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This is crypto. Gen X and gen Z types with bags full of other kids' funny internet money. Completely novel stuff done by novices. Unregulated, shady as fuck at times.

It's really strange how familiar this is with regards to some Chinese business people/management etc. One doesn't want to make generalisations, but I, along with many others, have been on the short end of the stick working for/with people who jump onto something if there's just the slightest mention of money. In my three years of working in China, there's been this common trend of excessively focussing on short term profits without any prior knowledge of the market or the resources required for effective management, implementation and co-operation. I don't know a lot about Justin Sun, other than he worked for Ripple and called his own cryptocurrency a sh*t coin. But I just don't feel surprised by his actions.

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