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Sun Yuchen: I am not Jia Yueting in the currency circle

Justin.Sun 2025-10-13 19:02 14963人围观 TRX



This article comes from the WeChat public account: Zinc Finance (ID: xincaijing), author: Chen Haining, Yi Bailing, editor: Cui Hengyu, the original title is "Sun Yuchen's Exclusive 10,000-Word Record: I am not Jia Yueting in the currency circle", the title picture comes from Visual China.

Justin Sun stood on a familiar stage.

On June 4, TRON founder Justin Sun announced that he had purchased Warren Buffett’s 20th anniversary charity luncheon for a record high of $4,567,888.

As soon as the news came out, global attention focused on this post-90s generation.

This is highly similar to his situation at the beginning of 2018. His wealth has increased significantly, and doubts from the outside world have reached a high point.

On September 4, 2017, the People's Bank of China and seven other ministries and commissions jointly issued the "Announcement on Preventing Token Issuance and Financing Risks", requiring domestic ICO projects and digital currency exchanges to ban, shut down and retire (hereinafter referred to as 94).



Announcement on Preventing Token Issuance Financing Risks

Since then, Sun Yuchen was once rumored to have "ran away." In March 2018, Justin Sun, who returned to China to participate in the thesis defense of the first batch of students at Hupan University, asked someone to find Zinc Finance. He hoped to use the media to tell the outside world: I did not run away, and to defend several major "misunderstandings" about him from the outside world.

On the evening of March 26, 2018, at a gathering of students at Lakeside University, Pan Yuefei, the founder of Zinc Finance, had a conversation with Sun Yuchen that lasted more than three hours. He was in a state of excitement almost the entire time, laughing suddenly, and from time to time his voice became sharper due to excitement, and his voice rose. When speaking, his hands wave unconsciously.

Therefore, Zinc Finance decided to present the actual transcript of the conversation with Justin Sun in an attempt to restore the person. This may be the longest conversation between Justin Sun and the media.

In interviews, he frequently used "golden words"——


1. They say I am a national hero: the British sold us opium in the 19th century, and Justin Sun sold Tron to the Eight-Power Allied Forces in the 21st century.

2. With the IQ of He Xin (reporting director of "GQ" magazine), he has no idea what we are doing. I feel like he is playing tricks on us. He stayed with us for three months, which is equivalent to wasting his time with us.

3. After entering Lakeside University, I was like a duck entering a flock of chickens. You are a duck, and after you mix in with the chickens, you feel very inferior. After six years of starting a business, I actually returned to the starting point and found that I could only do nothing.

4. If you grab a handful of pigs, even if you only grab a handful, there will be oil. How could it be possible without oil? Even if 1% of entrepreneurs switch to the public chain, it is a big deal.

5. People ask me whether I am a chicken or a duck. In fact, they ask about the pain points and they cannot explain clearly at all. As long as you lend me money, it's a chicken, it's a chicken, it's a duck, it's a duck.

6. Some people say that our white paper and IPFS are highly similar in model. Nonsense, we are competing in the same industry.

7. Digital currency is an integral part of the future world. We are waiting for you in the future world now. Shouldn’t cashing out go in the opposite direction?

8. I am Liu Bang, EOS is Xiang Yu, and Ethereum is the Qin Dynasty. I will kill him first and then divide the world. So from this perspective, we are not actually opponents.

9. Pull the market? The transaction volume is nearly 400 million US dollars. How can we have 400 million US dollars? You can’t afford to pull it, and it’s impossible for your partner to let you pull it.

10. I am very good at discovering how something is bad, how to fix it, and then suddenly become good. But others often don't believe it, because it's such a miracle, and they think there must be a demon when something goes wrong.

He repeatedly mentioned the misunderstanding of him by the outside world in the tone of "the whole world has misunderstood me" and clarified that this was not the case.


He talked about transaction volume, DAO (through blockchain smart contracts, running the organization's rules and procedures to achieve distributed self-governance), 94, and scandal misunderstandings.



Justin Sun’s TRON

Unable to grasp the authenticity of Sun’s words, this report was shelved by Zinc Finance for more than a year. Recently, due to the Buffett lunch incident, Justin Sun once again pushed himself to the forefront of public opinion.

