“Is Cryptocurrency a Fad or for the Future?” Anndy Lian Shares with Wealth Secrets Community

“Is Cryptocurrency a Fad or for the Future?” Anndy Lian Shares with Wealth Secrets Community

Join Anndy Lian and his hosts to talk about “Is Cryptocurrency a Fad or for the Future?”. The event will be held on 16 September 2020, 1 pm GMT on Podbean and Spotify.

Some topics are:

Can you brief us about cryptocurrency? Is it different from BlockChain Technology?

Is any digital currency a cryptocurrency? What are stable coins?

  1. Who are the major players of the crypto market?
  2. Why the hype about cryptocurrency? Is it worth it?
  3. Bitcoin went from being worthless in 2008 to $1,000 in the span of three years, before dropping to a low of $250 in just a few months, then rising meteorically to nearly $20,000 in 2017, and plunging to historic depths yet again just a few months later. With such volatility, is it really a safe haven as they say? Compared to gold?
  4. What are the major factors hindering the mass adoption of cryptocurrencies? How long do you think it’s going to take for cryptocurrency to be accepted in the mainstream?
  5. Looking at the cryptocurrency timelines (From Nakamoto, The world’s largest Bitcoin exchange, Mt.Gox, went offline declaring bankruptcy. Theft and scam concerns emerged. And recent scam activities associated, do you think cryptocurrency over fiat currencies is safe?
  6. How is cryptocurrency solving the problems associated with fiat?
  7. With the government of different countries having different attitudes towards considering cryptocurrency as a legal tender, people unaware of its mechanism consider it to be a risky investment. What could be the next major milestones for cryptocurrencies?
  8. Should crypto be taxed? What are some regulations that you think may not favour cryptocurrencies going forward? How can the government and policymakers help preserve and stabilize the crypto community?

 

 

Updated on 16 September 2020 with LIVE Youtube recordings:

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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Anndy Lian To Moderate at the CABA ASEAN Summit 2020 on Technology Adoption & Investment Trends

Anndy Lian To Moderate at the CABA ASEAN Summit 2020 on Technology Adoption & Investment Trends

Anndy Lian, Advisory Board Member of Hyundai DAC will moderate a Panel Discussion at the CABA ASEAN Summit 2020 on 16 September 2020. Together with the panellists, they will be talking about technology adoption & investment trends and in particular on artificial intelligence and deep tech.

We will cover the following topics:

> Transformation of business technology – Opportunities, risks, and solutions
> Liability for artificial intelligence – Who is responsible
> Playing catch up – Regulation vs technology: The legal issues
> Creations and inventions by artificial intelligenceWho owns them?
> Ethical artificial intelligence – How do you prevent artificial intelligence from being misused?

You will also be hearing from:
> Dr Andrew Wu, Founder & Chief Executive Officer, Meshbio Pte Ltd
> Sheeram Iyer, Chief Executive Officer & Founder, Prisma Global
> Stephen Ho, Group Chief Operating Officer, Skylab Group

6th RHT CABA ASEAN Summit, with the overarching theme of “ASEAN – Dynamic Capabilities” delivered on a hybrid format on 15-16
September 2020, from 10am to 1:30pm.

This year, we are introducing a new component to the Summit centred on the China-ASEAN Business Alliance (CABA), a platform to promote business ties and collaboration for the China and ASEAN region. A series of insightful CABA forums will be held in the lead up to the Summit.

In 2020, Covid-19 wreaks havoc in all aspects of our lives globally. The health of the world’s population, economy and environment takes centre stage as organisations grapple with an increasingly volatile, uncertain, complex and ambiguous environment. The Summit’s focus on harnessing dynamic capabilities aims to deliver insights that will help businesses and organisations thrive during challenging times. The specially curated programme will dive into sustainability and the environment, healthcare, technology and intelligence. Up to 250 C-Suite Executives, ASEAN business leaders and industry professionals from various economic sectors are expected to attend. Past summits have also attracted the attendance of the diplomatic community and numerous Ministers as the guest-of-honour.

Join them on this 2 days conference,  Minister Edwin Tong, Minister for Culture, Community and Youth and Second Minister for Law will also deliver his keynote speech.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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Anndy Lian Speaks to Bobby Ong, co-founder of CoinGecko on Blockchain, Cryptocurrencies, DeFi & beyond

Anndy Lian Speaks to Bobby Ong, co-founder of CoinGecko on Blockchain, Cryptocurrencies, DeFi & beyond

Blockcast.cc: Dear Bobby, this is Anndy Lian, I am a governmental blockchain advisor, book author and most recent Board Member of Hyundai DAC. We have in fact met very briefly in Malaysia during one of your meet-up. Good to hear from you again, can you give an introduction of yourself?

