Lily Liu, President of Solana Foundation | How Blockchain Enables the Financialisation of Scarcity

And you're telling me really where that perhaps stemmed from was a relatively early experience you had.

I think you'd read a book

around,

I can't remember the title, but communism, what was happening in China, and then Did you, you traveled over there and perhaps if you could tell the story about it?

Yeah, sure.

So, you know, these types of things, uh, I think it takes a while to really even, it takes a while to realize even retrospectively, only retrospectively the impact some of these things have on you.

Uh, so certainly if you were to ask me when I was 10 or 11 or 12, what impact did this have on you? I probably wouldn't have been able to articulate, right.

But in retrospect, so basically when I was nine, I was bored one summer living in California.

and had kind of like read all the books that I was supposed to be reading.

So I started looking for some other ones.

And, you know, those days there's no iPhone or it's limited screen time and TV time, really.

So I read this book, Life and Death in Shanghai.

And it was a lady's autobiography of her harrowing personal experiences during the Cultural Revolution in Shanghai as someone who spoke English and worked at Chevron and was clearly on the wrong side of the social movement at the time.

And so she really suffered.

And it was crazy to read this book because I, I never been exposed to how did she suffer? Oh, she suffered.

Now she was in the Chinese way, right? There are certainly other countries that have gone through revolution and made people suffer in many more deadly ways.

Uh, but in China, at least, you know, it was sort of the gradual removal of privilege property.

kind of extended imprisonment in some form of house arrest.

There's one where she was handcuffed for an extended period of time to the point where she kind of lost nerve.

Today, I think even now she's unable to kind of move her arm past a certain range.

And then also sort of the public embarrassment.

So kind of like the slow, steady, chronic type of, you know, paying for your sins, right? And then at the end of it, her daughter, I think still unbeknownst how, was pushed to died, right? It was said it was suicide and under unclear circumstances.

And so just a lot of that, those types of things happened, right? Being shouted down in public and this kind of mass hysteria that, you know, when you look back in history actually happens more frequently than we think it doesn't.

And so I thought that was so interesting.

And if it was an isolated thing, that would, you know, there's many stories like that of things that we've done to ourselves in these revolutions and in these kind of social movements of hysteria.