It is worth noting that Justin Sun once told Zinc Finance that the lock-up period of the TRON Foundation will end on January 1, 2020, which may be related to Sun’s determination to win Buffett’s lunch.

It took me 6 years to find that I could only be a duck among the chickens.

Pan Yuefei: When did you start getting involved in the currency circle?

Justin Sun: I came into contact with Bitcoin in 2012 and joined Ripple in 2013. In 2014, with more than 2 million US dollars invested by IDG, he returned to China to start Ripple. In fact, we just want to build Ethereum in China. At that time, Ethereum had not yet been born.

I concluded that this period of failure was a very important reason. At that time, when I entered Lakeside (university), I felt like a duck entering a flock of chickens.

Because other successful entrepreneurs, such as Jack Ma, Chen Ou, and Chen Weixing, they all raise rounds A, B, and C, complete the complete logic, and then IPO. The rules of the business world are this set.

If VC wants to invest money in you, they will ask you how much income, profit and users you have. Just like a chicken, its nails are pointed and its beak is also pointed.

When I first started doing it in 2014, the VC’s first reaction was, “Is it a liar? What did you say? What is that about? ”

And the funniest thing is that because you are a duck, after you mix with the chickens, you also feel very inferior.

Why are my webs open? They are all pointed. Why am I open? Should I shave off my webbing? Why is my mouth flat? Other chickens have to be pointed to catch rice. How can I hold rice with a wide mouth?

At that time I would wonder if I was doing something wrong. All successful entrepreneurs are like this. Am I wrong? At that time, for example, there were some ducks, people like Vitalik, who built Ethereum in 2015. We still felt that we looked down on others when they did ICO in 2015. At that time, we thought, how can you cut leeks?

It's really ridiculous, because we thought at the time, didn't Vitalik just cut leeks? We are serious professional investors. IDG is a very good VC investment and a mainstream fund. We are not cutting leeks. Isn’t Bitcoin cutting leeks?

Pan Yuefei: So what’s the reason why Ripple can’t do it?

Justin Sun: The reason for the failure is very simple, because at that time Vitalik chose to be a duck, and he made a duck without any regrets.

But I wanted to do chicken. DAO’s operating standards are not met by VC, and because you are a duck, you cannot meet the standards of a chicken no matter what you do. Your mouth will be flat, which is very uncomfortable.

After going around a lot, I discovered that it took me six years to start a business. It has been six years since I started my business in 2012. After six years of starting a business, I have actually returned to the starting point. If you find out, you can only be a duck.

Chicken can't do it, nor is it suitable or fond of doing it. I don’t care whether this is good or bad, and I don’t care what others think. It’s equivalent to spending six years in pain and hesitation. This is also determined by the blockchain industry. The blockchain industry is a complete set, which is different from VC.

I am not Jia Yueting in the currency circle

Pan Yuefei: What do you think of being called "Jia Yueting in the currency circle"?

Justin Sun: At that time, many people were making rumors about us every day, saying that we were cashing out 2 billion and saying that we were running away, right? Say I am (Jia Yueting in the currency circle).

We also got it right one by one. Jia Yueting cannot return to the country. I am now being interviewed here and can enter and exit freely. This first point is inconsistent with the second point. Jia Yueting really owes someone money. China, tell me, who do we owe money to, not even a penny, not at all.



Jia Yueting

Taking a step back, of course China has already withdrawn. Even our investors in Tron, our current price has increased 30 times from our ICO issue price, everyone has made a profit. At least you invested 10,000 yuan, and now you have 300,000. If you invested 1 million, it would be 30 million. Which is not a profit.

I think the first batch of rumors were very simple. We had fought against X-Cash before. We felt that to be honest, it was blackmail. They wanted more RMB than they originally invested, so they used the Jianghu method and were unreasonable. They hired many reporters to directly write black stories and spend money to fight against them.

So we made a decision at that time. I was originally going to go abroad on September 2, but 94 happened. As a result, people misunderstood us and said that we would run away and never come back.

