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 Original works by Huxiu Author丨Li Ling Only three months after the drama about enthusiastic entrepreneurs offering 100,000 yuan as a reward for brave citizens was staged, Justin Sun is on the hot search again. Converted into RMB, the total price is about 31.5403 million yuan. Sun Yuchen used the money to buy a Western-style lunch with stock god Buffett. This caused a collective climax in the currency circle, which was called the confrontation between "old money and new money". Praisers called him "Brother Sun is so awesome", while scoffers felt that the only person he was talking about was Trump.  Excluding the two warm-up Weibo posts before the news was announced, "I did something big and announced three days later" and "Let the bullets fly for a while," and counting the official announcement that he had won Buffett's lunch, Sun Yuchen posted 7 Weibo posts in 12 hours. “Would Buffett say TRON is rat shit? ”Some netizens asked. “Please don't insult the rats. ”Another netizen replied. This comment was ranked as the second most popular comment. Compared with domestic netizens who are overwhelmingly unfavorable, Buffett, who has never had a favorable impression of cryptocurrencies represented by Bitcoin, appears to be much calmer. He described Justin Sun as a "crypto asset pioneer" and said he was "looking forward to meeting him and his friends." One is a stock god who denies the value of crypto assets, and the other is a hot newbie in crypto assets. If you think that this lunch is bound to have an undercurrent, you are wrong. After all, Justin Sun said, “It’s normal for people in the investment community to change their views. ” Chinese boss “supports” Buffett On the morning of June 1, the 20th Buffett Charity Lunch Auction ended, and Justin Sun’s sky-high price lunch was officially finalized. The transaction price was US$4,567,888 (approximately RMB 31.54 million), easily breaking the previous record of US$3,456,800. Since the Buffett Charity Lunch started in 2000, it has raised more than $30 million so far, with all funds raised going to the charity Glide to help poor and homeless people in San Francisco. As in previous years, this auction also went through eBay for a five-day bidding period, with a starting bid of US$25,000 (approximately RMB 173,000), and each bid was increased by at least US$100. In the end, Justin Sun grabbed Buffett's lunch ticket from the bidder who bid $4,567,788 with a $100 advantage. The meal was incredibly expensive. Fortunately, Buffett said that the auction winner of this charity lunch can invite up to seven friends to participate. The average seat fee for 8 people is US$570,000, which is relatively cost-effective. To be able to sell meal tickets at such a price, Buffett can be regarded as having a taste of the Internet. Before 2003, Buffett's lunch seat fees were in the tens of thousands of dollars. Until the auction was moved to eBay in 2003, the transaction price immediately doubled several times, reaching hundreds of thousands of dollars, and five years later it reached the million-dollar level. I have to lament that there are so many rich people. Before Justin Sun, the highest price for a Buffett lunch was purchased by an anonymous bidder in 2016 for $3.457 million. This is nearly $160,000 higher than the 2018 transaction price of $3.3 million. Huxiu has previously reported that in the auctions from 2000 to 2016, the Chinese "boss" contributed a quarter of the charity funds and won three Buffett lunches. The sum of the bidding prices was equivalent to a quarter of Buffett's total charity lunches. The first one, Duan Yongping, chairman of BBK, won the bid with US$620,000 in 2006； Second place, "Godfather of Private Equity" Zhao Danyang, won the bid with US$2.11 million in 2008； The third place, Zhu Ye, chairman of Tianshen Entertainment, won the bid in 2015 with US$2.3457 million ； Fourth place, Justin Sun, the founder of the blockchain project, won the bid in 2019 with a price of US$4.5679 million. Now, together with Justin Sun, there are four Chinese bosses who have paid for Buffett's sky-high lunch. The proportion of Chinese bosses contributing funds to poverty alleviation in San Francisco will increase significantly. 31.54 million yuan, the stock god who "successfully touches porcelain" Buffett has been shrewd his whole life, and Justin Sun is not stupid either.  Duan Yongping can earn as much as Huang Zheng of Pinduoduo, Zhao Dan can earn 140 million, and Justin Sun, who has always been good at using marketing to boost currency prices, will definitely not lose 7.5 billion like Zhu Ye. At least within a quarter of an hour after the news was announced, the price of Justin Sun’s TRON currency rose by 6%. Justin Sun thought clearly about the expensive dinner with Buffett. Among the seven Weibo posts posted within 12 hours, two were articles with more than a thousand words, explaining the purpose of the dinner in Sun's own name - to popularize the value and reasonable use cases of blockchain to mainstream society. “Lunch with Buffett will be an opportunity to seek mutual understanding and growth. ” Justin Sun’s language revealed that the purpose of buying Buffett’s sky-high lunch was to change the investor’s antipathy toward virtual digital currencies, thereby benefiting the entire cryptocurrency and blockchain community. However, judging from the comments in Moments and Weibo, most practitioners did not give positive feedback on this. Changpeng Zhao, founder of the crypto-asset exchange Binance, has even spoken out publicly, saying that he rejected Justin Sun’s lunch invitation. Sun Yuchen's self-directed and acted acting qualities have long been known to everyone. “In 2014, I recorded a program with Sogou CEO Wang Xiaochuan. Wang Xiaochuan said that I was a liar and would definitely fail. Later, within three years, our company’s market value surpassed Sogou. In life, people who look down on you will push you deeper. ”During the Spring