[Comparative character] PhD student in quantum mechanics/middle-aged entrepreneurship/wealth freedom... the slash life of Han Feng, co-founder of Yilaiyun

Han Feng, read Bo Qinghua's quantum attack, pioneered Yunzhou and later became Ai. At the end of my life, I first learned about Bitcoin and blockchain, so I preached in Kyushu and was famous all over the world. In AD 2015, investing in “Little Ant” was 700 times more profitable. When I met Chen Rong, an expert in computing, and co-created “Yilaiyun,” he was convicted in eight cases, and his reputation was ruined. However, he went back and forth, and his ambition was unswerving.

Han Feng is the co-founder of Yilaiyun. Visiting researcher at Columbia University, mentor at Tsinghua University iCenter, former blockchain consultant at the Huawei Research Institute, Secretary General of the Asian DACA Blockchain Association, US Oracle Education Foundation China Project Partner, Bitcoin Foundation Lifetime VIP Member, author of the bestselling books “Blockchain: A View of Quantum Wealth” and “Blockchain: From Digital Currency to Credit Society”.

First experience in starting a business, from peak to bottom

In the 90s of the last century, the Internet was just emerging in China, and the wave of going out to sea and the entrepreneurial culture gradually became popular. Han Feng, who is currently studying for a PhD in quantum mechanics in Tsinghua, also joined the wave of entrepreneurship.

He founded Yunzhou, which is said to be “almost the first O2O education website in China.” His annual income in 1998 was 1/3 of New Oriental, the most popular study abroad institution at the time, and he soon earned the first pot of money in his life.

Han Feng later fell into a period of confusion in his life. He was no longer able to feel the excitement of being a business. He thought he still liked to study quantum mechanics, and Yunzhou began to go downhill continuously. In 2013, Han Feng was only able to endure the pain of reselling the company at a low price. He also owed a huge debt. At the same time, he was forced to get divorced, and had to leave the villa for his daughter and ex-wife.

Han Feng once described his difficulties at the time: the standard for finding a hotel in Zhongguancun was “no more than 100 yuan a day”; “I went to Tsinghua during the day to have great exchanges and a hotel where I slept for 100 yuan at night”; “I was hesitant to buy a high-speed rail ticket due to financial difficulties at the time.”¹

There is no way to go back and forth between mountains and water, and yet another village is revealed in the dark

Han Feng, who is almost 50 years old, went back to Tsinghua to study quantum mechanics with his mentor Zhang Li. By chance, he listened to a speech by Deng Di, a Tsinghua alumnus and chairman of Taiyiyun, about Bitcoin, which stimulated his interest in Bitcoin and blockchain.

He was interested in being the best teacher. Afterwards, Han Feng began teaching himself Bitcoin knowledge online, studying Satoshi Nakamoto's Bitcoin essays, and actively participated in various lectures. Coupled with his background in quantum mechanics, he soon formed his own knowledge framework.

At a party organized by Tsinghua alumni, Han Feng explained Bitcoin to everyone as the keynote speaker, which was well received. He was greatly encouraged by this. He continued to explore the underlying logic of Bitcoin and blockchain. He also asked Professor Tsinghua and cryptography expert Wang Xiaoyun about cryptography knowledge, and wrote an article based on his own understanding, making it a must-read Bitcoin introductory science article for many people.

Coupled with his humble personality and his own intellectual system, Han Feng gradually became a well-known evangelist in the community. Some people were willing to pay 10,000 yuan to give him a lecture on Bitcoin and blockchain at Beijing's famous Wudaokou School of Finance; Okcoin's Xu Mingxing invited him to work as a consultant for three years; how appealing was Han Feng's speech? At one point, he taught quantum mechanics and Bitcoin at Chaos University and received more than 50,000 red envelopes in rewards from thousands of students! You need to know that Zhou Hongli, the founder of 360, which was already very successful at the time, received more than 10,000 at Chaos University。²

These reactions made Han Feng more firm in his choice, and quantum mechanics+blockchain will definitely be widely recognized.

As Han Feng's influence in the community gradually expanded, in May 2014, he registered DACA (Digital Assets Coalition Asia), the first private blockchain data asset association in Hong Kong with Liao Xiang, Yang Linke, and Hu Hongjie. Han Feng has raised 300 bitcoins for DACA, and has regularly held free DACA blockchain technology open courses for the industry, and has held blockchain lectures at nearly 100 universities in China.

A thousand dollars have been lost and come back

2015 was the darkest hour for the Bitcoin market, but Han Feng still has a firm belief in Bitcoin. He bottomed out Ethereum and waited until it rose 7 times, then sold it in exchange for 200 bitcoins, and waited for the bull market to arrive.

In the same year, Han Feng invested in NEO (Little Ant). The highlight of the Little Ant project is the use of blockchain to solve the equity problems of startups. Han Feng believes that this market has unlimited potential. Because he knows the financing pain points of startups, he spared no effort to promote and give speeches for Little Ant. Later, the news that Fuxing Capital wanted to invest also caused Little Ant's value to skyrocket. Thanks to the trend of the 2017 bull market, the price of Little Ant soared from less than a dime to 65 yuan. Han Feng sold all the coins in his hands and earned nearly 700 times the profit... This beautiful turnaround gave him financial freedom.

But he later invested most of his earnings into starting a business.

The price of Little Ant once rose to around 1,400 yuan, but Han Feng didn't notice a loss. He realized the key to Little Ant's success: the global community.

Little Ant's international community was very successful. Allegedly, many foreigners called them Chinese Ethereum. 30,000 fans helped them write low-level modules and participated in open source software development. The community played a major role in Han Feng's entrepreneurship process once again.