Ethereum and EOS can’t defeat us

Pan Yuefei: After the 1994 ban, I almost had a narrow escape. Why can I persevere?

Justin Sun: Most people probably do it because of ICO, because at that time, after 1994, 97% of them died in the same period as me, and they were all dead. 100% of ICO platforms are closed, and 100% of exchanges are closed. 97% of such projects died, and Bitcoin fell by 40% that year.

Just our family continues to work overseas, and I think I believe that we are a miracle overseas. Our testnet went online in four or five days, and then we launched the mainnet on May 31st.

We are a little earlier than EOS, and we deliberately chose the time point to be one day earlier than EOS. I think 2017 is a key test year for Bitcoin. The reason why Bitcoin has risen so much is that it completely resolved the dispute in 2017, brought the entire community into a new stage, and experienced the test of blood and fire.



For Ethereum, I think it goes without saying that this is an absolute impact. It’s just a matter of how big the impact is. So I think I am absolutely short on Ethereum in the short term. Of course, Ethereum has also fallen a lot, from 1,000 to 500. It fell sharply some time ago (in March 2018). Why?

It’s very simple. We play overseas, and EOS plays in China and South Korea. Ethereum does have too many problems, and the ship is too big to turn around, so I think that’s it, I don’t regard EOS as a rival.

Pan Yuefei: Where is your opponent?

Justin Sun: I am Liu Bang, EOS is Xiang Yu, and Ethereum is the Qin Dynasty. I will kill him first and then divide the world. So from this perspective, we are not actually opponents. I don’t have to think that EOS and I are rivals.

I think we can talk about it systematically.

The first point is that our TPS is much higher than that of Ethereum, which is 60 times higher.

Second, we have another creative idea. We don’t need to pay Gas for transfers. All transfers are free. Account creation is also free and is 60 times faster than Ethereum.

And you also know that Ethereum does not have any mobile support at all. There are very few mobile terminals and they are all PC-based. In the future, we will invest hundreds of millions of dollars to build our entire mobile ecosystem, all of which are mobile.

We are equivalent to Ethereum, he is in the open and we are in the dark, because what we improve are definitely the most painful points for its users, and we solve them all.

We actually don't even look down on EOS, because our transaction volume is second only to Bitcoin and Ethereum, and occasionally compared with Litecoin, we rank fourth or even third in the world.

We are still concerned about Ethereum, because EOS currently has no projects launched on it, and our grab for projects is not a grab for Ethereum. The Ethereum Foundation may not have as much ammunition as our project team.

Or Ethereum tried to fight, but because the ship turned around due to a disaster, it failed for various reasons. For example, when I talked about Ethereum earlier, it also wanted to improve its TPS by converting PoS to PoW. It didn't know that it was 60 seconds slow, but it couldn't change it because miners would quarrel if it changed.

Nine major “misunderstandings” about Justin Sun”

1. run away

Pan Yuefei: What kind of people are spreading these rumors now? What do you care about most?

Justin Sun: It’s so funny, there are so many misunderstandings. The first biggest misunderstanding is that we ran away, and the second is that we didn't pull the trigger.

I was in Korea on the day of 94. Many people said that we ran away immediately after 94. In fact, we left the country on September 2. Although it was a few days later, when I left the country on September 2, I did not know that there would be 94. If I want to go to South Korea, I need to apply for a visa, which means that I made a decision in August to go to South Korea in September.

I can show you my passport and the date I left. So this is the reason. We are not actually promoting overseas. We are not going out because we were 94.



That's what happened, and it certainly caused some degree of embarrassment, right? In any circle of friends, there are rumors about Tron in China, and they are all rumors. I had my first (interview) today.

So of course I think to some extent the rumors circulating in China are just rumors and I don’t care. I often said at that time that these rumors were so terrible. Why were they equivalent to beating dumb people and digging up the graves of families?

2. Pull the plate

Pan Yuefei: How did the figure of 2 billion cash out come from? Why are you so confident?

Justin Sun: The logic is very simple. I took a look just now. The transaction volume was nearly 400 million U.S. dollars. How could there be 400 million U.S. dollars? You can’t afford it, and it’s impossible for your partners to let you pull it. We are listed on the five best exchanges in the world. Their moral standards are very high, no joke. Their standards are definitely not lower than Nasdaq.

