Opening chat: When I sorted out the files today, I found that I had read some material in “The True Colors of Heroes” a long time ago, but now I completely forgot how I felt when I watched the film, and only remembered some fragments. What is more impressive is that the English name of this movie is “A Better Tomorrow”, and Zhou Yunfa wiped the soup stains on Ti Lung’s mouth.
Wu Yusen said that the director is also a poet. Before shooting the character of a hero, the poet was the assistant director beside Zhang Che. He was nearly forty years old. According to the script of the society, he is certainly not a successful person, and he may still be a little depressed. At that time, Chow Yun-fat, the media evaluated him as a box office poison. Dillon, the star of Shaw Brothers. Leslie Cheung, a little fresh meat without strength. This combination remakes the 1967 version of Xie Xian’s “The True Colors of a Hero”.
The director said in the mouth of the movie: He is a god if he can control his own destiny.
Zhao Dong has appeared in various stories and speculations over the past year. Until yesterday’s paper circulated on the Internet, many people knew what was going on. Today AK made a comment on Weibo, and his words were full of pity and emotion. It’s a pity that Uncle Dong didn’t follow the advice and stepped on the red line. What’s sad is that this industry is mixed and worships high and low villains.
I don’t know why I call him Uncle Dong. Maybe the co-founder of Moji Weather seems to be more mature in the circle of Maotou. In fact, Zhao Dong’s actual age is not very big, he is a young man. Successful entrepreneurs. In the early years, Uncle Dong and Xiaolai represented the classical Internet currency circle people who started from Garage Coffee and became a very important entrepreneurial force in the early days of the industry. Feeling not too young, the teacher laughed out of the circle and re-written books and took the students. Erbao settled in the United States, and his husband and son were embracing each other.
Zhao Dong has always started a business in this circle, and he has never paid off his debts. If you mention him, there must be a polarizing reputation. The voices heard so far are not so positive. The more famous one is that Li Xiaolai broke off with Zhao Dong to collect debts. Dfund fund losses and filled his own pockets. Also mixed with the sound of fragmentary creditors begging for money. The details are in and out on the Internet.
These economic disputes lasted for a long time and kept pace with the development of the industry. Regardless of whether the currency standard is a bear market or a bull market, it is a human nature test question at the end of the settlement period. I don’t know how other people encountered it, anyway, what I saw and experienced was a joke on the world.
Uncle Dong and I have no economic contacts, so I don’t say much or make comments.
Liquidation, debt repayment
Zhao Dong’s hardworking spirit on entrepreneurial road can give full marks. There are too many people in the industry who have been beaten down by bankruptcy, and there are not no big bosses who have gone to extremes. His partner described the feeling of a warehouse explosion like this: “I remember that day very clearly. What day of the year, what day and what time at night, I was on the 23rd floor. After seeing the information about the warehouse explosion, I looked down from upstairs. The thought of jumping off. “As for the liquidation itself, Zhao Dong did not conceal or evade too much: “It is indeed a liquidation, and I will pay off the debt.”
Most of the “money” he owed was “coin”, which has exceeded the original legal currency value by N times in the past few years. How many “coins” are owed? Some of the big players in the early days invested in mining farms, mining machines, and speculation funds, and the primary market with him. So far there have been complaints that Zhao Dong hasn’t paid the bill. The coins that Uncle Dong had tossed about in those years are now sky-high, far exceeding the money he made later.
Start a business, pay off debts
In short, in those few years, it just didn’t seem to go well. Zhao Dong tried various tracks in this industry: wallets, mining machines, exchanges, investment, lending and over-the-counter transactions. It is borrowing and over-the-counter transactions that let him temporarily get rid of the debt crisis, which has certain historical reasons. A few years ago, the industry infrastructure was not perfect, especially after 1994, the deposits and withdrawals were not smooth, and over-the-counter transactions became a bridge. In order to repay the debt, he said in his own words: “I will take all orders for a few hundred dollars of profit.”
How hard is Zhao Dong’s business? Today, a blogger commented like this: Dongshu, nicknamed Zhao Letian, is extremely adventurous, and he dares to accept OTC that others dare not accept.
In fact, this statement would be true if he was in the contract period. It was radical and risky. The account repayment period was fairly conservative, and he also saw that he wanted to formalize the business. Their team KYC was very strict, and even the default KYC standard process in the industry was based on their template. As for the big OTC orders that others dare not take, let’s not say much. Even if there are no faults in the process, it cannot be proved to be compliant. Trying on the edge of the red line is equivalent to stepping on it.
It can not be said that Zhao Dong has not thought about the risk, but he made a choice after weighing it. AK said, “It’s easy to change the country and its nature is hard to change. In today’s era, the timid may not necessarily die from starvation, but the bold may really easily survive.”
A few years ago, over-the-counter transactions were mostly peer-to-peer, without intermediary guarantees, and popularity was almost tied to business volume. Years of working experience has brought him a natural flow. The service and professionalism of Zhao Dong’s team can be regarded as outstanding among the guerrilla team. Now some friends may ask why not open an exchange? In the two years of his accident, the industry has only slowly recovered from a big bear market, and the competition between international and domestic exchanges is very fierce. Opening an exchange requires a lot of money. At that time, there was no time and money for him to open an exchange. Lending and over-the-counter transactions do not need to be too high thresholds. Individuals can be used as intermediaries, and profits are the rake and price difference.
Choosing this path seems to be the best choice without choice. It was this choice that made him appear in the legal news.
Little past two or three
Most of us hope that he can pass through safely. As the big brother in the industry, Uncle Dong takes good care of our group of children. One summer, a group of business running meetings with other exchanges and mining machine dealers ended. When I passed by Zhongguancun, I said to go to Dongshu’s office to play. We chatted on WeChat and passed by. He came downstairs to pick us up, and the small elevator in an office building in Zhongguancun was crowded with us. He should be very busy at the time, leading us around and arranging for colleagues to take us to dinner. He exhorted: “It’s on my account.”
Later, when he went to Shenzhen to participate in the offline salon of Shentu Youth Organization, he was surrounded by several people while driving his computer. I asked, “Uncle Dong, what are you doing?” He said, “What about selling coins, I just smashed it. “
I’m definitely not the only one in the circle who have seen such a straightforward scene.
During Zhao Dong’s establishment of Dfund, it was at a time when the fire was cooking oil, and the popularity was endless. Some big funds from some backgrounds will join the Zhaodong platform or share a point when they invest in projects with big funds. During this period, I only met him a few times in the after-meeting dinners of various summits. After a certain meeting, I went to have a barbecue near the electromechanical compound. Zhao Dong came late, greeted adding vegetables and wine, and said: “I pay the bill.”
If his accident is expected, many people will not be spared. But doing something wrong is wrong. I hope that old friends and new friends in the industry will not have this day. I also believe that one day Zhao Dong will return to this industry.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.