There are all kinds of legends about FriedCat, both in the cryptocurrency circle and outside. But if you read FriedCat’s resume, you will know why he is regarded as a legend by so many people.

In this vast universe, there have been many geniuses who are smarter than ordinary people, such as Einstein, Newton, Madame Curie... and so on. They have relied on their extraordinary talents and hard work to write chapters of history for the progress of mankind.

Although FC’s achievements are far less than those of these writers of human progress, his talent and intelligence can be compared with them.

In 2001, at just 15 years old, the roasted cat ranked 11th nationally and was admitted to the youth class at the University of Science and Technology of China from the First Middle School of Shaoyang, Hunan. Many doubted whether he could take care of himself, and even questioned whether he was a high scorer with low abilities. However, he proved with his abilities that he could not only take care of himself but also was not a high scorer with low abilities.

Afterward, the roasted cat continued to rely on his extraordinary talent and intelligence to soar into Yale for a visit, pursuing a doctoral degree in computer systems.

Like the heroes in martial arts films, although 'skilled in martial arts', he always yearned for freedom and desired peace. The roasted cat was an unadulterated libertarian and anarchist. In 2011, while abroad, the roasted cat came into contact with Bitcoin. He deeply resonated with the libertarian ideals embodied by Bitcoin, which does not rely on government issuance or third-party institutions. This 'virtual currency' completely attracted the roasted cat, and he quickly became infatuated with Bitcoin, which was then relatively unknown.

Having studied computer science, the roasted cat immediately began researching Bitcoin mining machines. Perhaps due to his admiration for the freedom ideals conveyed by Bitcoin, the roasted cat quickly developed his first 'mining machine' and became the second person in the world to create an ASIC mining machine.

02

Established a 'mining machine' company, made 200 million in 3 months

But the roasted cat's pursuit of Bitcoin did not stop there. In July 2012, using the nickname 'friedcat', the roasted cat announced on the Bitcoin official forum bitcointalk that he had developed an Asic 'mining machine', but due to funding difficulties, he was unable to achieve mass production. Therefore, he hoped to raise 1 million yuan through crowdfunding to achieve mass production of the 'mining machine'.

It was also due to this post that the roasted cat caught everyone's attention. For convenience in addressing, people referred to the poster's nickname 'friedcat' as 'roasted cat', so the name 'roasted cat' originated from this.

Shortly after the post was published, the roasted cat's 'mining machine' ICO quickly succeeded on the GLBSE exchange and raised enough funds to begin mass production of the 'mining machine'.

At the same time, the roasted cat also established his own 'mining machine' company. After a successful ICO crowdfunding, the roasted cat divided the company into 400,000 shares, holding 59% of the shares himself, while the shareholders held the remaining 41%.

The roasted cat's plan was to sell low-power mining machines while maintaining 20% of the network's computing power. But even this low-power 'mining machine' had a mining efficiency several times higher than the popular FPGA mining machines and CPU and GPU mining at the time, so the roasted cat's mining machines were also very popular.

After the only competitor Avalon announced its withdrawal from 'mining machine' production in April 2013, the entire 'mining machine' market became the roasted cat's domain. A phenomenon of queuing to buy 'mining machines' emerged, with some even throwing down money and running off with the 'mining machines', fearing that they wouldn't be able to buy them if someone else got there first.

Therefore, during those years, the roasted cat made a lot of money, earning 200 million in just three months. The company's stock also rose more than 50 times. The roasted cat became a prominent figure in the 'crypto circle', and many big shots in the 'crypto circle' had to wait in line to meet the roasted cat.

03

The roasted cat mysteriously disappeared, becoming a mystery in the 'crypto circle'.

Since learning about Bitcoin, the roasted cat had a smooth journey without any setbacks, but soon problems arose. In October 2013, due to R&D issues, the roasted cat company's 'mining machine' failed to launch its second-generation chip on time, and with many 'mining machine' brands joining in succession, the competition in the 'mining machine' market became extremely fierce, causing the roasted cat's mining machine's computing power to drop to 4% of the network, leading to a sharp decline in the roasted cat's stock price.

At that time, the roasted cat could only pin his hopes on a 'mining farm' he had in Huai'an, which covered an area of 2,000 square meters and deployed seven to eight thousand 'mining machines', with a pre-calculated computing power of 5P.

As the saying goes, 'misfortunes never come singly', the 'mining farm' in Huai'an also encountered problems. The roasted cat chose to cooperate with a local wealthy boss in Huai'an, but ultimately, due to various issues, the negotiations between the two sides broke down, leading to contract breaches and causing the roasted cat's company to suffer financial losses of 70 to 80 million.

After the investment failure, the roasted cat tried to use other connections to rebuild a new 'mining farm', but ultimately made little progress. At the end of 2014, the roasted cat suddenly went mysteriously missing, and no friends could get in touch with him, not even his family knew where he went.

It is said that in the year the roasted cat went missing, the Huai'an police cracked down on a local mafia gang, and the whole city rejoiced. Some suspected that the roasted cat was killed, while others believed he took the remaining money to hide in the mountains. Others said the roasted cat suffered from depression and needed medication to alleviate it. During that time, Bitcoin-related forums were discussing the whereabouts of the roasted cat.

However, many people searched for the roasted cat through various methods, but ultimately failed. The roasted cat's disappearance has been referred to by 'crypto circle' people as one of the 'top ten unsolved mysteries in the crypto world'.

04

The roasted cat is back? The Bitcoin wallet transferred out 17,630 Bitcoins in one week.

After the roasted cat's disappearance, many of his former friends recalled him, and their general impression was that the roasted cat was someone who did not conform to reality, usually unkempt, slovenly, and not very talkative, embodying the image of an IT nerd. He usually did not like to discuss Bitcoin with friends, but loved to discuss some bizarre topics about immortality in his social circle.

But regarding his beliefs, many friends recognized him as an anarchist. One friend recalled that the roasted cat once wanted to invest in a project. This project was to build a 'kingdom' on an isolated island 12 nautical miles off the coast of the U.S., which did not belong to any country's territory, required no military maintenance, had internet access, and food supply channels. This project perfectly embodied the roasted cat's yearning for anarchism. Besides the circle of friends interested in immortality, the desire for anarchism was also vividly reflected in his social circle.

Many friends mentioned that the roasted cat's initial motivation to study Bitcoin was precisely due to his yearning for anarchism, so he understood that challenging the existing international system required currency as one of the most critical conditions. Therefore, when he learned about Bitcoin, he dedicated everything to Bitcoin and 'mining machine' research.

However, when all friends gave up searching for the roasted cat, a major Bitcoin trading information about the roasted cat once again caused a stir in the 'crypto circle'.

In August 2017, a Bitcoin wallet belonging to the roasted cat that had been inactive for years transferred out 17,630 Bitcoins in one week. Based on the Bitcoin price at that time, these 17,630 Bitcoins were worth about 370 million yuan. This amount of Bitcoin was roughly equivalent to the daily trading volume of all Bitcoin exchanges in China at that time.

Some speculate that the roasted cat returned to exchange some Bitcoin Cash, but others say that the roasted cat is not short of money at all, and this return may not only be about exchanging money but also about making a comeback.

But at this time, someone raised a question about who transferred the money from the roasted cat's Bitcoin wallet, which is still unknown. It is also possible that it was not him who transferred the money. In any case, the Bitcoins that were transferred away, like him, became another unknowable mystery, becoming a puzzle that the 'crypto circle' enjoys discussing.

Although the roasted cat is no longer in the world, legends about him abound... Regardless, the roasted cat left a significant mark on the history of the 'crypto circle' in China, becoming a legend.