Teacher Li Issues LI Coin, Triggering a Wave of Distancing in the Dissident Circle

Recently, with the launch of the digital currency Meme Coin LI coin by Li Laoshi, the biggest V in the overseas Chinese anti-establishment circle, a wave of dissociation is sweeping through the anti-establishment circle.

Teacher Qing Si, who claims to be an anti-China activist and discusses governance and politics, issued a statement at the first opportunity, claiming that he was withdrawing from the circle and would not be responsible for any future incidents (in essence). However, he later deleted this tweet and continued to post various comments under Li Laoshi's tweets.

After Teacher Qing Si, Huang Yicheng, who likes to emphasize that he was on Urumqi Middle Road in Shanghai and held up a white paper, and a true participant in the White Paper Movement who provided information to Li Laoshi, published a long article about dissociation. In the article, he said: “I apologize to the public and the community for my past remarks praising Li Ying and deifying Li Ying. I implore everyone to understand that the 'Teacher Li' I knew in the past was a sincere, gentle, and kind person, but now he has been corrupted by immense mental pressure and financial temptation. He is no longer the person I knew.”

“This White Paper Movement was not just yours, Li Ying. So many people were beaten, arrested, disappeared, tortured, and their families harassed. People sacrificed their entire lives from their twenties, which led to the White Paper Movement's popularity in the world, and thus to your over a million followers. Li Ying's attention was earned by so many people who shed blood and sacrificed for their ideals, and you turned around and ate hot human flesh buns!” Xiao Cui, who covers current affairs and finance, posted a “Solemn Statement from this channel regarding Li Coin, any NGOs, and government funding” on her channel. She also screenshotted her farewell conversation with the Li Coin team in a group they both joined. She said: “Regarding this Li Coin matter, it is a procedural injustice, like opening a casino. If you say that I opened a casino to oppose the Communist Party, then it is justified, which I cannot accept… We have different paths and cannot plan together. I wish you all success in your anti-communist endeavors!”

Regarding the mention by the Li Coin team of Zhenshi Huangmo, who provided editing assistance, he also responded on his YouTube channel. However, he did not distance himself as much as Xiao Cui. He simply stated, based on his personal experience with cryptocurrency trading, “I do not recommend anyone to buy it,” which is equivalent to a disclaimer. Nevertheless, he generously expressed his gratitude for the editing assistance.

Of course, this incident has also brought former enemies together.

For example, Bobo OC, who used to curse “Wang Zhian is a big idiot,” later fawned over Wang Zhian on his show, causing widespread ridicule online. However, he later stated that the post was a copy-paste of Li Dang's content and that content that is copied and pasted without attribution cannot be considered his own and he is not responsible for it.

Bobo OC's actions then led to his former brother, Tuo Jiang Ye Gou, dissociating from him.

In response to this, we also interviewed Fanzei.net netizen James Fong, who said: It is normal for divisions to exist within a community. Differences in ideas can be discussed, but resorting to