Bitcoin tycoon and expert ‘Li Xiaolai’ from Chinawouldtake apassiveapproach to future blockchainschemes, mentioning on his recent social media post.
Mentioning on his web blog post, Li Xiaolai added that in an approach thatperceived totakemanyunexpectedly, Li,renownedformallyof China’sreportedbiggest Bitcoin bagholders and investors, appearedunsatisfiedwithdeceitfulactorswithin theblockchainecosystemthat were claiming he wasa part oftheir undertakings.
“Fromthese dayson, Li Xiaolaiin personwon’tinvest in anyprojects(whetherit’srelated blockchain or starup’s),” his post on Chinese social media network Weibo reads, translated by ChineseTechjournal namely TechNode. Li added:
“So, if you see ‘Li Xiaolai’related toany project (Ihave beenrelated toinnumerableprojectseven without myinformation,ninety nine percentisn’tanexaggeration),simplyignore it.”
Li Xiaolai wasprobablyreferencing similarthingsthat have resulted inseveralcryptocurrencyindustryfiguresstating warningsregardingsuchdeceitfulactors. Since from the startingof the ICO’s explosion in 2017specifically,numerouswell-known names have complained of their namesshowingon lists of ‘advisors’ for several blockchainprojects,which in fact had no relation.
Continuing, Li Xiaolai appearedunsure, hinting hewantedto withdraw from the crypto ecosystem entirely, however on a verybriefbasis.
Adding further he mentioned:
“Ihave been thing formanyyears toponderon my careeramendment. As for what I’m doing next, I have notdecided yet while I’m still optimisticregarding blockchainwithin thefuture.”
Both ICO’s and cryptocurrency use in Chinastayimpermissibleat the present times, Liinspite of thatadvocating for the government’s legislative shake-uponceit was absolutelydeclared onlastSep.