Source: Daoshuo Blockchain

Over the weekend, many self-media circulated a video of Wang Xing and Wang Xiaochuan talking about Bitcoin.

This video was recorded in 2014 (see the video reference link after the text). At that time, I am afraid that most of us had not heard of Bitcoin, or even if we heard about it, we were full of disdain or even misunderstanding and hostility towards it.

The more the dialogue is conducted in such a time and space context, the more it can reflect the differences in thinking. I suggest that everyone watch this video and compare it with their past selves to see what we can comprehend, reflect on and learn from this conversation.

During this conversation, there were several points that left a deep impression on me:

- When discussing why Bitcoin is so awesome, Wang Xiaochuan subconsciously mentioned It is technology; Wang Xing mentioned that it uses many other things. After this prompt, Wang Xiaochuan mentioned that sociology was used.

This reminds me of an issue I often think about in investment:

What role does the understanding of technology play in investment?

I think technology is undoubtedly very important, but a higher level is our imagination about the use of technology and its meaning-------What will this technology change? How will it affect us?

If we don’t think of this level, we will subconsciously focus on the technology itself, thereby comparing the advantages and disadvantages of the technology and even have a short-sighted view: This technology still has many flaws, so this application is useless. , This thing is useless, this thing has no value.

And if we can think of the significance of technology, we will think of the changes that technology may cause, and we will see the brilliant tomorrow presented to us by imagination.

In my limited knowledge, all the seniors I have seen who have achieved impressive results in the field of venture capital think this way.

- Wang Xing mentioned that when he and other colleagues were talking about Bitcoin, they compared a series of Internet giant applications such as Facebook. He believed that if they were given a similar environment and similar opportunities, they could also develop Similar applications; however, they cannot develop Bitcoin anyway. Bitcoin is a completely fantastic invention.

I think this understanding is profound.

When I look at the experiences of some investment masters and seniors, I often have this feeling: I may be able to do what some people do if I am given similar conditions and opportunities, but others may not be able to do it. The deeds of some people have given me better conditions, but I will never be able to achieve them in my lifetime.

This is a key difference between good and top.

- When talking about buying Bitcoins, Wang Xing directly said that he bought three out of respect, but Wang Xiaochuan did not express his position on this.

I often use Wang Xing’s approach in my own operations. From time to time, some of the projects I buy are not for making money at all, or for a dream I once had, or to express a certain feeling.Respect.

I think sometimes this kind of romance and purity can bring you unexpected surprises during the investment process.

- When talking about the significance of Bitcoin, Wang Xiaochuan believes that the role of Bitcoin is to subvert the government, and he believes that the government cannot be subverted, so the significance of Bitcoin is limited.

To be very frank, I think this cognition can well reflect a person's ideological background, the boundaries of a person's imagination, and even the ability to break through the thinking framework.

First of all, I do not think that Bitcoin’s role is to subvert the government, but I prefer to think of it as subverting centralized transfers and banks.

Secondly, it is not important what he thinks Bitcoin does. What is important is: he believes that what Bitcoin can subvert cannot be subverted.

This is the deep core of his views.

His idea reflects that deep in his mind, he believes that there are some things that cannot be broken through or challenged. More specifically, he believed in his mind that there was a sacrosanct authority in the world, and that it was absolutely impossible to break through that authority.

In my opinion, one of the greatest qualities of human beings is boundless imagination. What is boundless?

Boundless means being unrestrained, daring to release your imagination, and daring to let it fly.

If there are still limits to imagination, how can technologies such as Starlink, immigration to Mars, and reused rockets be realized? Which of these technologies is not an application that breaks the boundaries of thinking? I am not denying that these applications are technically great, but I think that without mental penetration, no matter how great the technology is, it will be impossible to talk about it.

And his thinking is locked within a set boundary, so his imagination is destined to only be within a limited range.

There are many ideological collisions in this dialogue that are worth chewing over and over again.

After reading this conversation, I feel deeply that:

When we encounter epic investment opportunities, the comparison is not at all about technical cognition. It is a cognition at the level of values ​​(or ideology).

For Bitcoin, the reason why many people have completely missed this epic train from beginning to end, I think the root cause lies in their values, just as Wang Xiaochuan recognized: This How can something be XXX? So Bitcoin is just XXX.

Even though Bitcoin has exceeded 100,000 US dollars, many people still cling to the old cognition that I can tell with my eyes closed.

The express train of history whizzes by, leaving behind those with backward cognition without even saying hello.