Big audience

Gao Xiaosong, songwriter, and chairman of Alibaba Entertainment Strategic Committee, recently endorsed bitcoin and cryptocurrency on his online talk show – which receives an accredited viewership of more than 850 million worldwide.Gao Xiaosong stated that “The essence of currency is not gold or silver, but lies in social consensus. It is exactly currency if it has exchange value. In this sense, I cannot get clear why so many people criticize virtual currency, (after all) currencies at the very beginning are virtual.”

That is a big viewership.  He is promoting sandbox, but gets one thing wrong.  Social consensus really means, flow is a bit congested and thus marked to market. We auto price at the no arbitrage layer.