The case of Kuaibo tells the story of the cryptocurrency world

The Qvod trial touched the hearts of countless Chinese netizens, who chanted the slogan "Don't cry, Wang Xin, we are all Qvod members tonight." The court records showed that the defense lawyer and Wang Xin showed no fear in front of the judge and the prosecutor, and spoke eloquently, leaving the prosecutor speechless. It seemed like a "very satisfying" and exciting experience.

It’s a pity that the stranger here still sighs, “But this is of no use.”

Recalling the trial of "Pingxi King Boxilai" in 2014, didn't Pingxi King still refuse to plead guilty and refute all the charges with righteous words, leaving the judge and the prosecutor speechless? What was the result? It was still "sentenced according to law for the crimes of accepting bribes, embezzlement, and abuse of power, and sentenced to life imprisonment and deprivation of political rights for life."

Where are all those people who cheered for Bo's brilliant self-defense? They just scattered like birds and beasts.

Mr. Lu Xun once said that the Chinese have had a bad habit of watching the fun for thousands of years. With the change of times and the development of the Internet, the place to watch the fun has changed from the streets to the Internet. Moreover, being a "quiet keyboard warrior" on the Internet is more concealed and safer. Why not "those who love to watch the fun"?

But what will happen if this debate is extended to the field of Bitcoin? I will write an article here today, extracting some classic quotes from the Kuaibo trial, hoping to inspire others to think about it, rather than just letting this matter disappear after a "lively" time.

1. Who is shameful?

Technology itself is not shameful. ——by Wang Xin

It hits the G-spot perfectly, almost achieving an instant orgasm.

If it is true as Wang Xin said that Qvod is just a video playback software that is subjectively unable to fully identify the video files uploaded by users, then it was the millions of Qvod users who sent Wang Xin to prison.
However, users also do not feel ashamed of watching pornographic action movies. “Food, sex, and love are the greatest desires of human beings.” What is there to be ashamed of?

So who is shameful?

A considerable number of people in the cryptocurrency circle are technology geeks, or in other words, most people who believe that Bitcoin will succeed are technology geeks, and believe that technology will definitely dominate the future. I also fully agree with the statement that "technology itself is not shameful." If technology is guilty, then Nobel, who invented dynamite, deserves death, Fermi, who invented the atomic bomb, deserves death, and Kalanishkov, who invented AK, deserves death... Not only are they not guilty, but they are also worthy of respect and learning.

But it is still unclear whether it is shameful for people to use technology.

The most typical example in the currency circle is to use various "self-created" altcoins and second-hand tokens to raise money. They reiterate over and over again: "Our confirmation is faster", "Our technology is more advanced", "Our future is broader and there is greater room for appreciation"... So, you just need to continue to support us (give us money).

After countless people have invested their hard-earned money, they still don’t see any improvement. They still argue: How can technological innovation be so fast? How can the establishment of a new economic system be so fast? Of course, we are still making continuous efforts. You see, our "coin" has made a major breakthrough in X and X, and the dawn of X technology is just around the corner. One day... So, you just need to continue to support us (give us money).

Over and over again, the cycle continues.

Their products seem to be "really good", or there is nothing wrong with logic and technology, but it is still a naked financial fraud. Foreigners despise them and even hope that they will be arrested and tried. Unfortunately, there are no laws to follow. Even if they are arrested and tried, what can they do? All the creators of altcoins and second-hand tokens will surely throw out the words "technology itself is not shameful" as a shield.

And they will also say, "Look, some people buy it and some people believe in it, and it meets their needs."

Standing at the crossroads of technology and humanity, we should perhaps think more deeply about the humanity behind technology.

Inventor Nobel spent the rest of his life regretting the fact that his invention of explosives was used in war, so much so that when he was dying, he used his legacy to set up awards to encourage those who innovated technology. Similarly, Oppenheimer, one of the inventors of the atomic bomb, also had a famous saying about technology: "Neither accusations, ridicule, nor praise can free physicists from their instinctive guilt, because they know that their knowledge should not have been used."

I certainly don't expect those scammers who use altcoins and second-coins to raise money for pyramid schemes to have the noble character of scientists. Today, I use Wang Xin as an example with the altcoin and second-coin scammers. Perhaps it is a great humiliation to Wang Xin. After all, Qvod does not steal or rob, and satisfies the sexual desires of countless otakus. I just hope that those greedy altcoin and second-coin scammers can have a little conscience and stop doing such immoral things as "giving birth to a son without an asshole".

Investors in the cryptocurrency world, the best option for you to eliminate the breeding ground for scammers is not to buy those random altcoins and second-hand tokens.

Second, meeting the needs of a niche cannot become mainstream

"Hooking up for one night could not have made Momo what it is today, and fake goods could not have made Taobao what it is today. Meeting the needs of a niche group cannot become mainstream." - by Wang Xin

This sentence is eye-opening and can also be said for the cryptocurrency world.

The success of Qvod is definitely not as simple as being able to watch pornographic movies. The use of its superb distributed caching technology in China has taken China's playback technology to a new level, reaching a world-class level. Even today, a year and a half later, the decoding ability of the Qvod player written by Wang Xin is still far better than 90% of other players. Usability is the hard truth. You can watch any format of video you want, find any video you want, and download anything you want. This is the prerequisite for success.