It was easier at the front, but we spent nearly nine months in the back, starting in the second half of last year, and waited until March this year to go public. This delay has caught up with the listing. We still dare to do it, and all five companies have to collude. If I have this ability, why should I still pull the market? I just opened an exchange.

I didn’t cash out, so where would I get the 2 billion? It was written by a public account in China called Laojin Financial Notes. I guess Laojin thinks 20 is good and 30 is too much. We issued a court summons at the time and asked him to delete it, but he himself knew it was a rumor.

Let everyone believe that there is not so much cash out, that is, lock-up. All the foundation's money is locked up until January 1, 2020, and we are relatively resolute in lock-up. We hope that the foundation will have strong control over the ecology in the long term. We have a different mentality from those who spread rumors. They don't believe that TRON is very good, and the transaction volume of EOS is so far behind us. Why should we run away? Why cash out?

It's equivalent to saying that I think something is worth 20 cents, but you think it's only worth 50 cents, and then you spread the rumor that I sold it for two yuan. It’s very funny in China. On the one hand, they say that I cut domestic leeks, but on the other hand, they say that I am a national hero. They say that the British sold us opium in the 19th century, and Sun Yuchen sold Tron to the Eight-Power Allied Forces in the 21st century.

Many people misunderstand that we are a domestic project, and many people outside the industry think that what I am harvesting is domestic leeks, like Laojin Financial Notes, who are not from the currency circle.

Pan Yuefei: The Chinese market has a special fondness for foreign projects and feels that foreigners will definitely not pull the strings. As long as the Chinese participate in the project, they will definitely do the bidding.

Justin Sun: I have talked with a Chinese project founder before. We are both returnees and are more qualified to answer this question. We may be the first Chinese project to be so successful overseas. I am also very aware of the psychology of foreigners. I dare not say that I am a banana person (ABC), but at least I am half of it, because I studied in the United States for a long time, and I also worked at Ripple at the beginning. Now my main working language is English, and I only use Chinese recently when I came back.

I think it is true that Chinese people in the currency circle still have serious thoughts of worshiping foreigners and favoring foreigners. There is no solution to why low trading volume is called low-key, and high trading volume is due to speculation. To give a simple example, if BM changes three projects in a row, if the Chinese are asked to do this, they will definitely be said to be "cutting leeks, launching three projects in a row, cutting three rounds in a row, having no conscience, and not persisting in the projects."



EOS is a combine harvester. One year after the ICO, have you seen such a project? But no one scolded me, right? Our ICO was called a dog for a month, right? We actually only have an ICO for two days. EOS is a dynamic ICO. I will take whatever amount you invest, and we will do it for a year at a time.

3. Tron is no match for EOS

Pan Yuefei: What do you think of TRON and EOS?

Justin Sun: The reason why EOS is higher than us is very simple, because there are more exchanges on EOS than us, and it is because it was done earlier. He did it in July, and we did it in September. Being two months early in the currency circle is actually a big first-mover advantage.

Moreover, EOS has an advantage that we will soon learn from, which is EOS voting to lock up. I think this is one of the reasons for its huge increase. In order to run for the super node, many people are crazy about locking up. I will not criticize any serious project party, because everyone is working on projects, and I will not spread rumors about EOS. I said others would not, but what I provide today is a serious analysis of the facts.

4. Hype

Pan Yuefei: Regarding your experience, including saying that you are very good at hype, and even digging out your college experience and internship at Southern Weekend, they are all written in detail.

Justin Sun: I need to explain this. This (hype) article comes from GQ He Xin, who is my college classmate.

He Xin wrote a very positive report about how I counterattacked and got admitted to Peking University. I want to talk about another point. There is something interesting about my personality. If I play table tennis, I am particularly good at playing against the wind. For example, if I score two points and the opponent is ten points, then I counterattack and kill the opponent at 12:10.

I'm particularly good at playing this, it's actually my personality. When I was a sophomore in high school, I could only pass three books. My grades were very poor and I was not good at all. It took me one year to go from over 300 points to 650 points, and I was admitted to Peking University.

