CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto Industry
How did he go from the countryside to immigration? From programmer to entrepreneur From the world's richest list to prison
Writing his life experiences into a book (Binance Life) is not just a record of life, but also turns the detours he has taken and the insights he has gained into wealth that future generations can draw upon.
This is a must-read book for everyone in the crypto industry (Freedom of Money) https://amazon.com/-/zh/dp/B0GVZK8QPG/ref=tmm_hrd_swatch_0
Many entrepreneurial stories like to talk about talent and opportunity
But CZ's story is more like another narrative:
In the crypto industry, no one has experienced such an extreme life curve as Zhao Changpeng @cz_binance:
Hit that like, retweet, and drop a comment sharing your recent picks in Hong Kong and US stocks to enter the raffle~
Register directly for up to 40% off: https://app.stablestock.finance/?join=LBXX6
A lot of folks are jumping into IPOs on the Hong Kong market now. If you've been grinding alpha before, this is a perfect pivot to get involved in HK IPOs. It's the same deal with multiple accounts, and honestly, the market's been pretty stale lately. Previously, you had to go through the hassle of opening a brokerage account in Hong Kong to participate in IPOs. Now, with @StableStock, you can dive right in without the offline card setup. It's way more convenient and faster!
Dragging my tired self, I finally made it home from the port.
After a week out, it feels like I haven't rested a single day.
Nothing beats the feeling of home, it's like a safe haven.
The best meal I had while out was definitely the rich chicken arranged by MINGJUNBJ @MINGJUNBJ; they hit the jackpot with Xizhi Technology, talk about lucky!
Lately, I've been getting wrecked in my trades—losing on shorts, taking hits on the spot market, contracts are in the red, even my stocks are down, and I can't catch a break on new listings either. Ahhh, it's just so tough!
Thanks to the TRON ecosystem @OfficialSUNio for organizing the dinner.
Teacher Anke @Anchor9960 was incredibly welcoming.
Huge thanks to Brother Sun @justinsuntron for the generous hospitality, it felt like spring breeze and truly made me feel the warmth of the TRON family.
I gained a lot from exchanging ideas with many industry leaders, it was quite enlightening.
This trip was definitely worth it, Bai! Let’s all make the most of this journey and may we all achieve what we set out for.
Thanks to Kim @moonkimbinance and Yaya @yayabinance for organizing dinner last night.
I've known Chao Ge @chaoge_btc for about five or six years now.
During these past few days at the conference, I also got to meet several OGs in the crypto space. They're all super down-to-earth and low-key, just like learning from the masters.
I am honored that the post above was forwarded by my cousin
I just want to say: I will always like Binance
蜡币小鑫
·
--
Bullish
Tonight's CZ Binance Square "Freedom of Money" AMA Highlights:
Where did the book title "Freedom of Money" come from?
CZ answers: It originates from Binance's early mission to increase the freedom of money. The core is to make it easier for ordinary people to access financial tools and achieve true financial freedom.
How to select projects in a bear market?
CZ answers: Prioritize founders with a sense of mission. Teams that continue to deliver products and run protocols in a bear market are more reliable. Valuations are more pragmatic, focusing on real users and prototypes, not just the bubble of a bull market.
What is the biggest gain from 4 months in prison?
CZ answers: Writing a book to document the complete story, learning resilience and long-termism. Life motto: "If you can, you must." (如果能做到,就必须做到). The mindset becomes more transcendent.
If life could start over, would you avoid going to prison?
CZ answers: The book has already completely narrated the journey from the countryside to Canada, Wall Street, the epiphany of Bitcoin, and then founding Binance. Facing the past, protecting users and the industry has always been the core.
Strongly recommend listening to the replay (supports subtitles): https://www.binance.com/zh-CN/square/audio/replay?id=39079893891218
Tonight's CZ Binance Square "Freedom of Money" AMA Highlights:
Where did the book title "Freedom of Money" come from?
CZ answers: It originates from Binance's early mission to increase the freedom of money. The core is to make it easier for ordinary people to access financial tools and achieve true financial freedom.
How to select projects in a bear market?
CZ answers: Prioritize founders with a sense of mission. Teams that continue to deliver products and run protocols in a bear market are more reliable. Valuations are more pragmatic, focusing on real users and prototypes, not just the bubble of a bull market.
What is the biggest gain from 4 months in prison?
CZ answers: Writing a book to document the complete story, learning resilience and long-termism. Life motto: "If you can, you must." (如果能做到,就必须做到). The mindset becomes more transcendent.
If life could start over, would you avoid going to prison?
CZ answers: The book has already completely narrated the journey from the countryside to Canada, Wall Street, the epiphany of Bitcoin, and then founding Binance. Facing the past, protecting users and the industry has always been the core.
