Bobby Lee is the co-founder of BTCC (formerly BTCChina), the first bitcoin exchange in China and the leading bitcoin financial platform worldwide.Before BTCC, Mr. Lee was Vice President of Technology for Walmart's e-commerce business in China. Previously he was the CTO of SMG BesTV New Media, the largest IPTV operator in China with the most subscribers globally. He moved to Shanghai in 2007 and started off at EMC’s China Center of Excellence, as Director of Software Engineering, with responsibilities for Cloud Computing and Cloud Storage.Mr. Lee started his career in Silicon Valley as a software engineer at Yahoo!, and led the development of the earliest online communities. He graduated from Stanford University with B.S. and M.S. degrees in Computer Science, and was a member of the Mayfield Fellows Program. He earned an EMBA degree from CEIBS in China.Mr. Lee currently serves on the board of Bitcoin Foundation, a non-profit organization that fosters the adoption of bitcoin globally. In his spare time, he enjoys traveling, photography, watching movies, and playing poker.View the profile
About the talk
Hello. Let's see if my mic is on. Let me give it a short talk presentation, about my new startups called ballet. Let's see if we click through. All right, we need to slides. How's everyone doing at CVS this year? This is the first DS for a new decade. All right, making cryptocurrency accessible for everyone. So I've been in Bitcoin for coming up 9 years now. Since 2011, and I'm still my last company. Two years ago, coming up this month. And year ago, I started this new company called ballet, revealed our wallet in
September, and our mission is to enable mass-market option to make cryptocurrency accessible to everyone. So essentially I talked about this over the last nine years, I've had a unique perspective to see a lot of the difficulties of Ordinary People. Especially new users. Their difficulties in buying using and storing Bitcoin. So in my mind, what the best used case with Bitcoin over the last decade has been Bitcoin as an investment, how many of you here Bitcoin as an investment. A lot of hard work is right and I plan a whole Bitcoin
not just for another few more months with a few more years maybe even decades longer. OK and I want to help my friends and family and all people in the industry and outside of our crypto industry to hold Bitcoin. And one of the hardest problems that people face is how to store it easily. For the newcomer for the average person. So our mission is to make cryptocurrency accessible to everyone and we have a hardware physical wallet that want to show you what's a great wallet for Mass adoption. Essentially, it's always a trade-off between convenience and security things that are very,
very secure. Super multiple levels of locks and passwords and backups are quite inconvenient. Over the last year, after I sold my company. After 2 years ago, I sold my company. I spend a year sabbatical, traveling the world talking to people giving speeches. And I encountered a lot of users ordinary uses having a lot of trouble with their wallets. I even purchased half a dozen or dozen Ledger Nano wallet and gave it to my friends and they had great difficulty using it. So can we have a solution? That's more convenient. And that's
what we explored with ballet. These are the four broad categories of walls. Today desktop wallets web wallets mobile wallets Hardware wallets and also custodial Services. Eyewear Company Store your Bitcoins for you these account-based. So the difficulties from the Casual user, the setup process is very complicated, very technical There's no she need to backup your sees you recover. See, tell me if you have back of the recovery seeds. Have you heard of this phrase? Yeah. Does passwords in passphrases, have to change it PIN codes, and all that. The easy to forget happened to me once to a last
month. I forgot the pin to my ledger Nano and I had to reset after three tries. So they're secure chips, what they call really secure chips, but why this only firmware upgrades why are there so many bug fixes? If it's supposed to be so secure and there's any more firmware upgrades and more bug fixes down the road Bluetooth. NFC. Electronic components did not very reliable. What happens when you change phones new pairing process? Electronic compatibility issues. So is there a better wallet for Mass adoption? That's simple and elegant that's what we chosen in ballet.
So what does kind of want to be possible? Easy safe for anyone any age, any background? There's no setup. We create a wallet that has no setup. No complicated, backup procedures at all. You get to call you private Keys, 100% offline, Cold Storage, your keys, your Bitcoin. Multi-currency support. Bitcoin erc20 stablecoins, no Hardware headaches. Okay non-electronic no Hardware takes no firmware upgrade no battery issues. No pairing, there's no future. Compatibility issue. Great you are multilingual. Support, inexpensive and reliable and what we have is, yes, the answer
is yes, we can make this. This is called a real Bitcoin wallet. It's a fancy fancy paper wallet. Wear There's the private keys on there. This is actually the world's first non-electronic, physical wallet, giving you 100% offline storage. It's made in the form factor of a credit card, made of stainless steel. Almost indestructible. And it has a private key on their. This means that you will always have access to crypto regardless of my company and our situation
is considered essential solution. I made this party for my friends and family so they can forever hold their cryptos. Because many of you hold your crypto exchanges on Kasota solution and you always at their Mercy about what you can withdraw, how much you can withdraw per day. What if you change, your passport gets upload new kyc information, but you have your private key, okay? Multi multi crunchy support, more coins, coming soon and you really keep it safe. Just don't reveal the past. The private key is encrypted private key underneath the sticker and there's also an encryption
passphrase. That's laser etch on the bottom underneath the scratch off. So, by having these two factors that makes a really secure and we actually manufacture this into countries, it's probably made in China partly made in the United States right here in Las Vegas to Pieces. Never come together this week, all the two-factor T generation, Uses the bip38, open standard for the two faculty generation it, suitable for everyone as gifts for casual users users. I hope you guys give it a try. Come to our booth downstairs to levels in the digital money
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