Author: Wang Yanhua
Chief research officer of WTO Foundation Chen Caigen said that China is falling behind in the public chain, leading the world in developing blockchain applications, and simply crushing everyone else in mining in an interview with the Chinese media yesterday.
Chen is a renown crypto-influencer in China. Many articles on blockchain and cryptocurrency that he has posted on his Wechat are must read materials for Chinese crypto-enthusiasts.
Lots of memorable quotes can be amassed from his interview.
He warned about the obsession with money-making in the blockchain industry in Mandarin, “The biggest consensus in blockchain is making money. Thanks to the hype and bubble of money-making, lots of talented people are drawn to this industry. Blockchain is one of the fastest paths to get money. This desire to make money should be encouraged. However, in order to achieve great things and change the game, you need to resist temptations and delay gratification.”
When asked about his opinion on blockchain future’s development in China, he said, “The world of blockchain does not lack money, technology, resources, policies, and ideas, but leaders. If a Jack Ma for blockchain does not appear, then blockchain cannot be successful.
“Heroes are symbols of the times, and signals of what’s next. As of now, looking at the blockchain entrepreneurs in China, I don’t see enough heroic calibre, we still need to work hard.”