The amount of money that big players in the crypto world can earn is truly beyond my imagination.
For example, the Li Qiyuan brothers.
What impressed me most was that in 2014, he participated in a program with Lang Xianping and said he would give 100 Bitcoins to Lang Xianping, but Lang Xianping waved his hand and declined.
In 2014, the price of Bitcoin was $800 each, and Lang Xianping rejected an offer of $80,000, equivalent to around 560,000 RMB. Now, Bitcoin is about $68,000 each. If Lang Xianping had accepted the offer then, 100 coins would be worth over 50 million RMB now.
Uh, with so much money, Lang Xianping might not care about the 9 million yuan house he was going to give to his mistress anymore.
Li Qiyuan is the co-founder of Bitcoin China, and the story of him and his brother is truly legendary.
The two brothers were born during the years when their parents were aiding Africa (in the 1960s), and later the whole family moved to the United States. Both brothers excelled in their studies; Li Qiyuan was admitted to Stanford University, while his brother Li Qiwei was admitted to MIT.
In the late 1990s, after graduating, Li Qiyuan joined Yahoo as a programmer, and his brother also became a programmer after graduation.
In 2007, Li Qiyuan came to Shanghai to serve as the software engineering director of an American technology company. His brother then joined Google.
During his time at Google, his brother Li Qiwei came into contact with the dark web and discovered that drug trafficking, sex trafficking, etc., only accepted Bitcoin.
Then, he began to study Bitcoin, amazed by the design principles and cryptography of this currency. He then started buying and mining Bitcoin.
Li Qiyuan returned to the US to visit his parents and found that his brother was researching Bitcoin. He became curious and started mining after returning to China, mining 25 Bitcoins after many days.
After that, Li Qiyuan changed jobs and went to Walmart China as Vice President.
His brother, however, continued on the path of mining, and later he found that Bitcoin's transaction time was too long and there were many altcoins, so he formed a research team to create an altcoin, but it quickly fell victim to a hash power attack and was declared a failure.
After that, they obtained the source code of Bitcoin and created Litecoin. This coin has a faster confirmation time and a larger total supply. To be fair, he did not keep much for himself and only mined the initial origin and the first two blocks.
Litecoin was created in 2011, and by 2013, it suddenly became popular with the skyrocketing price of Bitcoin, rising from $1 to $300.
Li Qiwei resigned from Google and went to a US Bitcoin exchange to learn how to build a platform.
Inspired by his brother, Li Qiyuan left Walmart and found two other big players in the crypto world (Yang Kelin and Huang Xiaoyu), saying he could finance Bitcoin China and became its co-founder.
Eventually, Bitcoin China became the largest digital currency exchange in China at that time.
When Li Qiyuan participated in Lang Xianping's program, Lang Xianping was a well-known economist in China, while he was not very famous and faced a lot of ridicule in that episode.
Until 2017, Bitcoin ushered in a bull market, but the central bank issued a notice not recognizing the legality of Bitcoin.
All virtual currency transactions conducted in China have gone overseas to evade the ban.
Li Qiyuan chose to cut off his digital currency trading functions to survive, only engaging in mining pools and Bitcoin wallet services. In 2018, Bitcoin China was acquired by a Hong Kong blockchain investment company, and Li Qiyuan successfully exited, earning a fortune.
Li Qiwei sold all his Litecoins when the price surged to around $200, accurately avoiding the peak. After he sold, Litecoin dropped to about $20.
The Li brothers gained an unimaginable financial freedom through virtual currency.#历史见证者打卡