IMO Characters @DC Encryptor: Find out the core migration capabilities and move to the new world of Web3 painlessly

The guest invited by the Matters [ Creator Economy IMO ] channel this time is the self-media "DC. Encryptor " (hereinafter referred to as D University). He was originally a professional soldier, and later changed his career path and eventually became a full-time investor; in I came into contact with the currency circle in 2015, when one Ethereum coin was only US$13...

The host of this event is @Hugo． Hugo , and @ReadBiGong took charge of the scene. Let us relive the scene through written records.

• 👉 Why IMO? Subscribe to [ Creator Economy IMO ] newsletter👈

• 👉Collect the Writing NFT version of this article👈

■Introduce yourself at the beginning

If only three tags can be used, the moderator wants to use #OG (Original gangster), #migrability, and #Web3 to label D.

• OG : I got into the cryptocurrency field in 2015.

• Transferability : The abilities learned on the job are “superimposed” to the next job.

• Web3 : Optimistic about three directions.

■Interview on the psychological journey of University D

1. You used to be a professional soldier, but later changed your career path and became a full-time cryptocurrency investor. How did this story come about?

It can be divided into two parts: "jumping out of the professional army" and "entering the currency circle":

• In terms of personality, he is not very adaptable to the relatively closed system of the military. In particular, it is due to ideological restrictions and restraints.

• Enter the currency circle
  D is a pragmatic Taurus who is not afraid to talk about "making money". When investing, he also touches the field of cryptocurrency. The more he invests, the more interested he becomes and the sense of accomplishment he gets.

2. Following on from the above, these two fields are very different. How did you find out what abilities you lacked? In what way can we strengthen it?

In fact, D did not immediately become a full-time investor as soon as he stepped down from his status as a professional soldier. At first, he was still engaged in other professions. Cryptocurrency investment started as his interest and eventually turned into a career.

"My past work experience in online marketing and business organizations can be 'taken away' and applied to the next job, so it won't be wasted," said D.

University D also realized a feeling, which is about the fable of the jar: Bee vs. Fly, who can escape from the glass jar lying on its side?

In this experiment, because of the rigid experience of the bees, they believed that the place with the light source was the exit, so they trapped themselves: instead, the so-called "headless flies" scurried around and finally escaped.

"Don't be restricted by a comfortable and comfortable environment (sunshine), you might as well set a time limit, and you can bravely break out before reaching this age." University D encouraged the audience.

3. Most of the first-hand cryptocurrency market information is original. Is this a hindrance to novices?

Compared with 7 years ago, Chinese resources are quite abundant at this stage, so novices don’t have to worry too much.

4. Since you entered the cryptocurrency field in 2015, the market has gone through ups and downs, and there has even been a case of exchange collapse that shocked the world. What major experiences have you encountered during this process?

• Experienced the first bull-bear period (2017-2018)
  Ethereum entered the market at US$13, and its worth once reached eight figures, but it also suffered a shock when its assets shrank by 90%.

• Experiencing the second bull-bear period (2021-2022)
  During the FTX thunder incident, he had about NT$3 million worth of funds stuck in the exchange.

5. Following on from the above, how did your mentality change later? Has your investment direction been revised as a result?

• You must know how to stop profits at the right time <br class="smart">The first bull and bear situation brought D big enlightenment. Although the currency circle has the opportunity for people to make a fortune in the short term, they can also take it back quickly. To Know how to cash out at the right time.

• Configuration of virtual and real integration <br class="smart">The second bull and bear situation made D University realize that not only cashing out at the right time, but also the location of funds is very important; in the future, "virtual and real integration" must be done well, in addition to Outside of the currency circle, investments in real industries must also be allocated; “risk management” awareness must be optimized to the best.

"A friend advised me to put some funds in savings insurance. At that time, I looked down upon the meager 2% profit, but after the FTX thunder incident, I had a different idea about this financial instrument..." D Big Remembering.

