This week on the Humans of Bitcoin podcast host Matt Aaron chatted with Bitmain’s Nishant Sharma who shared his story and mentioned the western hemisphere’s false impressions of China and Bitcoin. During the interview, Sharma conversed about his work with Bitmain, one of the largest cryptocurrency firms in the world, and addressed some of the misinterpretations in regard to people who name Bitcoin Cash the “Chinese Bitcoin.”
The Founding Values of Bitcoin Are Borderless
Bitmain’s Nishant Sharma recently joined the Humans of Bitcoin podcast with Matt Aaron and mentioned his story working for Bitmain. Bitmain Technologies Ltd is a privately owned firm headquartered in Beijing and the largest producer of ASIC chips for bitcoin mining. Sharma was born and raised in India and runs Bitmain’s worldwide PR and group relations technique. The firm was created in 2013 by Micree Zhan and Jihan Wu and Nishant defined throughout his interview that Wu was the first to translate the Bitcoin whitepaper from English to Mandarin. “[Jihan Wu] took the message of Bitcoin to 1.3 billion people,” Sharma detailed.
“The message doesn’t change, the message of Bitcoin might be translated in different languages but everyone sees the founding values of Bitcoin — Its permissionless nature, its trustlessness, uncensorable transactions, and the ability to give everyone in the world the right to transact,” Sharma remarked. “These are the things that attracted Jihan to it as well as anyone else — The language barrier doesn’t change things and it’s exactly why he saw the potential of Bitcoin.”
Misconceptions of Bitcoin Cash, China and the Eastern and Western Crypto Ecosystem
Further into the dialogue, Sharma talked about the variations between Asia and how privateness is considered in a special trend in the area in distinction to the U.S. or Europe. “In Asia people could care less about censorship resistance because privacy is something people start caring about when they have all the basic necessities of life. And they have all the avenues to meet their aspirations,” Sharma stated, including:
Only then individuals begin caring about privateness. I do suppose privateness is a fundamental human proper however of course if I used to be to decide on between having meals to eat or privateness, of course, I might select the former. That’s why individuals in Asia don’t care as a lot about privateness as individuals in the U.S. do.
The two continued by discussing some of the anti-Chinese sentiment that plagues the group at instances and Sharma noticed that it primarily boils right down to the social-political setups between each areas. “Companies in the west because of the social-political nature of the USA and most western economies, they are more outspoken and they communicate more with the audience. But in China, because of the social-political nature of the country, the companies do not act in the same way and the audience often mistakes this as an intentional silence or an intentional effort to be opaque or hide something. Which is not true it is just how things are here.”
Moreover, Sharma additionally reveals how he’s seen that generally individuals suppose that Bitcoin Cash is lower than Bitcoin in some ways simply because it’s thought-about a ‘Chinese version of Bitcoin.’ “I don’t agree with that because it was a hard fork by a collective group of developers from Europe and not from China — And even if you go back long before Bitcoin Cash came into being, the discussion of big blocks started in the U.S. when businesses were suffering because of Bitcoin’s congestion and backlog of transactions.”
If you wish to hear extra of what Bitmain’s Nishant Sharma has to say about the firm and how he acquired into Bitcoin then check out the podcast under. Sharma offers some nice perception into the mining large Bitmain’s operations and how cryptocurrencies are considered in Asia.
What do you concentrate on Bitmain’s Nishant Sharma and this topic? Let us know what you concentrate on this topic in the feedback part under.
Image credit: Shutterstock, Bitcoin.com, Humans of Bitcoin, Nishant Sharma, and Bitmain.
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