What better way to start learning Chinese than with a few cryptocurrency terms?
Here is the Link for pronounciations
Why?
- More than 60% of Bitcoin network’s hashrate is located in China and they are not stopping there. [1]
- BCC, China's 3rd largest Bitcoin mining pool, has just launched a Litecoin mining pool. [2]
- The 2nd and 3rd biggest mining pools are now mining Litecoin, both are Chinese.[1]
- China exchanges have $0 trading fees (this is a Chinese off-and-on experiment) [3]
- China holds ~85% of global trade volume [3]
- Antpool
Conclusion
China will be the dominant cryptocurrency economy. They have dominated legacy coin Bitcoin with mining/trading and are poised to dominate growing coins like Litecoin. Learning Chinese will allow you to communicate with Chinese miners, traders, and users.
Estimated fluency Date
Aprill 11, 2019 if you start today [4]. It takes 88 weeks at 5 hours/day to become fluent.
Any missing key terms?
Please suggest them in comments
Works Cited
[1] https://bitcoinworldwide.com/mining/china/
[2]
[3] http://www.coindesk.com/estimating-data-china-real-bitcoin-trading-volumes/BTCC has launched a Litecoin mining pool. Be careful @f2pool_wangchun, your days at the top are numbered! 😂 https://t.co/yqqnoSylPk pic.twitter.com/mptAyBBFsv
— Charlie Lee (@SatoshiLite) July 2, 2017
[4] http://blog.tutorming.com/mandarin-chinese-learning-tips/how-long-to-learn-chinese
I am starting today and welcome you to join me. Talk to you again April 11, 2019 in Chinese.