A tweet from CZ (Changpeng Zhao), a prominent figure in the cryptocurrency circle and former CEO of Binance, has once again ignited community discussions. He mentioned in the tweet:
“I’m not against memes, but these meme coins are a bit ‘weird’ now.
Let’s build real applications with blockchain.”
This was supposed to be a mild complaint about the "meme culture" phenomenon in the crypto market, but the comments section was full of fun. One netizen's amazing reply quickly became the focus: "I suggest CZ go back to jail."
Four Months in Jail: What Did CZ Go Through?
Why do some people mention "jail"? This stems from a piece of history of CZ himself. This year, CZ was targeted by regulators in many countries due to Binance's compliance issues, and was eventually detained for four months in a certain place. This experience not only made him experience the trough of his life, but also gave him a deeper understanding of the industry's legal and compliance issues.
After four months of "contemplation" (or "counting bricks"), CZ resigned as CEO of Binance and took on an advisory role. This move has triggered various interpretations: some say he is trying to avoid regulatory storms, while others believe it is a sacrifice he made to protect Binance.
Today, CZ is already a global cryptocurrency industry celebrity, but that past has become a source of ridicule for netizens. Especially under this tweet, someone made fun of CZ in an exaggerated way, "suggesting that he go back to jail."
Why is Meme Coin so “outrageous”?
Let’s go back to CZ’s original tweet. What he said about “Meme coins being outrageous” actually reflects a phenomenon in the market: Meme coins have gradually moved from being interesting and entertaining to being “blindly profit-seeking” and “meaningless.”
Early meme coins such as Dogecoin also started out as a meme, but with the joint promotion of the community and technology, they gradually became a phenomenal product with both fun and market influence. However, recently a large number of meme coins have been created just to attract attention, and there are even some fraudulent projects, which have undermined the trust foundation of the market. The recent "Pump" incidents have made people wonder whether the craze in the cryptocurrency circle has deviated from rationality. This phenomenon made CZ sigh "outrageous" and tried to get the industry back to the original intention of "using blockchain technology to build practical value."
Netizens play with memes, the unique charm of the cryptocurrency culture
The joke of "suggesting to go back to jail" may seem absurd, but it is a reflection of the culture of the cryptocurrency circle. In the crypto world, memes and culture always go hand in hand:
The "jail" joke was originally meant to mock those in the industry who were repeatedly punished for regulatory issues;
CZ's experience has also become the material for joke writers;
Similar Meme coins and NFT projects have pushed the "meme culture" to the extreme.
But while this comment gained popularity, it also sparked some in-depth discussions. Some supporters said: "CZ's experience has made him more aware of the compliance requirements of the industry, and he complained about Meme Coin for the long-term development of the entire market." Some opponents also believed: "There is nothing wrong with Meme Coin, and the cryptocurrency circle needs such entertainment attributes to attract more people to join."
Entertainment and Technology: Where is the balance point in the cryptocurrency world?
The "outrageousness" of Meme coin actually reflects a problem: Will the future of the crypto industry be more entertainment-oriented or technology-oriented?
CZ’s position is clear: the core of blockchain lies in technical applications, such as payment, decentralized finance, and supply chain transparency.
But another voice believes that Meme coins and meme culture have lowered the industry threshold and attracted more users to the crypto market.
Perhaps, this is not an "either-or" question. The entertainment of Meme coins and the practicality of blockchain are not contradictory. The key is how to find a balance to make the industry both interesting and valuable.
Reflection is also important
Although CZ's tweet and netizens' jokes are a collision of meme culture, what is reflected behind it is a deep reflection on the development of the industry. The future of blockchain not only needs the appeal of meme culture, but also the support of practical technology.
As for the comment "suggesting to go back to jail", just treat it as a humorous creation of netizens. After all, CZ's experience has long proved that he can not only rise from the trough, but also lead the industry in a more mature and stable direction.
