173 - CZ & the State of Binance

Bankless

Tech News, Technology, News

4.7 • 1.2K Ratings

🗓️ 29 May 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We welcome back Founder and CEO of Binance, CZ for his second appearance on Bankless. Last time CZ was on, Terra Luna hadn’t collapsed yet and FTX was still competing with Binance. A lot has changed.

In today’s episode, we cover it all. Here were some of the questions we discussed:
1) How can we tell what’s real vs. FUD with Binance?
2) What Happened with FTX from CZ’s perspective?
3) The difference between the current bear market vs. previous ones
4) Community questions from Justin Drake & Degen Spartan

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✨ DEBRIEF | Unpacking the episode:
https://www.bankless.com/debrief-cz

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TIMESTAMPS:

0:00 Intro
6:54 How’s CZ 2023?
8:35 Why is Binance a FUD Magnet?
10:52 FTX & Ledger
16:57 Binance Transparency
26:40 Current Mood of Crypto
29:35 Another Cycle?
30:58 Binance’s Bear Market Strategy
36:44 Crypto’s Biggest Opportunity
39:48 Why Crypto Is Good for the World
42:06 The Exchange Wars
48:49 Best Regulation Jurisdictions
51:48 Justin Drake Question
54:00 Will Binance Buy a Bank?
56:30 BNB Chain Rollup on Ethereum?
59:13 CZ’s Thoughts on Twitter Post-Elon
1:00:36 CZ’s Bear Market Advice
1:04:46 Closing & Disclaimers

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RESOURCES:

CZ
https://twitter.com/cz_binance

CZ’s 1st Bankless Appearance
https://www.youtube.com/watch?v=lldGpGsUcWw&ab_channel=Bankless

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Bankless, where we explore the frontier of internet money and internet finance.
0:12.5	This is how to get started, how to get better at a front run, the opportunity.
0:16.0	This is Ryan Sean Adams.
0:17.0	I'm here with David Hoffman, and we're here to help you become more Bankless.
0:22.4	We have CZ on the podcast today, CZ of course is the CEO and founder of the world's largest
0:29.3	crypto exchange, very influential in the crypto industry today.
0:34.0	This episode is mostly a lot of questions.
0:35.9	We let CZ speak.
0:37.5	We ask him things like, how can we tell what's fun and what's real about Binance?
0:43.1	Number two, what happened with FTX?
0:45.5	Did the events of 2023 change Binance?
0:48.2	How did it change crypto overall?
0:50.4	Number three, we ask about the mood in crypto right now.
0:54.1	What's different about today's bear market versus previous bear markets he's been in?
0:58.8	Will we actually get another cycle?
1:00.6	Is there a future bull market on the horizon?
1:03.2	And finally, we end with questions from the community, questions from people like Justin
1:06.7	Drake, Dejan Spartan, many others, and we ask those directly to CZ, David, why is this
1:12.4	episode significant to you?
1:13.7	It's not often that we are able to talk to CZ.
1:16.6	The Binance world, the Binance ecosystem, it kind of seems like a black box.
1:21.2	It seems like it's got many different parts, especially to us in the West, who we are
	...

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