I had no choice but to post on my own Binance Square.
LIVE
CZ
--
There is a saying in Chinese, "trouble doesn't travel alone". 祸不单行。
Well, I believe this 2nd trouble (my X account got temporarily suspended) is purely from the fact that I changed my profile name. It happened immediately after. The X bot detection algo needs some work, @el0n . It doesn't detect all the bad bots, and wrongly targets the real humans. 🤷♂️😂
[A brief discussion on Binance being fined and CZ resigning]
▋It’s been a year, and there are some stories that are no secret
After CZ exposed SBF’s lies last year,
Even logically speaking, SBF should bear 100% responsibility (misappropriation of user funds),
But reality is not composed of rationality after all, especially when one's own interests are involved.
Therefore, it is reasonable for many people to hate CZ.
The collapse of FTX is said to have angered a group of vested interests around the world:
Wall Street.
-
▋Bank groups are also cryptocurrency holders
In order to avoid getting into trouble with the SEC, these banking conglomerates
So I will first find some Bitcoin OG whales, sign a private contract, and then hold them through the whale's wallet.
For the part of buying coins, find an overseas company to handle it, so that the cash flow will not be related to your own bank.
Then, most of the money was put into FTX and earned 8% interest. Everyone knows the subsequent story.
Therefore, the banking group, one of the most affected institutions, has been rumored to have CZ pay the price since last year.
-
▋It’s politics, not money laundering
Maybe it's because there have been news coming from Bank of America,
So when you see CZ being sanctioned by the United States, you will automatically look at it from a political perspective.
Rather than the issues related to "confession and money laundering" that most news talks about.
A very simple logic: If Binance is guilty today, the 4 billion fine imposed by the court should be given to the victims as compensation;
But being convicted in the name of violating money laundering laws, the fine ends up in the pockets of the U.S. government?
In a society ruled by law, there is no suspense about political intentions.
-
▋One party is illegal and the other is legal
In the Western United States, Binance and CZ are criminals violating money laundering laws;
In Dubai in the Middle East, Binance and CZ are legal unicorns that have obtained MVP operating licenses.
Whose law, whose sin? It is no longer a black and white line,
It is about competition for interests and political revenge.
-
▋Centralization vs. decentralization?
Bitcoin was born out of the financial tsunami caused by Wall Street in the United States.
Now the United States is sanctioning the world’s largest cryptocurrency exchange.
This is why people in the currency circle believe in "decentralization"
——Vested interests in centralized countries really think they can control the world of cryptocurrency?
-
▋After darkness, there is light
The situation in which CZ was punished this time also reminded me of an anime "Lelouch of the Rebellion":
The protagonist spent several years to realize his revenge plan, but in the end he deliberately made himself a public enemy and left with everyone's hatred.
The same goes for CZ’s words and deeds in the currency circle:
The big tree attracts the wind and has attracted the hatred of many people. Now it has been removed from the stage through this case.
On the surface, he is stepping down sadly, and Binance will lose its glory.
But in fact, it allows the enemies of Binance (actually CZ) to get what they want.
Making these people feel like they have completed a milestone in their revenge plan will reduce (or even eliminate) actions against Binance in the future.
(The biggest enemy CZ has stepped down. It is impossible to bring down Binance. Cryptocurrencies will still be needed in the future)
Dark Art of War: The young master sacrifices his head.
After darkness, comes light.
An explosive company needs a heroic leader to lead the team to conquer the world.
A sustainable enterprise needs to be able to govern the world even if the heroic leader is absent.
Insights from Taiwanese creators at Binance Annual Conference BBW 2023 @ Istanbul
#BBW2023 #Binance #BinanceBlockchainWeek #istanbul After hearing that Taiwanese YouTuber Joeman’s marijuana case was involved in Binance, some people may think that “cryptocurrencies are indeed a hotbed for money laundering and drugs,” but sensible people will know that they are just a means of payment. , just like no one would specifically emphasize: "OOO use Taiwan dollars issued by the central bank to buy marijuana." Using this incident to attack Binance and cryptocurrencies also shows the difference in cognition. -At this moment, Binance is holding the Global Blockchain Annual Conference in Istanbul, Turkey. Cryptocurrency enthusiasts from all over the world are gathering together to discuss various value applications and development. On this trip, Taiwan’s Binance is also traveling with them. After the captains, as well as a few invited representatives of the currency circle, booked a venue, Binance used "yellow and black" as the theme colors and decorated the site with Binance elements. Many project parties also set up stalls at the exhibition, such as Sun Ge’s Tron, Binance’s TrueUSD, etc. #BinanceBlockchainWeek is the theme hashtag this time. If you search on social media, you can see the information shared by other Internet celebrities. If you are interested, give it a try. As for the focus of the annual meeting, it can be felt that this year's focus is on "regulatory" issues. I heard that many traditional bankers gathered at the main lecture venue, who are not optimistic about the future development of cryptocurrency, and are inconsistent with the SEC's iron fist philosophy. "Cryptocurrency is a hotbed for money laundering crimes." Many people hold this argument. But if you have an in-depth understanding of cryptocurrency technology, the transparency of the financial flow of the blockchain will actually help "money laundering prevention." Moreover, is it really true that “cryptocurrency promotes money laundering crimes”? To paraphrase what a big shot speaker said: "In terms of money laundering crimes, the central bank issues the most fiat currency!" The whole audience laughed. - Bitcoin was only at 27,500 last month, and it has reached 36,500 today, an increase of 9,000 US dollars, or 32%. When many people still have the impression of cryptocurrency as "fraud" and "nihility", the ecosystem of the currency circle has continued. In build, Turkey has Binance Global Blockchain Week, Hong Kong and Taipei have ApeFest, and Taipei Blockchain Week TBW in December is also brewing. On the first day of Binance Turkey BBW, CoinmarketCap, the world’s largest cryptocurrency price checking website, announced the establishment of venture capital CMC Labs and encouraged Web 3 projects to apply.The Landing page was only launched yesterday. You can scan the QR code in the picture to see the details. "Step into the future of Web 3" After the U.S. central bank announced that it will no longer raise interest rates, FTX's debt repayment rhythm is getting better and better, which is vulnerable to the infusion of hot money. / In the detached currency market, the worst situation has passed. The investment market has a "cyclical effect", and excessive enthusiasm will definitely correct. On the contrary, after two years of sluggishness, what will happen next? -Many people say that wealth is based on "cognition". People of the previous generation "recognized" the potential of land. Now they and their children no longer have to work hard. People of this generation have "recognition". Those who know the potential of the currency circle have given birth to countless great gods and giant whales in the previous bull markets. Nowadays, we often hear social complaints: "Those who bought houses and land in the past all controlled wealth, so now it is nothing for young people to work hard." Meaning." Fifty years from now, will anyone start to complain (?): "Those who bought Bitcoin back then all held wealth, so it makes no sense for young people to work hard now."