I found it quite nutritious, so I reposted and shared it. 🤓

Summary of key words from Teacher Xiaolai’s recording scandal:

1. Lao Mao used to be nobody, but I helped him become famous

2. Shuaichu is selling air coins. I helped him sell air coins for 6 months because his deceptive model is simple. If he were to make a dapp, I would let him go. I will talk to you after you land.

3. The founder of a blockchain must at least be an internet celebrity. Traffic is the core competitiveness. Everything else is nonsense. As long as someone believes in it, there will be a consensus on the currency if there are enough SBs. The next step is to fool them.

4. Neo is a stupid project. There is nothing at all. Even if you are Wang Lijie, you can still sell it at 1.5 yuan. Later, it was all about capital. Da Hongfei didn’t have many coins. 5. In 2015, I opened a public account, and Luo Zhenyu helped me sell books and columns. I couldn’t make money in the bear market, so I accumulated popularity. In the bull market, I became more popular than before.

6. Stupid people are thinking the opposite. The government is our umbrella. Without the government, how can we be qualified to do these things? The biggest currency is Q-coin, and the biggest exchange is Shanghai Stock Exchange and Shenzhen Stock Exchange. How can we have anything to do with it?

7. The most important thing for a project is to build a good community, and then find a hype point

8. After you become financially free, the motivation to continue working comes from the fact that you have been the first, so you don’t want to fall behind. For example, there is a liar named Justin Sun. How can you fall behind them? So you have to speed up your work.

9. The owners of exchanges all have a dark history. They don’t really understand technology. They just don’t shut down their shares because everyone else shut them down, and they don’t quit because everyone else quit. It’s because they are foreigners. Otherwise, what would they have to do with it?

10. You must open your own exchange

11. The rise of Ethereum is due to the sudden restriction of Bitcoin withdrawals from exchanges by the central bank, which led to the flow of funds to Ethereum. Since funds flow in one direction, the price of Ethereum continues to rise, which actually has nothing to do with the community and leadership of Ethereum.

12. All the core team members of Ripple left, and several co-founders sold all their coins. The famous investment bank SoftBank took a look and publicly expressed its support, and the value of the project skyrocketed.

13. Don’t blindly believe in “value investing.” If you just follow the crowd and think that value investing is right, you are destined to be a mediocre person.

14. To succeed in a blockchain project, first you need to find a way to become someone with traffic, and then make good use of your traffic; second, you need to become someone with a technical team, and even if you don’t have the technology, you still need to find a way. The greatest value of blockchain is consensus value. The project is not worth money, but if there are so many people who believe in it, it will be valuable in the end.

15. Whether it is speculation or investment, the one who makes money is successful. You can fail in investment, and you can succeed in speculation.

16. The middle links will definitely be eliminated. Isn’t the blockchain event about reducing the middle links? In the past, it took three months to raise funds, but now it takes five minutes. In the past, it took 18 months to list on the New York Stock Exchange, but now it will be listed directly if they agree. If they don’t agree, you won’t see it. So the middle links will definitely be eliminated.

17. After achieving financial freedom, the driving force behind doing things comes from curiosity and being the first. People who have been the first for a long time have the same mentality, wanting to continue to be the first.

18. We provide toB services for exchanges, making exchanges like opening a blog. You just need to give it a name, find a domain name, and click a few times to open it. In 2013, we wanted everyone to be able to open an exchange. This is the direction of the future.

19. Decentralization does not mean to eliminate all companies. We are not interested in the concept of decentralized exchanges. We believe that multiple smaller centers are already decentralized.

20. The characteristics of the blockchain world are the same as those of the previous Internet. Whoever wins the hearts of the losers will win the world. Retail investors are the most powerful. Even though you curse retail investors every day, they are the ones who support you. Why are you cursing them?