【Observer Denken 🙋 IMO】

Your sharing reminds me of this article " I can only start again, a brief investment record and review of the six-year currency circle ".

6. You have been promoting blockchain education for many years. If a person does not understand cryptocurrency and rejects it, how will you communicate with him and make him change his mind?

There is no deliberate attempt to convince him.

D University believes, “At the beginning of the 19th century, people riding horse-drawn carriages once looked down on people driving cars; in 2007, when the first iPhone was first released, its touch screen was also ridiculed by peers...", Blockchain Technology is a paradigm shift that sooner or later pushes people forward whether they want to or not.

Those who know first can reap early dividends by embracing an open mind; as for those who are forced to change later, the connection is often not smooth and they are washed away by the torrent of trends.

7. How would you introduce Web3 to a cryptocurrency novice?

University D plans to use analogies. For example, everyone should have heard that Bitcoin is digital gold and a decentralized currency.

"I think Web3 is a collection of decentralized technology companies (Google, Meta, Amazon...). These technology giants are transformed into universal operations and participation." D said.

8. Musk has previously expressed his disdain for Web3, so what do you think of the development of Web3?

University D first asked the host @Hugo. What does Hugo think of "Buffett also criticized Bitcoin"?

【Hugo🙋IMO】

As a stock market tycoon, Buffett must have said this after weighing the "pros and cons".

【Big D🙋 IMO】

A high proportion of the global stock market capitalization is related to Buffett. Based on this consideration, if Bitcoin is allowed to flourish and is not curbed, the funds originally staying in the stock market will easily flow out to the currency market.

Everything is due to the position of "vested interests".

Going back to the original question, if Tesla’s ownership of “centralized data” (developing a self-driving system requires feeding AI a lot of data for analysis and training) is one day claimed and returned and required to be open and shared due to the Web3 wave, what will happen? Infringing on Musk's "vested interests", naturally he does not want these resources and rights to be decentralized.

【Hugo🙋IMO】

In this way, the objections made by the elders are another way of cutting corners, confirming that they cannot underestimate Web3.

9. Which Web3 technology developments are you optimistic about in the future?

1. Blockchain <br class="smart">People will realize how important it is to "prevent centralized giants from taking away their digital identities and data property rights."

2. artificial intelligence
   AI technology will also penetrate into the Web3 world, helping people analyze data more efficiently and make better decisions.

3. AR and VR
   From the real world to the metaverse, a carrier is needed in the middle.

10. If you were to recommend a book to your fans to stimulate their thinking and generate new ideas, which book would it be?

D’s top recommendation is “ The Road to Financial Freedom ” written by Li Xiaolai, who was also the early OG of Bitcoin. His thoughts after reading this book are:

• Establish the ability of "metacognition" <br class="smart">When something happens, different people have different opinions, and "metacognition" tells you why these opinions arise and how these opinions are formed... ⋯ How to recognize your cognition .

• Compared with the Taiwan book market, there are relatively few chicken soup-type books on the other side of the Taiwan Strait. Every time you open a book, you can probably learn some practical mental methods or applications, and refresh your understanding of various aspects.

• Don't be carried away by the "waves" of the outside world. After receiving the information, you can get your ideas through your own sorting.

【Hugo🙋IMO】

This book gave me the feeling of overlooking something from a higher perspective.

11. In addition to fluent writing skills, what creators pursue is clear opinions and insights. When you write an article, how do you develop your opinions and insights?

The direction of D's creation has a strong "purpose". I hope readers will have a clear direction after reading it. For example, newbies who read this article will be more interested in investing in Bitcoin.

So D General Assembly tried to figure out the "mood of the audience", and also remembered the pain points I encountered 7 years ago... I started writing from this perspective.

• Welcome to subscribe to the [Creator Economy IMO] newsletter
  https://creatoreconomyimo.substack.com

• Let’s communicate in real time on the “Matters Creator Economy Channel”
  https://discord.com/channels/902816652347977758/1125636029676785674