Including projects, you see how badly we fell in September. It took me three months to fully recover. I am very good at discovering that something is bad, why it is bad, how to solve it, and then suddenly become good. But others often don't believe it, because it's such a miracle, and they think there must be a demon when something goes wrong.

Later, he came to interview me in GQ, and of course I provided him with a lot of material without any warning. Many of the materials are true, but He Xin's interpretation of these materials completely adopted negative logic.

For example, I have been mainly vegetarian since I was about 24 years old. If interpreted from a positive perspective, it can even be said that Justin Sun's moral level has improved.

In fact, the reason why I became a vegetarian was because I studied in the United States, and Americans eat healthy foods such as salads, quinoa, and avocados. I didn’t intentionally pursue health, but just the ones that were nearby downstairs. I'm not picky. I don't necessarily have to eat Chinese food. I can eat anything from foreigners. When I returned to Beijing from the United States, I still maintained this eating habit.

He Xin looked at it and said that Sun Yuchen was pursuing utilitarianism, got in better shape, and switched to eating salad. My first reaction after reading it was "That's okay."



The originally inspiring story of my counterattack to get into Peking University was written as a deliberate attempt to counterattack. I was speechless and felt very strange. From my own point of view, I think the only explanation is that it is because of jealousy.

Jealousy is also normal. We all go to school together and are just ordinary people without any background. From a worldly perspective, I may be too successful than him, and he will not be able to accept it for a while. Or maybe he really didn’t understand blockchain, and it was too early in 2015. I think that interview was a very in-depth interview, and it lasted at least three months.

He Xin should be very familiar to us, but why do I say that he is playing the piano to others? Because after the report came out, He Xin, with his IQ, had no idea what we were doing and basically didn’t mention the business. He only wrote one sentence: As far as we know, Justin Sun seems to have done nothing in business.

This is the first reaction of an ordinary Chinese white-collar worker after seeing the blockchain with his basic IQ. It is equivalent to him having stayed in our company for three months and not understanding it at all. Maybe I didn't explain it well.

5. About making chicken and duck

Pan Yuefei: How to interpret all in as a duck?

Justin Sun: (Very early on) I was all in to be a duck, but I just made repeated compromises with the chicken in order to be a duck. Later, in 2015, I launched Fabibao, which is a smart contract to issue coins to everyone. We did it two or three years earlier than Ethereum. It is equivalent to China inventing electricity in the 9th century, and Edison not inventing it until the 17th century.

At that time, everyone really didn’t understand it, and we didn’t use the DAO form. We used a company. Even if others liked it very much, they couldn’t participate. We were still in a state between chicken and duck.



Many people think that we switched to blockchain in 2017, but I started doing Bitcoin in 2012 and have been doing it since 2013. Old people in the industry don’t think so. This is of course due to information asymmetry. Misunderstandings also exist within and outside the industry.

The article "Bookmaker Du Jun" made Li Lin (the founder of Huobi.com) look like Du Jun, but in Huobi, Du Jun is far different from Li Lin. Li Lin is the boss, Du Jun is a wage earner, and Li Lin has the final say.

It’s so funny, and Du Jun invested very little in many projects. He just took a chance, but how could he become a trader? This is like being shot while lying down. Ping West writes as if he knows the inside story. The media likes conspiracy theories, but in fact the people involved may not be so good at it. However, it is indeed a premium caused by the paradigm shift in human history.

6. About compliance

Pan Yuefei: There are bound to be contradictions in China between studying the Tao Te Ching and studying science. How do you face the question of compliance?

Justin Sun: When the new paradigm shifts, because the predecessors were too ignorant and had never seen anything new, they could only use the original logic to explain it. But people who understand the new paradigm find it very simple. In fact, in the blockchain circle, I feel that the people I know are all ordinary people, and no one is doing it with deliberate intentions. They are all quite normal and very weak.

Many people outside the industry think that we are breaking the law, but we are not breaking the law. What we did before 1994 was completely compliant. Many people asked me, making me laugh and cry. They said, Yuchen, why are you still breaking the law? I don’t know how to explain to him.