Bobby: Sure! I’m the co-founder of CoinGecko, an analytics platform for tracking cryptocurrencies and blockchain assets. CoinGecko was established in April 2014 and is the largest cryptocurrency data aggregator in the world.

CoinGecko provides comprehensive information derived from thousands of data points such as price, trading volume, market capitalization, developer strength, community statistics, and more. We currently track over 7,000 tokens from more than 400 exchanges.

Blockcast.cc: Tell us how you started CoinGecko?

Bobby: I met my co-founder, TM Lee in 2013. We were both interested in Bitcoin and were trading some alternative cryptocurrencies. We wanted some additional data such as community and developer data that was not available anywhere else. We decided to track these data on a website and make these data available for other people as well. This was how CoinGecko got started.

 

Blockcast.cc: What is your vision and mission for CoinGecko? What do you aim to
achieve in the long run?

Bobby: Our mission is to empower the cryptocurrency community with a 360-degree overview of the crypto market. We believe that in the future, anything of value that can be tokenized will be tokenized. We are building the infrastructure needed to track this decentralized future where we will have millions of tokens trading in the world and we aim to help traders get the relevant information for these tokens.

 

Blockcast.cc: I have openly commented on how the metrics do not work well in today’s context where many of the projects/ exchanges washed their trades. How do you see this? How can this be improved?

Bobby: Yes, we used to sort exchanges by trading volume. However, by early-2019, we started noticing that many exchanges were conducting wash trading and faking their trading volume numbers to appear larger and more liquid than what they actually are. We were not happy that the results for exchanges were no longer accurate and felt a deep responsibility to our users not to divert them to these small exchanges faking their volume.

Thus in May 2019, we introduced an algorithm to rank exchanges called Trust Score. This algorithm looks at multiple metrics for exchanges such as bid/ask spread, orderbook depth, web traffic estimate, exchange API quality, AML/KYC compliance and cybersecurity practices to give a holistic overview of each exchange’s quality. Exchanges are graded on a 1-10 scale and many of the exchanges conducting wash trading were no longer ranked at the top on CoinGecko.

 

Blockcast.cc: How is your ranking metrics compared to other similar platforms?

Bobby: We were the first crypto data aggregator to move away from ranking exchanges using trading volume. We saw how this metric had been manipulated by many non-regulated exchanges and introduced Trust Score to look at other liquidity based metrics.

Our metrics take into account several factors mentioned above such that it is holistic and robust. It does not use anyone single factor that can be easily manipulated by exchanges. We are also constantly looking to improve Trust Score and have done a few improvements since our launch.

 

Blockcast.cc: Will there be a chance that CoinGecko will transform into a wallet or an exchange? If no, will the group most likely to invest indirectly into the ecosystem?

Bobby: We view wallets and exchanges as our partners and have no plans to offer either of the above services for the time being.

If there are interesting opportunities to invest, we may consider it on a personal capacity as CoinGecko does not currently invest in any companies directly.

 

Blockcast.cc: What is your personal opinion of the blockchain and crypto industry? What is the future like?

Bobby: We view the blockchain and crypto industry as a multi-decade growth industry similar to how the Internet industry was in the early-1990s. There are tremendous opportunities offered in this space. It is still very hard for the average person to use crypto apps and as these apps get easier, faster, cheaper to use, it is expected that the mainstream audience will start using them and fuel growth in the years to come.

Blockchain and crypto industry offers permissionless innovation and there will be many interesting protocols and applications launched in the future. We view a future where there will be millions of tokens and we are building the foundation needed to support this future.

 

Blockcast.cc: How do you see Bitcoin, do you think Bitcoin will go to a value of $100,000 per coin like some said?

Bobby: Yes, I don’t see why Bitcoin will not go to $100,000 in the next few bull runs. Can’t tell when but eventually in the future. Bitcoin’s price is highly speculative by nature.

 

Blockcast.cc: Apart from Bitcoin, can you name 5 more coins that you see huge potential?

Bobby: I am particularly interested in seeing how Ethereum will perform as most of the innovations are coming on top of the Ethereum platform such as Decentralized Finance.
I am also interested to see how exchange tokens such as Binance Coin perform. Will it evolve from a fee-burn model or convert into some sort of governance model in the future.
I am also paying some attention to governance tokens such as Maker, Kyber and Compound. These governance token models will probably be something that will be adopted by many token teams in the future.

