Last night, we concluded the last speaker series of the year. Bobby Lee, CEO of BTC China, one of NOC Shanghai’s list of companies, shared about Bitcoin, China, his own personal entrepreneurial journey and the lessons he has learnt from it. Bringing us into the world of Bitcoin and digital assets, Bobby explained that Bitcoin was first created by Satoshi Nakamoto and is meant to be a digital asset first adopted by Libertarians who believe in owning value that is rightfully theirs. Supported by Blockchain technology, a public ledger for all bitcoin transactions, Bitcoin is protected by cryptography, which includes its 32-35 character long private key that consists of numbers, lower, and upper case alphabets. A revolutionary technology, its importance lies in its ability to transfer value, providing real value at the speed of light. Bitcoins are able to transcend spatial boundaries and time, is limited in supply, decentralized, and has very low fees. Due to these characteristics, Bitcoin is inherently useful for making payments instantaneously, even over geographical boundaries. Painting the Bitcoin scene in China, Bobby mentioned that Bitcoin has been rising in popularity within the country due to individuals’ perception that Bitcoin is an investment for the future, one that cannot be manipulated and controlled by a single entity. China is also home to over 60% of the global Bitcoin mining share, due to the availability of fast assembly, good chip design, and cheap electricity. Apart from sharing about his profession and passion, Bobby reflected upon 7 key learning points about being an entrepreneur in China:
Concluding the night on a high note, Bobby shared about the business aspirations he has had since he was a child, and the sense of gratification he gets from growing and directing his own company. He also provided advice on career choices, stating that there is no one right path and that we should all follow our personal goals and achieve them. As the last speaker series of the year, we would like to thank Bobby and all the other speakers who have participated in our past speaker series, and shared about their inspiring startup journey. We hope that future NOC events will continue to be as inspiring and thought-provoking as those this year.
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7/25/2022 09:55:07 am
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7/25/2022 10:00:48 am
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SHEN
申城 (shen cheng) is an ancient name for Shanghai.
As a group of NUS and NOC students who are in Shanghai for a year-long internship programme, we have named our student organisation as SHEN (Shanghai House of Entrepreneurs). Archives
November 2017
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