Even from a national perspective, this is not illegal. The prerequisite for breaking the law is to legislate and take ten thousand steps back. Even if the country issues a notice that ICOs cannot be conducted, if you do it, you are only violating the notice and it does not mean criminal liability. As a company, if you conduct an ICO, the State Administration for Industry and Commerce can only revoke your business license.

7. Rumors about not wanting Ripple coins or taking photos together

Pan Yuefei: Some people say don’t accept Sun Yuchen’s Ripple coins, don’t take photos with him or talk to him, don’t get involved in relationships. There is a rumor on the Internet that there is an old man who dare not take a photo with you. Why is he so panicked?

Justin Sun: That was written by Block Rhythm. I don’t know of any old-timers. If I had known, I would have deleted him long ago. They are all rumors, and they were written with a nose and an eye! I’m dumbfounded!

Let me first say that this concept is wrong. There is no concept of "earning".

We are basically isolated from fiat currencies. Whether it is Bitcoin, Tron, or Ethereum, we think it is an integral part of the future world. We are waiting for you in the future world now. Isn’t the cash-out going in the opposite direction? Everyone should panic: Why did I still take fiat currency? I placed an order today but didn’t buy it. The moment I bought Bitcoin, the cash-out was successful. Why did you do it the other way around?



Many details in (the article) are not true, but they were made up with a nose and an eye. And "From that day on, Justin Sun has become a mystery at home and abroad. No one can find him, not even friends and investors." No, anyone who sends a WeChat message can contact me. I have never lost contact.

8. Is Chen Weixing being stood up?

Pan Yuefei: Some people say that Chen Weixing was stood up?

Justin Sun: Let me tell you the correct version. I started working on a project and wanted to find someone to invest. Chen Weixing invested 30 Bitcoins, and of course we listed him on the official website. It's great to have Chen Weixing help us with the platform, but it's not a scarce resource. We have Bitmain and Quantum Chain invested in it, and there are about 15 of them. But after 1994, the list shrunk every quarter, leaving only Dai Wei and Wu Jihan.

9. Tron’s white paper copied IPFS?

Pan Yuefei: Some people say that TRON’s white paper copied IPFS?

Justin Sun: I want to respond to this. We do want to do the same thing as IPFS, and many of my technology choices are consistent. I definitely admit it. There is no shame in it. This is what I announced from the beginning, there is nothing that cannot be done. But it is definitely wrong to say that we plagiarized.

This is because the founder first attacked us on Twitter. From his perspective, he criticized us from the moral high ground. But I think others followed suit and spread rumors, and I was justified.

I think it’s definitely racist and I think Tron can’t be done. Others have raised US$300 million, and I have raised US$3 billion. I have to ask why I can’t do it. Ask the opposing debater to name anything he has that I don’t have. It just means that our technology selection is highly similar to IPFS, and that our white paper is highly similar to IPFS in terms of model. Nonsense, of course it is similar. We compete in the same industry.

Taking a step back, IPFS is open source. Open source means that everyone can use it. IPFS can indeed say that I copied it because he was angry, and he attacked me because he was afraid of me. He scolded me, but I was actually happy.

94 Reviews

Pan Yuefei: How did you survive 94? No one left?

Justin Sun: None left. So I feel that the startup from 2012 to 2014 was in vain. No one on the team was retained, including all the partners, who left. There were basically only two people left between 2014 and 2015. Today’s team basically joined the company after 2015. From this perspective, my six-year entrepreneurial journey was basically wasted in the first three years.

It was indeed the most difficult time for the company. Chickens and ducks were not clearly understood. Half of them were hybrids. Even the founder had not thought clearly about it. People asked me whether I was a chicken or a duck. In fact, they asked me about my pain point and I could not explain clearly at all. As long as you lend me money, it's a chicken, it's a chicken, it's a duck, it's a duck. It is really difficult and there is no money. Employees feel that they have no backbone and no hope. It is normal for them to leave their jobs.

The team in 2015 was generally good, but the turnover rate was very low, and most of them have been retained until now. They switched to blockchain very quickly. They said, "It's mainly because you are awesome, boss. I have only been in this field for three months, but it feels like three years have passed." I think their learning ability is still good.

