Monkey Business World Crypto. Bitcoin billionaire Li Xiaolai discloses the crypto business monkey business. This is known after the leaking of recording talks that reveal many dark secrets of the crypto world. The recording of the 50 minute duration of July 4th was first obtained through the WeChat app. The leaking of the tape is then widely publicized in Chinese electronic media.
Li Xiaolay, previously quite widely known in the community of crypto Asia because has made many sites of bitcoin faucet. In addition Xiaolai is one of the crypto investors, he is also known to have assets worth USD 3.5 billion. In fact, so far, Li Xiaolai has also been heavily involved to promote several crypto projects such as Qtum and several others.
In the recording of the leaked conversation, Li revealed many dark secrets of many crypto projects as well as some large crypto exchanges. Among them are NEO, Ripple, Tron, and some exchanges like Binance, OKCoin.
Li in the tape denounced the Binance crypto market as a "cheater market". In his view, the main reason for Binance's success began when many crypto exchanges in China had to close in September due to a ban. But according to Li only Binance can survive and miraculously survive the ban.
Not only that, Li also revealed the main reason for the split between founder and CEO Binance, Zhao Changpeng, with Xu Mingxing founder of OKCoin. He called the character Zhao Changpeng not good, as well as with Xu who has a dark history. Li Xiaolai's tone of voice on the tape seemed quite fiery. Li even uses a lot of diction "stupid X" 24 times.
Associated with many crypto projects, although he also promotes a large number, Li assumes that most of the crypto and ICO platforms are worthless. In his statement, Li mentioned several such projects as NEO, Ripple, Tron, EOS, Litecoin, and others.
According to Li, some successful ICO projects are not built through a really good concept, but because they are built by creating a pool of followers with a really aggressive and explosive pulse. Li thinks some of today's popular tokens are nothing but scam, worthless.
A crypto project that has value is because the highest value of blockchain is "Consensus". Most ICO projects today, manipulate and wrap it into a hype, nothing more. In fact, according to him, most of the fake crypto project is not supported by anything concrete.
What Li is talking about, seems to be an explanation for other crypto communities in China, because of her well-known figure. This has major implications for many investors in the crypto community to pay more attention to the real conditions.
Despite what Li fired up with the greatest rough tone, there was a reality to be realized. Almost no longer a secret, that the crypto stock is currently built with a foundation full of speculation and manipulation@BPI
