Metal currencies fed by speculation, but Blockchain’s basics

The former CEO of Binance Changpeng Zhao (CZ) has opened about his recent invasion in the Meme currencies, an area previously avoided.

He was also reflected in his lost opportunity with Ethereum and explained why Blockchain remained the same despite the transformation of trends.

Changing perspective on Mimi currencies

Exclusively interview Through the news that emerges, the former CEO CEO explained that he played a more active role on social media, especially when it comes to coins. Unlike the previous market courses where he distanced himself from this trend, Check Check has so far deal with society to understand its attractiveness.

Previously, described such symbols as “very strange and desperate”, and urged builders to focus on more useful applications instead. However, its transformation became clear when the community was allowed to create Metal coins based on the photos he shared with its pet. It is interesting, although he is asked, but he did not support any of the coins such as official fees, claiming that this step would alienate others.

“There are quite a few users of the coins concerned, and one is definitely choosing to harm the feelings of other users,” said Zhao.

The co -founder of Binance compared the MEME market with the previous stages of Crypto, recalling how, in the early days of Bitcoin, a new series means “writing 20,000 lines of software instructions”. However, the launch of the ERC-20 standard allows anyone to create the distinctive codes with a smart nodes and only request a website and white paper. Now, it’s simpler because Mim’s image is enough.

Despite these transformations, Chic Chic insisted that the basic principles remained the same:

“The basic logic is that as long as someone gets to know a specific concept to issue coins and a person participates, it will have a price, and if no one participates, there will be no price.”

He believes that the Meme currencies have flourished due to frustration with traditional investment capital models and retailers who are chasing changing gains for life. In addition, these assets escaped from organizational audit, given that they are “no practical use”, which is a somewhat paradox that feeds its height.

Lost opportunities and post -prison mentality

In the interview, Chic Chic revealed that he had never put money in Ethereum, although his co -founder has known Vitalik Buterin since 2013. “

In a more personal observation, Zhao was reflected in his four -month property after being convicted of anti -money laundering violations. “It was a very bad experience,” he confessed, although he confirmed that the ordeal was not brutally brutally. For him, the uncertainty was the most challenging part, and the episode was prepared its priorities. He says he is now setting his health and relationship first.