94 That order scared three people to the point of pissing. Three company executives walked away on the spot, unable to stop them.



There was a very strange employee who resigned. He couldn't be contacted at the beginning of his resignation. He asked someone to make up his resignation report. By December, our Tron market started to skyrocket. He showed up and said that I was ungrateful. After working for so long, I basically didn’t pay much when I left. I even cried. I couldn’t reach you even if I wanted to contact you at that time.

The projects that I have experienced in 94 are different from those that I have not experienced. If someone leaves, you don’t know how to keep me. To use the words of Block Rhythm, people look at me with panic in their eyes.

When 94 was cleared, many ordinary people were very irritable and came to the door with knives and put them on their necks. "Either I will drain your blood, or I will drain my own blood. Anyway, fight Ethereum back to us immediately." ”

The hands of our technical customer service staff were so frightened that they entered the wrong information. They only dared to input more information and overpaid more than 3 million yuan. Later, we did not pursue the case. There were too many situations and it was a long article of 10,000 words. I really couldn't laugh at that time, someone would be killed, you know, risking your life?

People outside asking for refunds are just like the scenes in "The Walking Dead" and "Train to Busan". As soon as the glass door opens, you will be trampled to death. At that time, the people were too panicked and demanded that all refunds be made on the same day as the announcement on September 4th.



Train to Busan stills

Nearly 40,000 people participated in our project. To push back Ethereum one by one, we will definitely have to develop a so-called currency refund program. How do you explain to them?

I can only supervise the battle in person or remotely. The team's first reaction was that the boss must not come back, as it would be even more chaotic. This way, you can also tell the person who requested the refund that the wallet is with Justin Sun (there is no use threatening me), so you might as well have a good talk with me.

A lot of people came to the company that day, so it was definitely a group event. The people were extremely panicked and demanded their money be refunded immediately, right here, right now, without waiting even a second. The fear is so overwhelming that rational communication is no longer possible.

Not only retail investors, but also partner investment banks. I also understood that 94 Economic Investigation was sitting at his door. He was also afraid of going to jail and asked us to call them Ethereum immediately. I said, buddy, you have to call us Tron first, and he immediately posted my contact information online, saying that Sun Yuchen had run away.

Pan Yuefei: Were you scared to pee at that time?

Justin Sun: No. I also broadcast a live broadcast that day, which felt like it had penetrated people's bottom line and imagination. I was hysterical and seemed to be suffering from a mental illness. In order to appease domestic sentiment, a live broadcast was made. At that time, the regulatory authorities also had a wrong understanding of live broadcasting. It was quite funny. They said, "Justin Sun, stop misleading the public with your lies and committing crimes while still live broadcasting."

It was three days of hell.

After those three days, everything was actually fine. To a certain extent, what everyone wanted during those three days was not a refund, but a space to vent their hysteria and fear.

Since around the beginning of August, Caixin has been publishing at least one article every two days. On black ICOs and blockchain, and how dreams of getting rich are shattered, regulators immediately took action. Don’t think we said today that they didn’t take action, and they will take action next week. Everyone's nerves are tense, and it's a joint effort of seven ministries. Some people declared on the spot that they would never do blockchain again in this life. Really visceral fear.

On the first day, I still wanted to resist, reason, and say that we could bear it. On the third day, I gave up and lay down on the spot, doing whatever I wanted. My ID card was posted online, so I had no choice but to let them make trouble.

In those days, the product manager went to put forward requirements for the technology: if the development is not completed within seven days, either you will be on the road or I will be on the road.

Even at that moment, I didn't waver, still the same six words: don't be afraid, keep doing it. Overseas markets are still strong and unaffected, and they rose back up immediately.

If we were to write the history of the currency circle, then the history of the three months between 1994 and December 15th would be blank and silent. No one person is doing anything, and project parties like me are doing it overseas.

Everyone fell down on the spot, and some people swore that they would not be able to work in the blockchain until the 18th generation of their ancestors and all generations of descendants.                                    

*The article is the independent opinion of the author and does not represent the position of Huxiu.com

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我有话说......
TA还没有介绍自己。