Festival of 2019, Sun Yuchen posted on WeChat Moments. Just because of Wang Xiaochuan's look, he was "hated" for 5 years, and even became a "shame" that spurred him to make progress. Although Wang Xiaochuan realized it later, his original idea did not change. He responded on June 4, “What is a liar? Everyone has their own definition. Some people think it is net worth, and some people think it is market value. ” Justin Sun, who won the first prize for new concepts, also published an article with a huge title, "Tron founder Justin Sun bought the "Buffett Charity Lunch" for the highest price in history and became the first post-90s graduate of Jack Ma Lakeside University." He claims to be "the founder of the world's largest blockchain decentralized application operating system, and also the CEO of BitTorrent, the world's largest P2P protocol issuance company." The public relations officer who had previously warned against using "Jack Ma's disciples" is probably gnashing his teeth at the moment and racking his brains to think about how to get rid of this piece of chewing gum that is stuck to Ma Yun's body, makes him sick to his stomach, and cannot be discarded. But if you are worried that a post-90s generation lacks the depth of communication and the charm of language, then you are simply worrying too much. You know, even Li Xiaolai, the godfather of "cutting leeks" in the currency circle, affirmed Sun Yuchen's deception skills - "Whoever sees it is confused, and to what extent is it confused? Even though I knew he was a liar, I was embarrassed to call him a liar because I was afraid that others would call me stupid. ” Justin Sun felt aggrieved, and netizens comforted him: "It's okay, everyone knows you are a liar. Li Xiaolai doesn't have the ability to give you a name. ” What can be predicted is that Justin Sun will become the piece of chewing gum on Buffett's body. After all, Justin Sun, who can become "Jack Ma's first post-90s disciple", can easily become "Buffett's first post-90s fan friend". Buffett and the Tiger Seeking Food Warren Buffett, the god of stocks, is a godfather figure in the investment field. After publicly dissing Bitcoin more than once, he became a representative of conservative investors in the currency circle. He is usually ridiculed as a failure case, for example, "Buffett probably didn't expect Bitcoin to rise to this price." Before Sun bought the lunch, Buffett's contact with him was limited to the fact that Sun considered himself a value investor.  But just as Wang Xiaochuan and Justin Sun have different definitions of success, Justin Sun and Buffett also have very different concepts of value investing. The value defined by Justin Sun is based on the market value of the blockchain project Tron’s ICO tokens. As for Tron, known as “the biggest bubble in the currency circle,” its market value cannot be compared with any other company. In Sun's view, Buffett invested too much in food industry giant Kraft Heinz Co. and failed to realize the potential of technology companies such as Amazon, Google parent company Alphabet, and even Apple. These are enough to prove that even the most successful investors of all time will miss the coming wave. He hopes to persuade Buffett to “spend as much time as possible to build and cultivate communities and support the blockchain concept. ” Different from Buffett’s path of accumulating original capital and fame, Sun Yuchen’s success as a post-90s entrepreneur is supported by the hundreds of millions of dollars he raised for Tron through ICO, and the billions of dollars in Tron’s market value that he contributed to through continuous marketing and promotion. At its most glorious time, the price of Tron tokens increased more than 90 times, and global transaction volume was second only to Bitcoin and Ethereum. Justin Sun's value rose accordingly. But even with unprecedented success in the blockchain field, it has not been able to remove the labels of "liar" and "leek-cutting king" in Sun Yuchen's Weibo comments. Buffett is just the opposite. Known as the God of Stocks, he is still an investment guru that people admire even as he approaches his octogenarian years. The investment guru has always shown his distaste for cryptocurrencies represented by Bitcoin in public. Words such as "hallucination," "rat poison," "feces" and "fraud" are commonly used metaphors in his mouth. “Stay away from Bitcoin, it is just an illusion. ”Starting with the warning in 2014, Buffett now believes that "digital currencies will not end well." During the period of strange fluctuations in currency prices that have skyrocketed and plummeted in the past two years, Buffett has always voiced pessimism. In April 2018, Buffett said buying Bitcoin was not an investment； In May 2018, Buffett reminded that Bitcoin is more toxic than rat poison and can only rely on others to take over at a higher price.； In February 2019, Buffett warned investors that the success of blockchain does not depend on encrypted digital currency. Bitcoin has no value and digital currency is an illusion.； In May 2019, Buffett said that Bitcoin is a gambling tool and has not generated any value. …… As expected, Justin Sun will take 7 "crypto giants" to New York to have lunch at Buffett's Smith & Wollensky steakhouse. I wonder how Justin Sun, who can come up with the slogan "First the Communist Party, then Tron", will market the sky-high price lunch with Buffett. It is not difficult to predict that the plot of the movie "The Richest Man in Xihong City" teasing Buffett will be played out on Justin Sun. Faced with the well-prepared hype and marketing, let's see how the stock god responds. Header picture of this article: Stock investor Warren Buffett © Oriental IC End Copy the password [H9e0vrqX] and open the latest version of Huxiu APP, you can claim the rights of Huxiu black card, which is valid within 3 days.  Click "Read the original text" and come to Huxiu APP to dig for treasures.~ |
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