 

Blockcast.cc: Please share an inspiring quote for our readers.

Bobby: I like this quote by Tony Fernandes, CEO of AirAsia:

“Believe the unbelievable, dream the impossible and never take no for an answer.”

 

Blockcast.cc: Tan Sri Dr. Fernades is indeed an inspiring legend in the South East Asia Market. I have the honour to meet him in Singapore over dinner many years ago. He is an industry changer. Thanks for your time Bobby. Your insights are great. Keep up the good work for the crypto industry. 

 

 

 

Original Source: https://blockcast.cc/interviews/blockcast-cc-in-conversation-with-bobby-ong-co-founder-of-coingecko-believe-the-unbelievable-dream-the-impossible-and-never-take-no-for-an-answer/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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Anndy Lian to Speak at RHT RMF GAIL Sustainability Forum 2020

Anndy Lian to Speak at RHT RMF GAIL Sustainability Forum 2020

I will speak at the RHT RMF GAIL Sustainability Forum, happening online on 28 August 2020 on Sustainability & Blockchain. Ms Grace Fu, Minister for Sustainability and the Environment will be Guest-of-Honour and the Keynote Speaker for the virtual forum. See you later this week.

Many companies are under the microscope for struggling to prioritise sustainability in their business and operational strategies. Being at the forefront of sustainability is not only about excelling at compliance and reputation building, finding market opportunities, and meeting growing consumer interest in sustainable practices.

At the heart of sustainability leadership and development in every organisation is a culture that creates a lasting, tangible impact on our society. But what are the top business practices that are shaping corporate sustainability and reaching its targets today? Learn about these determinants and more at the RHT RMF GAIL Sustainability Forum, happening online on 28 August 2020, Friday 2:15pm to 5:15pm.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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Quick AMA with Anndy Lian on DeFi at Asia Blockchain Community

Quick AMA with Anndy Lian on DeFi at Asia Blockchain Community

 

Blockcast.cc: Thanks for the time everyone. Today at Asia Blockchain Community, we want to answer some of your questions on DeFi since we have several AMAs in the past one month. Drop your questions now.

Anndy Lian will try to answer them. Anndy Lian is an intergovernmental blockchain advisor. His latest appointment is the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. Hi Anndy. 

Anndy Lian: Thanks, sorry I had limited time today. I will try to take on 3-5 questions.

 

 

Questions from the channel (https://t.me/Blockcastcommunity): 

Shuja Hashmi, [14.08.20 19:43]
DeFi is one of the hottest topics in the blockchain space right now. Do you think DeFi will disrupt the existing financial system?

What are your expectations in the future implementation of the Blockchain Technology? In what way will the average person be influenced by Blockchain?

Jack ♥️♥️♥️, [14.08.20 19:43]
What is the transparent part of the token

Jack ♥️♥️♥️, [14.08.20 19:44]
Can we stake credit and the other token ??

Abid Rana, [14.08.20 19:44]
Defi is taking the market, are not people running behind making their investments double instead of solving real-world problems?

❤❤❤Momma Apple💛💛💛, [14.08.20 19:44]
Give Insights on DeFi market and future opportunities.

Jenny Zheng, [14.08.20 19:45]
Guys, Q&A will not be relating to PROXI, can ask anything relating DEFI

Jack ♥️♥️♥️, [14.08.20 19:45]
What major part will solve it DEfi ? What is ETH difference with this

Jack ♥️♥️♥️, [14.08.20 19:45]
Is Defi is full transparency and full secure..?

♥ #Ms khate 💛👈, [14.08.20 19:46]
With the emergence of new cryptocurrencies, utility tokens what can #defi project offer to the investors and coin holders in terms of the sustainability and stability of this platform?

Jenny Zheng, [14.08.20 19:46]
we will close the floor till 19:50 🙂 then Mr. Anndy will start to answer

Jack ♥️♥️♥️, [14.08.20 19:46]
How Defi can impress new investors in Cryptocurrency?

♥ #Ms khate 💛👈, [14.08.20 19:47]
How does #defi project provide real-world data to smart contracts?

Jack ♥️♥️♥️, [14.08.20 19:47]
Did Defi is good in a real lifetime,?

❤❤❤Momma Apple💛💛💛, [14.08.20 19:47]
Give Insights on DeFi market and future opportunities.

Shuja Hashmi, [14.08.20 19:47]
What is future Of DeFi project’s after YAM Scam? How average person will gonna Trust on DeFi Projects?

