BTC China’s CEO Bobby Lee Gives Bitcoin to Bruce Willis as ...
BTC China’s CEO Bobby Lee Gives Bitcoin to Bruce Willis as ...
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Bobby Lee Speaks: The Future of Bitcoin in China
Cryptocoinsnews interview with Bobby Lee: http://www.cryptocoinsnews.com/2014/02/12/future-bitcoin-china-bobby-lee-speaks/ Some interesting snippets from the article: On current regulation: ''That is the Chinese way. By analogy, a country might say that alcoholic beverages above 50% proof are not allowed, in China they would say anything overly alcoholic is not allowed. This is to leave them a margin to change their mind. At the time we had doubts, we didn’t know if, as a business, we could exist. Two months on it seems we are allowed. As a business we have not been shut down. We were a bit over concerned.'' On Chinese competitors: ''We suspect much of their trading volume is fabricated. It is a common practice to fabricate trading data in China. We have taken a stance, my co-founders and I, not to play that game. We play by the book, and we are at a disadvantage when measuring trading volume. None of them dares to get listed on the Bitcoin charts. Huobi brags about their numbers in China, it is what it is.'' On future of bitcoin in China: ''We need a few months for the dust to settle, so the Chinese consumers regain confidence. There is demand for Bitcoin in China.'' Hong Kong?: ''We are a Chinese business, you can imagine we have considered doing business there. The fact we do not have a robust business there shows Hong Kong is not easier.''
I'm not sure if the bitcoin community noticed this little tidbit from a recent bobby lee interview but it's very interesting and cool
"We have an innovative maker-taker commission model. We reward our market makers with a commission rebate. Our market makers bring the price gap to 0.1 of one RMB. It is the smallest gap of any exchange. We have the deepest liquidity. At any moment, people can buy or sell Bitcoins without moving the price. Our solution will allow Bitcoin commerce to take off. Bitcoin prices will still change over time but this will not affect commerce. I agree that on a global scale Bitcoin volatility will go down over the next few years. " I hope this sets a precedent for other exchanges to follow. Essentially if you put up a sell order or buy order that has to be fulfilled you are a market maker... the person who just buys at the ask price or sells at the bid price is a market taker. This makes the "spread" (the difference between the bid and ask prices) pretty small which is great for things like remittance. http://www.cryptocoinsnews.com/2014/02/12/future-bitcoin-china-bobby-lee-speaks/
"china for now will NOT allow goods and services to be sold and paid for by bitcoin" - Bobby Lee (CEO of BTC China)
1. "but essentially if bitcoin is not a currency in China and china as a state only recognizes one single currency which is the RMB. therefore all merchants, stores and services can only accept the RMB. since bitcoin is not a currency and not a recognized currency so it's actually a logical conclusion that china for now will not allow goods and services to be sold and paid for by bitcoin" Bobby Lee (CEO of BTC China)" http://youtu.be/rBgQFzyg8pk?t=21m57s 2. Audience: Goods/services can not be sold in bitcoin. Im wondering if most investors in china are they expecting that to change? Bobby Lee: So that’s not going to change anytime soon. The government has made it clear that goods/services can not be priced in btc and can not be sold and paid for in btc. So that’s the current stance. All companies under the china law will follow that. http://youtu.be/rBgQFzyg8pk?t=43m37s 3. Audience: Can you clarify as whether all merchants are not allowed to accept btc or is it only for existing financial institutions? Bobby Lee: it’s both. Financial institutions can’t touch it and goods/services are not allowed to be sold or priced in btc. Two different points and they both apply. https://www.youtube.com/watch?v=rBgQFzyg8pk&feature=youtu.be&t=45m17s to the guys downvoting facts/news just because it's not positive. keep circlejerking yourself
Bobby Lee's "conclusion" is obviously wrong. The China advisory clearly said any business or person not in the excluded financial sectors can use bitcoin at their own risk. It just said no one can be FORCED to use Bitcoin because the RMB is the ONLY OFFICIAL legal currency in China.
Bobby lee clearly has made a very obvious error in his conclusion saying noone can price things in Bitcoin or do business in Bitcoin. And that incorrect conclusion now has been Upvoted 800.times and misinformed the world just like the initial wrong statements that came out after the the advisory first came out and caused a crash. Read the advisory. It very clearly says Bitcoin can be legally used in commerce at the users own risk. That was the whole reason for the "RISK ADVISORY" (actual title)! It was to advise people that it is risky but legal! If they they were outlawing it it would have been called the "prohibited advisory" Only the financial sectors specifically mentioned in the advisory are prohibited from using Bitcoin. Again why would they say people can use it at their own risk except for sepcifc businesses who can't if no one can use it? Bobby lee made huge blunder and now Bitcoin haters on bitcoin are upvoting that blunder just like they did when people were running around falsely saying China had outlawed Bitcoin. Wrong wrong wrong. Read the advisory. It was posted here last week or so. Bobby Lee get back up on the stage and correct your mistake!
Bobby Lee on Bitcoin in China: If a country "wants to succeed and be relevant, where it wants people to develop and the economy to grow, then it would make sense to embrace the best technologies and services. Bitcoin speaks for itself."
Bobby Lee, the crypto entrepreneur, the founder of BTCChina and the Ballot hardware wallet bumps into ‘John McLane’ Bruce Willis on a plane as he heads for China and starts talking Bitcoin with him. Will Bruce Willis rescue Bitcoin? Bobby Lee is known to be a Bitcoin pioneer. Bobby Lee seems to be very bullish about Bitcoin’s future.However, the market has been in a bear trend since the beginning of the year and it can reach a new bottom in the near future. Bobby Lee is the co-founder of BTC China, creator of BTCC Mobi and a recognized person in the cryptocurrency community. He has always been very positive about Bitcoin and virtual currencies and now he has made ... Previously, Mr. Lee was the Co-founder and CEO of BTCC (formerly BTCChina), the first bitcoin exchange in China, and the leading bitcoin financial platform worldwide. BTCC was acquired in January of 2018. Before BTCC, Mr. Lee was Vice President of Technology for Walmart's e-commerce business in China. The frequent discrepancy between Chinese and other BTC exchanges often reveal the "real" USD/CNY exchange rates, explains BTCC CEO, Bobby Lee. Bobby Lee, founder of BTCC, the first Bitcoin exchange in China, says the Bitcoin network will prevail.“The reason is, because it will,” he said. He acknowledges Bitcoin is difficult to understand because it is complex. “It’s many things to many people,” he said, speaking at a Finnovasia event in Hong Kong in December, 2016.
"BTC: Bitcoin, a New Value Chain in China" -Bobby C. Lee, BTC China Topics in International Technology Management: "New Value Chains and the Rise of Open Inn... Cryptocurrency News - Bitcoin Veteran Bobby Lee Predicts One Million-Dollar Bitcoin. Imagine a One Million Dollar Bitcoin. Would that become a life-changing ... Bobby Lee, owner of cryptocurrency exchange BTCC, revealed four common mistakes people make when buying the currency when he spoke to a packed first floor at the FCC on January 3. Bitcoin 2014's The Digital Economy Feature Presentation by Bobby Lee, Co-founder & CEO of BTC China took place on Saturday, May 17, 2014 at the Passenger Terminal Amsterdam (PTA) Backstage Area ... "BTC: Bitcoin, a New Value Chain in China" -Bobby C. Lee, BTC China Topics in International Technology Management: "New Value Chains and the Rise of Open Innovation in Asia." This series examines...