Having met or read about a few people in the bitcoin community, I have come to think it's a very relevant question and you can better weight their opinions having an idea of how many Bitcoins they hold (or do not hold.)"Never ask anyone for their opinion [...] Just ask them what they have -or don't have- in their portfolio"
This is a great topic; thanks for asking the question! I have always viewed the increasing adoption of bitcoin as an extremely important development, as it’s the first time the world has had a viable digital currency that is being shared and used by everyone. I’ve repeated this everywhere I go, from personal conversations, media interviews, public speaking events, and also while talking to investors, the financial community and government officials. The Chinese community has heard this from me multiple times; directly, and through translations of international media coverage. However, it is also true that Chinese like to trade on bitcoin prices, and see its volatility and price movements as an additional way to make money. (This behavior is not unique to the Chinese, and obviously, bitcoin is not the only asset class being speculated on.) I firmly believe that the Chinese community strongly grasps the full potential of bitcoin and cryptocurrency, and understands the long term price potential of bitcoin, but that doesn’t mean that they will all just voluntarily sit on their bitcoins, and hold it regardless of its daily and monthly price movements. As the expression goes: To each his own!Hi Bobby, thanks for participating in this AMA. Are you and the other leaders of the bitcoin industry in China working to promote bitcoin as a long-term investment for mainstream Chinese investors? If yes, please tell us about your strategy for achieving this, how much success you have had, and your predictions for the future adoption of bitcoin as a long-term investment for Chinese citizens. To casual outside observers of Chinese bitcoin exchanges it seems like the Chinese interest in bitcoin is primarily because its extreme volatility attracts hardcore traders and gamblers, but I would like you share your thoughts on bitcoin as a long-term investment in China.
Bobby, thanks for all you do in this realm.
- What have been the biggest legal challenges to setting up and running a Bitcoin Exchange in China?
- If you did it over, what would you do differently?
- You have your hands full with the exchange... What would you like to see the community focused on most aggressively? Adoption? Wallet software? Promotion? What say you.
- If you were to start another exchange in a new country, which country would you choose? Which country is a plus to start a Bitcoin Exchange in your opinion?
- Besides running an exchange are you doing anything else to further the Bitcoin Movement?
- What are your greatest fears or worries against Bitcoin?
Hi Roger, great questions! Thanks again for having me participate in your AMA!Hi Bobby, Thanks for being a pioneer in the Bitcoin space!
1. Why do you think Chinese based exchanges have gravitated towards zero fee models, while the rest of the world has not?
Is this a cultural thing, or some other reason?
2. Aside from the scaling issues, what aspect of bitcoin do you think needs improvement the most?
Hi. Thank you very much for doing this AMA.
I would like to focus on block size issues. We can clearly see that blocks are filling up and that transactions will get delayed (or worse) when legitimate transaction volume exceeds capacity.
Your BlockPriority offering can, I think, be seen in this light.
Do you want to wait for 'consensus' (whatever that means) from Scaling Bitcoin? Do you think there is time, as one of the SB goals is to NOT make any decisions? Would you support BIP101 (to my knowledge the only tested solution that can be implemented today) if SB does not meet a clear deliverable, and what would that deliverable be?
I expect other companies to also implement BlockPriority type solutions. I also expect companies to collaborate and include each other's blocks first. So no per transaction fee market, but a contract processing market. Do you agree? Do you think this leads to more centralization? If so, do you think that small blocks lead to centralization and large blocks to decentralization?
Wow, so many people are interested in a litecoin mining pool! Maybe we should do something soon!When will BTCC open it's litecoin mining pool ?
Hi, Bobby, thanks for the insight. From a western view, it seems that China is the engine moving the Bitcoin economy right now.
1. Do you think Chinese capital controls have been the main factor spurring recent Bitcoin value and transaction volume?
2. Do you think the Chinese government will maintain their current laissez-faire approach to Bitcoin in the mainstream over the long run? It is said that the government is very controlling of Internet use there, and therefore Bitcoin use can also be controlled. Is the Chinese government becoming more or less oppressive over the last ten years, or over the next ten years? Which way are the winds blowing over there?
Sorry, we don’t have anything ready to announce yet with regards to future expansion plans for BTCC.Thank you for doing this AMA and your contribution in the Bitcoin ecosystem!
Will BTCC focus more on Europe and open an European office?
If so when and where?
thanks for doing this AMA.
1. When did you first hear about bitcoin? Did your brother told you about it?
2. While some people are still cautious about bitcoins future (like Nathaniel Popper), you are very bullish. When did you start to be that optimistic about bitcoins future ?
3. What do you think about the "private blockchains" that banks are working on?
4. In the western world we have nearly zero insight into the chinese bitcoin world and culture. What about the idea that you write a blog post once a month about the asia/chinese bitcoin market?
You can add/link that on your website too.
Yes, Charlie will be visiting Shanghai ahead of the Scaling Bitcoin conference in Hong Kong, and we plan to arrange some activities together from November 30 to December 4. We will announce the details through BTCC social media. Stay tuned!Hi Bobby,
Thanks for doing this. Your Brother mentioned in his AMA that the two of you would plan some stuff regarding Litecoin Promotion in China. He also mentioned that he would also like to do a AMA and get in contact with the community there in December.Any news on that?
Great question indeed! In terms of public speaking, it’s all about practice and confidence. The more you do it and the more you practice, the better you will get. Along with that, comes confidence. I am fortunate that I got started in public speaking many years ago, in leadership roles at my prior companies.Hi Bobby,
Thanks for doing this AMA! There are a ton of good questions already asked that I wanted to ask, so I'll ask something not so much related to Bitcoin.
My question is that I see you do a lot of public speaking, from events to tv interviews and you always are a great orator. What tips do you have for people who find public speaking challenging? How do you keep such a calm and cool composure and are able to speak so clearly?
Users browsing this forum: No registered users and 1 guest