Your cognition is biased. Maybe because you have been hurt some time, you think this is judgment.

Li Lin: This sentence has a profound impact on my personal cultivation. I would like to share with you some of these sentences. Of course, there are still many. Because there is not much time, I can only throw bricks and jade, why do I bring this thing inexplicably? I hope that we will come to Wudang. Our discussion is different from that of a five-star hotel. I hope that everyone can raise such a field and think about it from the philosophical level to conduct a more in-depth discussion. Here is the brick throwing.

Li Lin: Then let's talk about the blockchain. What is the rule of the blockchain industry? What social problems have the blockchain solved? What social value has been created? This is the core issue. Over the years, in fact, it has never changed.

Li Lin: If I am not long enough according to the length of the year, I have been in business for 6 years since 2013. In the beginning, in fact, there is no concept of blockchain. Only bitcoin. At that time, bitcoin was doing very well. I was lucky. I came across a bull market. What is the logic of the bull market?

Li Lin: The logic of the bull market, one is because everyone saw the expectation that Bitcoin can solve a social problem. At that time, everyone was discussing. We all experienced the older generation. In fact, we have discussed a lot of questions, Bitcoin will Will not replace the dollar? Will Bitcoin become a global currency? A lot of companies are paying, this is what happened in 2013 and 2014.

Li Lin: When I was interviewed in 2014, I said that Bitcoin will not become a global currency. It is more like gold. This interview in May 2014 is now available.

Li Lin: What does this mean? At that time, because there were many small countries whose national currency depreciated very quickly, after this incident came out, the society had a very strong expectation for Bitcoin. Can new technologies create a better currency? So everyone's expectations are very high. In 2013, it was a dozen times increase. This increase actually represents an expectation. Bitcoin can solve a social problem and have such a new thing to do global currency. Although it has just sprouted, this expectation is too high until the end of 2013.

Li Lin: Why did you enter the bear market again? In fact, the reason and the law are very simple, that is, the expectation is shattered.

Li Lin: When I was in April 2015, when the industry was a bear, the bear couldn’t bear any more, I was very happy to go to the United States and went to Bitpay. They reflected a very cruel data, which was paid by Bitcoin. The reuse rate is very low, and most users will not use it for the second time. Less than 10% of all merchants that support Bitcoin payments are willing to keep Bitcoin, and most of them are converted into French currency. In this scenario, Bitcoin is just a financial instrument. Unlike a currency, it has slowly transformed. .

Li Lin: The same is true for business. What social value is created? This is also a question for us to think about. For example, if I am a company of fire coins, why should it exist? What is the value of its existence? Why are some companies dead and some companies alive? Some companies are alive, but they are dead. This is a regular problem.

Li Lin: The existence of a thing brings value, because your presence in the industry is more efficient, this is your value. If you are not efficient in the industry, you are definitely valuable. This is the reason for your continued existence. If I am doing things earlier, in fact, my operational efficiency is the lowest, and you will be eliminated sooner or later. .

Li Lin: I often give our team a sentence. No matter what mode you use, you can provide better scenarios and services to the market and users. This is your lowest level, no matter how you say it. What do you send today, and get a new model tomorrow, if users can't get better products and services, they are always inanimate, and may be a way of marketing in the process.

Li Lin: If my company is very competitive and competitive, and finally falls into this place, this is the characteristic of the free market. We do not discuss monopoly or planned markets. The free market is this logic. What value did you create? This is our very core point.

Li Lin: Most of us here are executives of companies or companies. I have to ask this question. Because our existence makes the experience of the whole industry or users better, promotes the progress and competition of the industry, and the continuous development of the whole industry proves that I am valuable. If our company operates very inefficiently, because our existence also hinders the development of the industry, one day it will be eliminated.

Li Lin: On the last page, everyone is different. Why should I mention this again, because this place must be distinguished from a five-star hotel. From the perspective of the industry, the way of business management and the final way of self-cultivation, we should in fact reverse the fact that according to the "University", it should be "cultivating the family and ruling the country" and putting the self-cultivation at the end.

Li Lin: Everyone knows that this industry is more anxious. Anxiety is because of fear. It is a fear of uncertainty. Because this industry is too complicated, too uncertain, I don’t know what will happen tomorrow, I can’t control it in the future, I am very scared. So there is anxiety, and in essence it is also "little."

First, is it uncertainty?

Second, how do we deal with uncertainty?

Li Lin: The operation of this matter is the uncertainty under certainty. The law is certain, but the performance is uncertain. It exists objectively. There is a lot of uncertainty in each of us. Are you confronting him or embracing it directly? Accept it? This is a core issue. I have spent a lot of time thinking about it. Of course, I don't think I understand it now. I just share my current income here.

Li Lin: If one day you go to accept all the uncertainties, you accept whether you are personal, the company, your industry, the country, etc. It is not perfect, or it was previously unacceptable. On the one hand, we find that you will be very open-minded and I am very happy every day. Diet, sleep, exercise, "3+1", plus mood.

Li Lin: So I suggest that we all come to Wudang Mountain. We have to think about this question. Our state will be very good. Our current state of mind and body is not very good. If it is not in such a dojo. There is no income, and everyone's income is different. This is a very shallow embodiment. I believe that there will be different experiences in five years.

Li Lin: I have talked so much. I conclude by summing up that everyone is constantly thinking, raising their own cognition of change and enhancing their own cognition. A lot of time is to constantly break the previous cognition, can have new cognition or more comprehensive, more correct, more in line with the understanding of the avenue.

The important thing is not that I shared these points today. What is important is that I have been thinking about it. I have been raising my awareness. I have been thinking about an industry problem from a lower level and a more philosophical level. The problems of company operations and personal and physical problems. This is what I think is fundamental. I also hope that with the help of today's Wudang venue, we can guide everyone to the direction of thinking about the problem, rather than solving the problem on the surface.

Li Lin’s speech, I’ve come up with it from time to time. Few people in this industry are willing to speak, especially some rational voices, and I hope to magnify this limited sound infinitely. In this brutal trading competition, Li Lin has no enemies, and in my opinion he has become invincible.

(Li Lin’s speech is taken from the live broadcast of the Golden Finance text)

Source of this article: Force

Original title: Li Lin is invincible, the content of this article only represents the author's personal views.

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