Venkatz K, [14.08.20 19:47]
Is De-Fi is fully Structured or still runs on Trial and Error Method?

Jack ♥️♥️♥️, [14.08.20 19:48]
How Defi can maintain their success? Or it will go down?

♥ #Ms khate 💛👈, [14.08.20 19:48]
Community support is by far one of the biggest factors for the success of a project.
What has the team #defi has planned on increasing the user experience?
How can the community get involved and be a part of your projects?

Abid Rana, [14.08.20 19:48]
#Defi is everywhere, in fact, taking over the whole market which is already in its evolution stage. New people scamming using the defi projects, what do you think will not hurt already shaking the reputation of crypto as it is very easy to be used for terrorist activities

Jack ♥️♥️♥️, [14.08.20 19:49]
Are there big Communities of Defi or small community of every Defi project?

Jenny Zheng, [14.08.20 19:49]
1 more minute 🙂

Jack ♥️♥️♥️, [14.08.20 19:49]
Defi can change real life of people’s to help like in Fiat market?

Jack ♥️♥️♥️, [14.08.20 19:50]
What inspired you about Defi??

Jenny Zheng, [14.08.20 19:50]
floor will be closed

❤❤❤Momma Apple💛💛💛, [14.08.20 19:50]
Q. What are the benefits of Defi project in everyday usage i? How effective will they be if there is a market crush and why?

Jenny Zheng, [14.08.20 19:50]
Mr. Anndy you can start to answer

♥ #Ms khate 💛👈, [14.08.20 19:50]
What was the value of tron in market cap haha

Jenny Zheng, [14.08.20 19:51]
@anndylian

 

 

— Replies —

Question 1: Shuja Hashmi: 

DeFi is a relatively new item and some say it is a fad. But to me, DeFi is giving us a new future to handle finance. So let’s not be unheartened by YAM and give a bad name to the whole DeFi market.

Anndy Lian: 
Whether YAM is a pure error or they do it on purpose, I don’t know. But I do know that if a project pumps too high in a short time, this is not sustainable.

An average person should not invest in DeFi. They should know what is DeFi before putting their hard earned money into it.

Right now it is the bull market (in my own opinion), we need to manage the risk properly. We should not overleverage ourselves and believe that a token could be pumped to 1000% returns.

So if we control our greed, then we will most likely fall into the trap of fake DeFi.

 

 

Question 2: Jack

Defi can change real life of people’s to help like in Fiat market?

This is a double-edged sword.

Anndy Lian:
While many complained about fiat, many love fiat because they know how to navigate in the financial system.

So for a straight forward answer: Yes DeFi will change our lives. CeFi and DeFi are complementary to each other.

So in order for DeFi to make it big, we need more decent projects, better people running them and not let history repeats itself by allowing the traditional banking people to ruin this again.

 

 

Question 3: Mahathi

What about JUSTSwap?

Anndy Lian:
In one of the article where the editor asked for my opinion, I said that ETH is taking the lead and all others are chasing his tail.

This is still the case.

But Tron and its ecosystem may be able to change some of the Defi problems that we are facing right now. Gas fees

If you are into Uniswap and all, you will notice that the gas fees are very high right now.

Well many of us are able to pay it since the possible returns are high enough to cover the cost.

BUT!!!

I cannot accept the fact that when I pay a high gas fee and the transaction still fail.

Imagine each transaction fail will means that we pay around $5 for a fail transaction.

It is not right to charge for fail transactions.

And since it takes time, we lose gas fees and also opportunity cost.

This is a double loss for many of us.

So I do hope to see JUSTswap making a difference in it

 

Blockcast.cc: Thanks, Anndy for his time. Stay on Asia Blockchain Community to learn more about blockchain. See you soon. 

 

Original Source: https://blockcast.cc/interviews/quick-ama-with-anndy-lian-on-defi-at-asia-blockchain-community/

 

About Asia Blockchain Community (#ABC):
Asia Blockchain Community (ABC) is a community that is based in Asia and run by Asian. We know the market very well and is backed by panel of blockchain & crypto experts and influencers. Our mission is to create value for projects & members & educate the general public about blockchain and crypto through the work in our community.

About Blockcast.cc:
Blockcast.cc is a broadcasting news source for the blockchain community. Founded in South Korea and Singapore, Blockcast has a network of contributors in China, Hong Kong, South Korea, Singapore and Malaysia. We have helped global blockchain and cryptocurrency companies reach their marketing, public relations and advertising goals.

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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