Set out again for the sake of faith

Money has never been the ultimate goal Han Feng pursues, even though he has achieved it. In his spiritual world, quantum mechanics is an eternal white moonlight, and blockchain is his belief. Han Feng wants to establish a new worldview, combining distributed systems with quantum mechanics. Only a decentralized organization and non-location-based distributed node system that conforms to computational thinking and follows the rules of unified algorithms can truly achieve Adam Smith's global free market.

Chen Rong, a tech tycoon who has been deeply involved in computer operating systems and programming models for more than 30 years, always wanted to be a decentralized operating system to replace Windows. When he met Han Feng, who used blockchain as a lifelong belief, it seemed like a dream reflected in reality. Han Feng's theoretical beliefs also found the cornerstone of practice. The two hit it off. After many discussions and exchanges, Elastos (elastos) was founded in September 2017.

Yilaiyun is an open source software system that can protect digital content well and privacy from being leaked or stolen; blockchain issues IDs (warrants) for digital content to confirm digital content property rights and tradability. The combination of the two provides an economic foundation for “private property rights” for the Internet in the information age. It is only possible to generate an economy and develop productivity on the basis of clear property rights.

A huge driving force for Yilaiyun to truly enter an international perspective is Han Feng's persistence in the global community. On December 1, 2017, Yilaiyun's Meetup hosted by Little Ant and Stellar in Silicon Valley was a complete success.

Han Feng said that at the time, more than 300 people visited the 150-person site. Some flew over from Europe, others drove for several hours, and some just took a group photo with Little Ant's Da Hongfei. This is where the strength of the community lies.

The next day, Han Feng and other celebrities attended US President Trump's breakfast meeting. In the same year, “Blockchain: A View of Quantum Wealth”, edited by Han Feng, won the “2017 First Financial Book of the Year” Popular Book of the Year award.

After returning to China, Han Feng continued to work to expand the influence of the community. Also, Lai Yun, Wu Jihan, and Da Hongfei held a G3 forum in Tsinghua, which was co-organized by the Tsinghua Digital Currency Research Association. Group photos of several celebrities spread all over the global community, and Lai Yun quickly became the most prominent star project in the industry.

In February 2018, Yilaiyun ELA went live on Huobi.ELAThe crowdfunding cost went all the way up from 30 yuan to 600 yuan.

Caught in a scandal and not changing the original intention

Various unfavorable rumors have also been revealed. First, Binance disqualified the ELA listing on the grounds of cheating and illegal ticket swiping. What is even more shocking is the “White Paper on Human Rights Protection” circulating online. Investors have broken down Yilaiyun's eight deadly crimes.

Han Feng said in an interview that the ups and downs of the capital market cannot be controlled by individuals. He acknowledged that unlocking the ELA plan early by the team was a failed decision, which brought bad results to both investors and project parties. But what he is most disgusted with is white paper-like money-making. Rumors circulating on the internet about him throwing coins to buy American luxury homes are born out of nothing. His life in the US is very simple. He doesn't have a so-called luxury house or car, but he is constantly doing research, study, and speeches.

He said, “Just be fair to your conscience, apologize if you did something wrong, and then keep doing things. Just believe in the right direction and find a path that can be achieved to ensure that it can be achieved.”³

Since this year, the price of Yilaiyun has been hovering within 20 yuan, falling by more than 90% compared to its all-time high. However, in March, Yilaiyun ranked 38th in the world on the Microsoft Github blockchain project code update list.

GreenPass, recently developed by the YunDAM team, has been launched on the Global App Store and is being piloted in an American clinic. The app uses Elastos DID sidechain technology to record information such as users' nucleic acid tests, body temperature, and trip history, and the team continues to optimize and improve.

Han Feng firmly believes that their project is a real practical project. The implementation and commercialization of the operating system is a very complicated process. It is also a very complicated process. Laiyun has just been established, and it will take a long time to achieve his vision.

Just like Bitcoin, although its founder has always been a mystery, its underlying ideas are being recognized by more and more people, and it is slowly forming its own narrative. Han Feng had a conversation with former Federal Reserve Chairman Greenspan about Bitcoin. They all believed that Bitcoin was a countermeasure of the global free market against the lack of a gold standard in the fiat currency issuance mechanism.⁴

Han Feng hopes to establish a set of theories to explain financial phenomena such as quantum mechanics and digital currency in the future, and also hopes to donate most of the money he earns to schools and cooperate with universities to promote their progress.

Recently, Han Feng is also preparing to publish his new book “Blockchain Wealth Theory”. The theme of this book is “Wealth is not a thing; it is a global credit consensus,” and this sentence was also included in his Weibo profile. He believes that China hopes to contribute to humanity in the next era of wealth consensus. If completed, it will be the greatest contribution China can hope to make to humanity in the future.⁵

Rome wasn't built in a day (Rome was not built in a day). Achieving faith requires constant effort. Han Feng is always on his way and never gives up.

References:

1. Babbitt: From Unable to Buy a High-Speed Rail Ticket to Financial Freedom: Blockchain Evangelist Han Feng and His View on Quantum Wealth - Cone of Light Special

2. Babbitt: “8 Questions” Han Feng: I am convinced that the next round of the bull market will be on the cusp of digital privatization

3. Comparing BitPushNews: Han Feng, co-founder of Yilaiyun: I see the future

4. Comparing BitPushNews: Bitcoin's rebound will be the fastest and fastest, and the bull market will definitely arrive next year

5. CR Pioneer Information: Han Feng was a guest at the Golden Finance Open Course to discuss blockchain national wealth theory

Author: Mary Liu

Picture Source: Internet

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