Li Xiaolai responded for the first time: I did own six-digit Bitcoins

Li Xiaolai responded for the first time: I did own six-digit Bitcoins

Li Xiaolai : This is also a photo that caused me a lot of controversy later. It should have been taken five or six years ago. I didn’t know how high the sky was and how deep the earth was at that time… Haha. Fortunately, I used US dollars, fortunately it was just a small “one dollar” bill…

Otherwise... Otherwise, I'm in a very difficult situation now, right? Don't tease me with this photo.

Wang Feng : Keep using it. Xingxing said he wanted to challenge the hegemony of the US dollar and use BTC.

Second question: It is rumored that you have six-digit bitcoins. Is that true? How much have you sold?

Group member : This question is very important!

Li Xiaolai : In the past. Not so much now. When the exchange was opened, the bank account was always frozen in various ways to ensure that there would be enough reserves in case of a run. Some had to be sold during the bear market, and after a few months of unfreezing, it was impossible to buy back that much.

Group member : How many are there?

Li Xiaolai : No comment.

Wang Feng : Let me ask you one more question: what were you like when you were at your poorest?

Li Xiaolai : I have never been too poor. When we were young, we were all very lavish and often didn’t have enough money. But we had good relationships with people, so even if we had to borrow money, we never lacked money.

Group member : There are still 160,000 bitcoins in the address of the richest bitcoin owner.

Li Xiaolai : Large addresses basically belong to exchanges, not individuals.

Moreover, this kind of exchange has problems with security awareness.

Many people don’t know that Bitcoin private keys are actually public, although the probability of being cracked is very low. However, if you have a little mathematical knowledge, you will know that a probability of one in ten thousand does not mean that you have to try ten thousand times before it can appear...

I don’t dare to put so much value in one address.

Not to mention that I don’t dare to do it now, I didn’t dare to do it in 2011. When I invested in Zhao Dong in 2013, I used three old wallets from 2011 to make up the investment amount for him.

Wang Feng : The third question is, since you like writing books so much, will you continue writing?

Li Xiaolai : Writing is an integral part of my life. I write two to three thousand words every day for more than ten years. It is still the same now, except that I don’t necessarily publish it publicly. So outsiders don’t know that it is not very hard for me to write a column because I have a large amount of “copy and paste” inventory.

Wang Feng : Question 4: Do you still feel the same anxiety as before? Finally.

Li Xiaolai : This is really the last question, right?

I have always been anxious because the world is changing so fast that my body can't keep up.

Sometimes when I think too fast and can't keep up with my actions, I get even more anxious. I have to find ways to adjust.

Group member : Ten questions for Li Xiaolai (Part 2) When will it start?

Li Xiaolai : It’s not downloaded anymore.

Wang Feng : Well, you know, someone must have asked me, when will the 10 Questions to Li Xiaolai (Part 2) be released? Actually, I don’t have a specific timetable. Because I have a hunch that the legend of Li Xiaolai has just begun…

Thank you Xiaolai, everyone. Haha, I’ll be waiting for you (next).


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