TL;DR: Journalist Cindy Wang is based in mainland China, and is known for being a liaison between East and West through original reporting and translation. She’s also been on lockdown for 20 days straight as of our recording. Novel coronavirus has gripped the nation, and she’s literally in the middle of it all. Wang discusses her plight and connects it to the broader impact on crypto. This episode is available embedded in the article below, and on iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Breaker, PocketCasts, PodBean, YouTube for Newer Episodes, YouTube Older Episodes, and Overcast.
From Mainland China, Bitcoiner Talks Coronavirus and Fallout for Crypto
You can be excused for thinking the podcast subject is exploitative. Crypto and coronavirus? How many sites use such suffering for clicks! Kinda disgusting, for sure. When I booked the recording with Cindy Wang, I guess I knew it would come up, and it probably had to. But when she explained live on air how for 20 days she hadn’t left her home, it struck me. I was stunned.
I almost didn’t want to talk about crypto any longer. Who cares! When a transformational health crisis is taking hold of one of the world’s most populous regions, maybe thoughts about crypto aren’t really all that important … to put it mildly. I think it’s obvious during the conversation I am having trouble staying on topic.
Cindy Wang, however, is a trooper. She was the one to keep me focused and on the subject. She tries to explain why coronavirus might be a boon for cryptocurrency as a concept and, at least short term, an investment. She also discusses the heated debate within the peer-to-peer electronic cash community about the Infrastructure Funding Plan for Bitcoin Cash (IFP) as put forward by BTC.TOP mining pool founder Jiang Zhuoer. Recently, Wang helped to host an AMA with Zhuoer on a Chinese version of Redditt, Bihu.
Wang insists the Chinese community is very much in favor of the IFP, and believe it to be worth a try. She contrasts this attitude with that of the West, where debate is seemingly endless to the detriment of real, substantive action. She also pointed to her ongoing work with Satoshi’s Angels. It’s a powerhouse marketing group comprised of Wang, Akane Yokoo, and Tammy Joo, designed to help anyone looking to expand their crypto outreach to the vast markets of Japan, South Korea, and China.
You can help Cindy in purchasing masks and other essentials through donating to her directly:
00:00 Mea culpa
05:00 Coronavirus impact
06:50 Good for crypto
07:55 Government openness to blockchain
11:00 Infrastructure Funding Plan for Bitcoin Cash (IFP)
12:25 Chinese community reaction to the IFP
13:45 Respect for Jiang Zhuoer
15:00 Reaction to the updated IFP
16:35 What happens if there is no IFP?
17:30 Price action dictates enthusiasm
21:40 Coronavirus and crypto mining
24:45 Satoshi’s Angels
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