🚨 Shi Yongxin, is he actually a person from the cryptocurrency world!? This article comes from the public account: "Liu Hailiang", not my own article, please be aware!

First, let's look at some interesting segments in the article that will leave you amazed—

Shi Yongxin once said at a hotel in Dubai, "Amitabha, it's not that I don't understand blockchain, it's that blockchain doesn't understand me."

The abbot also used the anonymity of digital currency to convert temple funds into Bitcoin, severing the funding chain through a mixer.

There is a legend within the temple: whoever can master Shi Yongxin's cold wallet address will be the next abbot.

There are some S19 Pro mining machines in the temple, managed by a certain Zhang, who previously worked at Huobi, but later retreated into the digital realm due to too many "frozen cards."

On-chain traces, even Buddha finds it hard to save!

Now, before we dive into the main text, here’s a brief commentary from me:

I was greatly shocked after reading this article; it was written brilliantly.

In the previous article, I happened to mention: temples have never been "non-commercial" entities, but rather "commercial organizations packaged as non-commercial"; for thousands of years, Buddhism has constructed a highly predictable psychological economic model through belief tools like "cause and effect" and "merit donation."

The following article is even more brilliant: it perfectly illustrates that Shi Yongxin is not a person from the cryptocurrency world, but he has long lived within the logic of the cryptocurrency world. His operations can be regarded as the prototype of a "blockchain Buddhist DAO":

There is consensus (faith);

There are assets (IP);

There is a minting mechanism (merit donation - NFT prayer beads);

There is a governance structure (the abbot is a super node).

Ironically, he played a "decentralized Western Paradise," but ultimately got trapped in the "immutable cause and effect" on-chain. So I say Shi Yongxin was not assimilated by the cryptocurrency world, but rather lived in a world where "faith equals assets" even before the cryptocurrency world existed.

As for whether the temple is mining Bitcoin as mentioned in the article, or if the merit donation NFTs are true, we cannot know for sure. After reading, everyone can enjoy it for fun, it's interesting!

Below is the main text, please feel free to read if you are interested—

Regarding the Shi Yongxin case, if your point of excitement lies in "not disappointing the Tathagata nor you," then please enjoy the gossip slowly to cool off. If your excitement lies in Z governance, we don't understand that, so let's just offer two T's of admiration. If your excitement lies in economics, then we can chat.

What shall we chat about? Today, I want to discuss the abbot's understanding of blockchain.

I am not mistaken; it is blockchain. The abbot really understands blockchain, truly.

I met the abbot again at a small event of a business association, and during the meal, he was indeed having tea and vegetarian food. After talking about Buddhism and Zen for a while, I don't know how we got onto the topic of blockchain, but unexpectedly, the abbot really understood it. Upon reflection, it’s not surprising; he has discussed paths with Steve Jobs and Zhao Chang.

He mentioned the need to construct a "merit value" model to accurately push high-value believers' meditation camp invitations, converting faith into data. He also said that Shaolin should capitalize on its IP by registering companies domestically and abroad, developing NFT digital prayer beads, and authorizing game skins, which could elevate the valuation of Shaolin's IP to astronomical figures. By the way, I previously did not understand NFTs, and I feel ashamed. Moreover, his ideal is to tokenize Shaolin's intangible assets, achieving indirect overseas listing, not only for financing but also for spreading the Dharma.

He never leaves his Apple products. When he visited Apple's headquarters, he believed "Apple embodies Zen," and proposed using VR technology to restore the temple's scenes, allowing global believers to experience the morning bell and evening drum through digital twins. It seems the abbot's mind is indeed brilliant; these applications, on the surface, are "tools for spreading the Dharma," but in reality, they became the digital infrastructure of the Shaolin commercial empire.

"Shaolin Cloud" is even more mysterious; it seems to be just an application to showcase Shaolin culture, but in fact, it is an on-chain treasury. Users in the app are devout, for example, "offering lamps," "donating," "requesting prayer beads," and behind it all are on-chain financial transactions. Every merit fund will generate a token, and many people overseas are playing with this.

Most people understand Bitcoin at most to speculate a bit, but the abbot has long used Bitcoin.

Moreover, the abbot also utilized the anonymity of digital currency to convert temple funds into Bitcoin, severing the funding chain through a mixer (CoinJoin). He also exchanged fiat currency and digital currency through exchange accounts controlled by underground money houses to evade foreign exchange controls. It is said that Shi Yongxin once said at a hotel in Dubai, "Amitabha, it's not that I don't understand blockchain, it's that blockchain doesn't understand me."

Later, it was discovered that the abbot often transferred assets overseas using digital currency. Once, he transferred a huge sum of government subsidies to Singapore, claiming it was for the construction of a Dharma propagation base, but within three days, it was exchanged for Bitcoin and circulated to multiple wallet addresses, eventually returning several tens of millions under the guise of "mineral procurement funds" from a mining company. He holds shares in several related enterprises, transferring funds from temple tickets, incense offerings, and commercial income into preset accounts before transferring them out under the name of overseas investment. Much of this was achieved using stablecoins or offshore exchanges. After these funds left the country, part of them was exchanged for fiat currency in Dubai, Hong Kong, and other offshore exchanges through USDT or other stablecoins.

On-chain traces, even Buddha finds it hard to save!

After the incident, two mobile phones, a USB drive, and a string of beads engraved with mnemonic phrases were found. What are mnemonic phrases? Beginners must learn about them. The USB drive contained private keys for 18 Ethereum wallets, believed to be worth over 100 million USD. These wallets had participated in multiple decentralized protocols, with profits used to purchase properties in Dubai, apartments in London, and a golf course in Australia.

However, what left the abbot most helpless was that the on-chain records of these assets were clear and unalterable. The Buddha said, "All forms are illusions," but on-chain data is not an illusion. The Buddha must know that every operation believed to be mysterious is a cause and effect.

Even more ironically, when Shi Yongxin was investigated, digital products revealed a lot of information. First, his Weibo account "Master Shi Yongxin" stopped updating without warning on July 24, and the public realized his data chain was broken. Second, after July 23, his mobile signal disappeared from the Shaolin Temple Industrial Building, indicating a proactive disconnection of communication. Third, the seized USB drive recorded a large amount of fund flows such as ticket revenue sharing and martial arts school franchise fees, with the payees pointing to overseas digital wallet addresses.

Thus, there is a legend within their ranks: whoever can master Shi Yongxin's cold wallet address will be the next abbot.

According to those familiar with him, there are some S19 Pro mining machines in the temple, managed by a certain Zhang, who previously worked at Huobi but later retreated into the digital realm due to too many "frozen cards." When entering the country, the packaging boxes of the mining machines were labeled as "religious cultural activity" equipment. No one knows that this mining machine is connected to one of the top ten mining pools in the world, and the wallet address belongs to a decentralized organization related to Shaolin. The year Bitcoin fell below $30,000, a certain temple's basement quietly mined the 1000th coin. At that time, Shi Yongxin must have stood in front of the statue of Bodhidharma, twisting a string of digital prayer beads, silently reciting, "Computing power is the power of will."

A few years ago, a technical monk attempted to steal the address of this wallet but failed. When the technical monk was expelled, he left a saying: "Blockchain is the robe of Bodhidharma, not the cassock." On the day Shi Yongxin was taken away, a netizen commented: "Buddha saves all beings, the cryptocurrency world saves K-lines."

I speculate that in the future, Shi Yongxin's epitaph may read, "I originally wanted to use blockchain to build a decentralized Western Paradise, but unexpectedly, there is also reincarnation on-chain."

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