Li Xiong: Sharing your good ideas with your peers is more conducive to development

Ideas are like fish. You don’t create fish, you catch them. You want ideas to appear like bait in the water. You can catch ideas from daydreams or draw inspiration from certain places. If you think that a certain place will limit your ideas, then you have to walk out of the door and take a look at the outside world. - David Lynch, director of "Mulholland Drive".

In recent months, I have frequently visited and received friends in the same industry, including OKCoin, Bixin, Yunbi.com, Shenyu, btctrade, Bitcoin China and other peer companies. At the same time, I also received visits from Bixin, Yuanbao.com, Jubi.com, BTC123, Erbao and others at the Shenzhen headquarters. I have gained a lot from the exchanges. Nowadays, more and more companies are involved in the Bitcoin and blockchain industries. No one wants to miss effective information. It is so important to obtain important information. As one of the industry information exchange centers, sosobtc has become more necessary to share ideas with peers. However, understanding what to share and what not to share is a skill we should master in the sharing process. (If there is anything wrong with the following ideas, please feel free to communicate!)

Keeping good ideas secret is a subconscious behavior of every entrepreneur, but in recent years, some entrepreneurs have begun to change. I learned that Tesla CEO Elon Musk refused to apply for patents for Tesla's hundreds of innovations. He believed that doing so would make the electric vehicle industry develop faster and better, which is also a reflection of the open source spirit.

Therefore, although we have been engaged in the digital currency industry for many years, we are still in the starting stage like many of our peers. We are well aware of the difficulties faced by our peers in starting their own businesses. Whenever sosobtc has some good resources and good ideas, we are willing to share them with our peers, and we believe that this will be more conducive to the development of the industry ecosystem.

Every entrepreneur in the early stages of a business knows that it is very difficult to figure out a business model. Sometimes there is a gap between a good idea becoming a business project, and then being tested by the market, and then becoming a reality. Some good ideas even require your business partners to work together to promote them and make them the best. If you can meet some reliable companies or individuals, you should share your good ideas with them.

For example, recently sosobtc and BTC123 shared and communicated about industry trends and development prospects. We talked about the cooperation between the two sides for seven hours, and explained our respective business development and strategic positioning in order to establish more cooperative relationships in the future. The result is of course a win-win situation, which is how business should be.

But I would like to talk about my personal thoughts on some things. Any business has risks, and the same is true for two-way cooperation. I advocate putting aside prejudices and boldly sharing ideas of both parties. This is also for the development of each party's business and to avoid wasting resources due to excessive competition. However, when sharing ideas, we should ensure that we can get the best return from the cooperation.

Therefore, it is worthwhile to share good ideas, because keeping it in your own mind will hinder its realization, and you cannot control and understand all aspects of this good idea. If there are collaborators to promote it together, it is possible to improve this idea better, such as the APP trading function based on sosobtc that we recently promoted with Yunbi.com (launched recently). In addition, your partners may have had the same or similar ideas for a long time, and have even started working on the idea. If you still choose to move forward alone at this time, you will face more competitors. From this perspective, sharing your good ideas with peers will be more conducive to development.

Finally, I wish you success in your business, and I also wish the “Global Blockchain Summit Forum” hosted by BTC123 Chengdu a complete success.