Opinion
Xie: Very few crypto projects actually need to conduct token sales
“So a very, very few times is it reasonable, in my opinion, to do a token sale. There's a lot of really great projects that can do decentralized applications or create their own blockchain or whatever, but they don't actually need to do a token sale. They can j…”
Insight
Xie: Privacy coins must have mandatory default privacy to work
“So I essentially think that it needs to be mandatory privacy if you're going to actually have a privacy coin. If it's ever if it's ever optional, you get looked at if you're starting to use a privacy feature, like why are you using this privacy feature? Do you…”
Prediction Not checkable as stated
Xie: Decentralized apps are 3 to 5 years from mainstream adoption
“I think my time span is just a little bit short and maybe like three to five, but I think that there's a lot of scaling issues that need to be solved before anything can go mainstream.”
Opinion
Xie: US security tokens belong under SEC regulation, unlike governance tokens
“If something straight up looks like a security token and you're issuing it in the US, I think that rightfully falls under the SEC regulation.
So I do believe in compliance, and that's actually something I really like about this new protocol, Harbor Protocol, w…”
Assertion Not checkable as stated
Xie: Bitcoin is very easy to trace via counterparty metadata
“And so Bitcoin is very easy to trace and a lot of people give information away about other people. So even if you're being really smart and someone transacts with you, they give away, away information about you.”
Prediction Not checkable as stated
Xie (2018): DEXs and digital collectibles will go mainstream within three years
“Yeah, the two ones that I think will go mainstream are decentralized exchange and probably gaming, something along the lines of collectibles.”
Prediction Held up
Xie: Crypto adoption will take off in unbanked and inflationary countries first
“I think it's gonna be in countries where people don't have bank accounts primarily, and they now need a method of actually storing their own funds or countries where the currency is just getting inflated away, and so the currency is not valuable.”
Opinion
Xie: Overly restrictive US crypto regulation will drive developers abroad
“So right now I think the US is being smart and not trying to be overly restrictive because they'll know that it'll push out a lot of the development, especially let's say if you were to just really be harsh on people that were developing on these projects. And…”
Opinion
Xie: Crypto identity projects are rudimentary compared to traditional finance
“Things like you port and civic, but they're really rudimentary compared to the identity systems that exist in, in like regular financial systems. So I'd really like to see people work on that problem.”
Opinion
Xie: Decentralized governance research presents a massive startup opportunity
“I think there's massive opportunity to really figure out what's the best way to handle governance in a decentralized manner. I think that that's going to be a massive potential.”
Assertion Supported
Xie (2018): 60% of token sale funds are raised in presales
“I saw some stat on that. It was saying like nowadays, 60% of the funds raised in a general token sale is, is actually raised in the presale round.”