Bitcoin is still a niche demand, and the cryptocurrency community must recognize this reality. A few months ago, it seemed that Bitcoin could be used to top up phone bills, but I don’t know if it can still be used now. But what we can confirm is that Bitcoin cannot be used to go shopping in supermarkets, refuel cars, or even buy a rose for a girlfriend. To be frank, apart from the role of speculation and foreign currency exchange, Bitcoin has not yet had any killer applications.

Yike firmly believes that Bitcoin will have a brilliant and beautiful future, but unfortunately it is definitely not today. Blindly shouting "buy, buy, buy" will only put individuals and families under tremendous economic pressure. Proper allocation of property and reasonable investment are the only way to increase wealth.

This sentence can also be seen as a spur to entrepreneurs in the cryptocurrency circle. Should the bosses who earned their first pot of gold by relying on Bitcoin reflect on their business strategies and make Bitcoin more integrated into people's lives, rather than just launching one variety of "trading methods" after another?

Of course, this sentence is also for those who laugh at the cryptocurrency circle.

Bitcoin is currently a niche demand, but it will not always be a niche demand. The Internet is surging, and blockchain technology has been recognized by more and more people. In the near future, the use of Bitcoin will be safer and more convenient. People who are unwilling to contact and learn new things will be eliminated by the times. This is an iron law of history that no one can violate.

Meeting the needs of a niche market cannot become mainstream, so let us witness how Bitcoin gradually moves towards the masses and becomes mainstream. When people think of Bitcoin, they will think of it as a way to pay for many necessities of life, not just the "roller coaster price".

3. Cry out for injustice

Having been a lawyer for so many years, I have never wanted to redress the injustice of my client so much.

——by Wang Xin’s defense lawyer

There is no need to cry out for injustice; it is useless.

When a foreigner visited Tiananmen Square on New Year's Day, he saw with his own eyes petitioners sneak into the square and loudly cry out for justice in front of the Monument to the People's Heroes. They were then pinned down on the spot by patrolling guards within ten seconds. Then within thirty seconds a law enforcement patrol car appeared quickly, and the people crying out for justice were dragged into the car, and completely disappeared from people's sight within two minutes.

This kind of thing probably happens frequently, so the handling methods should be standardized and procedural.

It may be true that he was wronged, but from a legal point of view, he violated the public security management regulations...

Once imprisoned, one is in a tragic and embarrassing situation of being at the mercy of others. Saying “it’s unfair, it’s unfair” many times can only gain psychological sympathy from others but will not obtain any substantial help.

What people should seriously do is "how not to get caught".

Wang Xin was a skilled technician, but unfortunately he did not realize the harm that this "dragon-slaying skill" of the Qvod software could cause to himself. Qvod supported decentralization in terms of technology, but the operating service provider adopted a centralized form, which is why the prosecutors seized the handle and selected four pornographic servers to "successfully report" and tricked Wang Xin, who was far away in South Korea, back to China and "arrested him in one fell swoop."

Some people curse Chinese laws as "narrow and evil laws", but in fact, this is not just the case in China. Once a law is enacted, it has the force of enforcement and is not subject to human will. Whether a person's behavior constitutes a crime, what kind of crime it constitutes, and what kind of punishment should be imposed are all stipulated by the law. From this point of view, all laws are narrow.

Satoshi Nakamoto is obviously much smarter. From the beginning of developing Bitcoin, he realized that Bitcoin, as a technology that transcends time, would inevitably be ruthlessly slandered by the secular world. No matter which country, he would be wanted. So he adopted anonymity and never showed up. Facing the wonderful performance of Bitcoin in this world and the disturbances surrounding Bitcoin, Satoshi Nakamoto just quietly looked at the private key containing more than one million Bitcoins in his hand and muttered: "What can you do to me?"

It really fulfills the famous saying in "The Three-Body Problem": "The Lord doesn't care!"

At the same time, please be mentally prepared. At present, the law is still very lenient in the field of Bitcoin, and the real storm is far from coming. If one day, the country suddenly turns against it and says that this platform/that platform is suspected of illegal operation and needs to be closed for rectification, will your coins still be safely returned to you?

If they say that this company is operating illegally, what will you do? Will you go and protest for injustice, or for the boss of this platform? If they want to frame you, is "false accusation" enough?

Let me say it again as I said at the beginning: there is no need to protest against injustice, as it is useless.

Master your own Bitcoin and keep your private key safe. You are the heir of Satoshi Nakamoto's spirit, sitting firmly on the Diaoyutai and watching the changing situation with a smile.

Finally, let me say something off topic. The judiciary is indeed making progress, which is fully reflected in the live broadcast of previous trials. Otherwise, the public might only get a conclusion like "Wang Xin, the main culprit of Kuaibo, was convicted of X years".

However, this progress is still not fast enough.

Times have changed, but many things have not been followed up in a timely manner. Those outdated rules are being forced to reform step by step.

Wang Xin is still in prison. If he knew that so many people support his defense of innocence, he would probably be very relieved.

The same is true for the currency world. One day, people will support Bitcoin as much as they support Wang Xin.

Sooner or later, it's just a matter of time.

Author: ☆☆EVA☆☆ (Lonely Stranger)
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Source: Babbitt Information