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From Bitcoin's early evangelists to encryption financial giants: A decade-long legend of an industry leader
From Bitcoin Pioneer to Crypto Finance Leader: The Rise of a Blockchain Industry Leader
In 2011, in an office on Beijing's Financial Street, a 25-year-old young man first came across the Bitcoin white paper. This discovery kept him awake all night, and the next day he resolutely invested 100,000 yuan to buy Bitcoin, which was only worth 10 dollars each at that time. Although his friends scoffed at it, he insisted on translating the white paper into Chinese, becoming one of the earliest people to introduce the concept of Bitcoin to the Chinese-speaking world.
This young man subsequently co-founded the country's first media platform focused on Blockchain, establishing an important information exchange hub for the industry. He actively promoted the concept of "decentralization" on online forums, becoming a key early promoter of Bitcoin in China. His translation and sharing work laid the ideological foundation for the cryptocurrency boom in the Chinese community.
In 2013, the price of Bitcoin skyrocketed, triggering a global mining boom. This young man collaborated with a technical expert to develop a high-performance mining device in a simple residential house. This device quickly captured 75% of the global market share. By 2016, their next-generation device became an efficiency benchmark, sparking a revolution in ASIC chip technology.
Their company has rapidly emerged, with revenue comparable to that of tech giants. This young man has thus gained an extremely high reputation in the industry. Miners have commented on him: "Without his equipment, you can't even recover the electricity costs." He has reshaped the mining industry landscape through technological innovation, establishing a dominant position in global computing power.
In 2017, this young man led a significant fork of Bitcoin, launching a new cryptocurrency and triggering a "hash war" within the industry. In the face of controversy, he calmly stated: "To advance technology, one must forge new paths." Through this fork and the establishment of a mining pool alliance, he was deeply involved in the formulation of the underlying protocols of cryptocurrency, gaining a voice in the industry's rules.
Despite the setback of the company's IPO plan in 2018 and parting ways with partners due to strategic differences, he did not stop moving forward. He took the mining pool business with him, founded a new company, and personally immersed himself in the mines, living and eating with the workers, jokingly stating: "The psychology I learned in college was of no use, but I did learn how to repair mining machines." His resilience and down-to-earth style have created a new legend.
In 2019, he founded a new encryption asset management company, pioneering the "safety cushion" model, with assets under management exceeding $10 billion. He actively promoted the compliance of encryption finance and contributed to the regulatory frameworks in several regions, setting a benchmark for industry compliance.
His new company went public on NASDAQ with a valuation of $4 billion, building a global computing power network. His strategic investments extend to multiple international financial centers, leading the industry towards standardization. His vision has propelled encryption assets from the fringes to the mainstream.
Today, he proposed a strategy that integrates artificial intelligence with decentralized finance. His company is developing cross-chain protocols that incorporate AI computing power verification into decentralized finance, aiming at the future of distributed financial infrastructure. His layout is not limited to cryptocurrencies but attempts to reshape the global financial landscape.
From the initial translation of the white paper to leading global computing power, and then pioneering a new model of encryption finance, his ten-year journey reflects the transformation of Blockchain technology from a geek experiment to a new force in global finance.
This industry leader has defined the industry rules for mining equipment, computing power allocation, and asset management with a "technology commercialization + regulatory coordination" dual-driven strategy. His story is a vivid interpretation of faith and persistence, as well as a microcosm of the rise of the Blockchain industry in China.
From a genius student to an industry leader, his journey continues. How will he write the next chapter of his legend in the coming decade? The answer may already be quietly revealed in the layout of each of his steps.