Daily: China to Open Up crypto ?? + My new Inspiration
Boxmining
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New Chinese Governor more open to Crypto ? My vision for how to get crypto and adopted
0:21 Incoming PBOC governor likes bitcoin
1:13 US congress supports blockchain technology
1:50 My thoughts on gam...
New Chinese Governor more open to Crypto ? My vision for how to get crypto and adopted
0:21 Incoming PBOC governor likes bitcoin
1:13 US congress supports blockchain technology
1:50 My thoughts on gaming + crypto
https://www.ethnews.com/incoming-pboc-governor-has-spoken-positively-on-bitcoin
http://news.8btc.com/newly-nominated-pboc-governor-yi-gang-bitcoin-is-enlightening-and-will-focus-on-bitcoin-with-interest
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Transcript
Hey guys, so I'll be honest, I initially didn't want to make a video tonight because I was just so dead tired. But you know what? I really want to catch up with you guys and really just talk about what's exciting me so much about cryptocurrencies. I like to say, of course, everything covered here is my personal opinion and not financial advice. Let's start off with some news first. So I had to double check this twice, both on Western media and on Chinese media. But what it seems like is that th...
Hey guys, so I'll be honest, I initially didn't want to make a video tonight because I was just so dead tired. But you know what? I really want to catch up with you guys and really just talk about what's exciting me so much about cryptocurrencies. I like to say, of course, everything covered here is my personal opinion and not financial advice. Let's start off with some news first. So I had to double check this twice, both on Western media and on Chinese media. But what it seems like is that the incoming governor for the central bank of China, Yigang, he's quite more crypto progressive, more crypto positive. So it seems to be the case that it might be that China might be opening up to cryptocurrencies through Yigang because he's really stated that, well, right now, while cryptocurrencies as a currency isn't useful. And this has always been Chinese policy towards cryptocurrencies. Crypto cannot be a currency because the only official cryptocurrency of China is renminbi. But China needs to be a little bit more open and progressive towards thinking about cryptocurrencies. So I'll link those two articles down below. But it seems to be the case that he might be a little bit more open and more kind of supportive of cryptocurrencies and cryptocurrency regulation. And this is coupled with another really great piece of news coming into the cryptocurrency world as well. It seems that the U.S. Congress has also issued a very positive statement about cryptocurrencies. That not only are cryptocurrencies immune to cyber attacks, but it's also revolutionizing the way the world conducts commerce and sharing information. And that's absolutely true because the blockchain is trustless. You can put information there and you can be basically verify through everyone in the public that this information was accurately added at the time of when it's added. So it seems to be that they are definitely recognizing the power of crypto. So now on to the last topic that I really want to talk about, which is what I'm feeling right now. So I snuck inside to the building construction area for the booths for GDC. So this is where all the big companies are going to present what they have to game developers and hope game developers can come on board and use themselves. You know, I asked myself this question. I'm at a gaming conference when one of the biggest conferences in Token, Token249, is going on in Hong Kong. I'm just wondering, why am I here? You know, this is hardcore game developer. It's for game developers to learn from each other. And I was constantly asking questions. You know, I've worked in game development in the past, but why am I here? And I finally found that reason. And it's because I really entered cryptocurrencies through gaming. And not only do I feel that cryptocurrencies can be introduced to the masses through gaming, I now know it. I am living proof of that. I just suddenly realized I'm living proof because I found Bitcoin through basically gold trading in Diablo. Suddenly it just clicked on and it dawned to me that, you know, there's a lot of people in the space. And I started asking around today as well. There are a lot of people who got into crypto and very early on too into cryptocurrency scene. But people kept selling. A lot of these game developers, not only did it have 50 Bitcoin, like when I mined out 50 Bitcoin, I thought that was a lot. They have 5,000. And the stupid thing that they did was they sold at 100. They sold early. They didn't believe in the technology enough. But you know what? With crypto, just today is evidence of that with the whole market going up and going all crazy is that crypto never dies. It is so crazy to think about that. But so when I uploaded my video about how to use ledger with the NIO wallet just three days ago, pretty much the top comment was crypto is dead. I'm going to melt down my ledger to be scrap metal. And now we see crypto going up like 20% and some coins like I think Icon went up 40% on listing on BitThumb. I think Quantum was also a 40% too. And every coin was just going like crazy. Crypto revives itself and it takes a lot of faith to believe in crypto. A lot of these game developers I was talking to today sold so early and they didn't believe it enough, but they can. That's the key thing. I suddenly remembered, you know, these people can believe in it and they can get gamers on board. And gamers have such a good way of understanding decentralization and understanding the core kind of advantages of crypto. This is what makes me so excited, brought back a lot of passion for me for what I do. And definitely this space is not dead. So I'm finally feeling that connection between my past experiences as a game designer and game programmer, game developer, and connecting that with my cryptocurrency experience. I hope you guys share this excitement. I hope you guys see a lot of things going on. Definitely today was just evidence that we shouldn't give up hope. And maybe when we start thinking about destroying our ledgers or giving up our ledgers, that's a time to buy because that was the bottom of the dip. And honestly, I kind of wish that bought a little bit more. I definitely feel like there's a lot of excitement coming back and I hope you guys are excited for the future of crypto as well. Well, we keep dying and we keep coming back and that seems to be the trend. And...