Strongly recommend listening to the replay (supports subtitles): https://www.binance.com/zh-CN/square/audio/replay?id=39079893891218
Cousin @CZ 's AMA has started, come on, there's a chance to get cousin's signed book
蜡币小鑫
·
--
CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto Industry
How did he go from the countryside to immigration? From programmer to entrepreneur From the world's richest list to prison
Writing his life experiences into a book (Binance Life) is not just a record of life, but also turns the detours he has taken and the insights he has gained into wealth that future generations can draw upon.
This is a must-read book for everyone in the crypto industry (Freedom of Money) https://amazon.com/-/zh/dp/B0GVZK8QPG/ref=tmm_hrd_swatch_0
Many entrepreneurial stories like to talk about talent and opportunity
But CZ's story is more like another narrative:
In the crypto industry, no one has experienced such an extreme life curve as Zhao Changpeng @cz_binance:
Today I opened defillama to take a look at the relevant data for #USD1 , and I can't help but feel amazed that projects with strong backgrounds continue to maintain robust development regardless of bull or bear markets.
Since May of last year, the market share of USD1 on BSC was 99.3%, and now in April, almost a year later, it has expanded to 8 public chains at most, and these public chains are relatively active, especially the shares on BSC, ETH, and SOL, which are 42.74%, 37.55%, and 19.02% respectively.
Now the market cap of USD1 has reached around 4.2 billion, which has doubled compared to before. Although it is still ranked fifth among stablecoins, the gap with DAI is getting smaller.
These data give me the feeling that USD1 is getting better and better. I allocated it to my assets before because I could obtain WLFI airdrops. Now holding USD1 allows me to earn a relatively high APY on Dolomite, which was over 30% a few days ago and has now dropped to around 10%. Compared to other yields, it's still quite attractive.
As for the recent FUD issues, opinions vary. I was one of the first users who started with WLFI. The recent cycle lending has faced varying degrees of FUD for WLFI, but I believe the current risks are still relatively controllable. Especially for USD1, a top-level project with strong backing, I trust the resource background behind the system more than the FUD. #USD1 #WLFI
Iran plans to impose tolls on tankers passing through the Strait of Hormuz during the ceasefire period
Charging Standards: Tiered pricing per barrel, $1 per barrel for neutral countries, with a maximum payment of $2 million for tankers of 2 million barrels capacity per trip
Settlement Method: Refusal of US dollars, prioritizing RMB + cryptocurrency, existing oil tankers have completed payment in RMB
Control Rules: Five-tier pricing (based on friendliness of countries), vessels from sanctioned countries such as the US and Israel are prohibited from passage
International Reaction: Led by the UK, over 40 countries refuse to pay, stating it violates the United Nations Convention on the Law of the Sea; Iran claims this move is to maintain sovereignty and address the budget deficit
The current plan is still under preparation, with no clear implementation timeline, global energy markets continue to pay close attention
Has the cow arrived? Today #USD1 has given holders a surprise with gold coins, I just saw the tweet from @worldlibertyfi about #USD1's yield, and upon opening it, the annual yield surprisingly jumped to 35.58%, which is even better than the previous 20% annual yield from exchanges.
I mentioned before in the community that during a bear market, if you don't have a project that you are very optimistic about, it's advisable to allocate all your funds to stablecoin wealth management or exchange wealth management. Today #USD1 surprised us.
Calculating carefully, if you deposit 10,000 USDT, the annual yield should be around 3,500 U, with a daily yield of about 10 U, which is enough for my meals for a day. Of course, the current high annual yield may not last long, but from all the wealth management protocols, #USD1's APR is generally higher than other cryptocurrencies.
The reason I have always been optimistic about #USD1 is actually summed up in one sentence: it aims to be an upgraded version of the US dollar, rather than just a stablecoin.
Since #USD1 came out, I personally believe it has been continuously laying out different tracks. First, the layout on CEX, with trading pairs, wealth management, and other products has increased the centralized user adoption rate of #USD1. Then, the collaboration with various protocols on-chain has provided users with better stablecoin choices. Recently, #USD1 has also appeared in AI payments, RWA tracks, and more.
Speaking of RWA, I must mention the cooperation with @Aster_DEX in the past few days, officially becoming the foundational layer for RWA assets on Aster. This means that as long as you trade commodities or RWA assets on Aster, it is inextricably linked to USD1 as the trading pair of stablecoins, making it the dollar base for on-chain RWA.
Imagine a stablecoin backed by 100% real dollars + institutional-level transparency + an upgraded version of a multi-track layout from the Trump family. The advantages in the future of blockchain development will be significant. Currently, the mainstream direction in the crypto space is RWA, AI, and DeFi, and compliance is one of the primary conditions. USD1 holds a first-mover advantage and is top-tier in multi-ecosystem construction.
Personal suggestion: In the current environment, without particularly optimistic Alpha projects, just put your money in USD1 to earn stable high interest, which is the most comfortable and lowest-risk choice. Of course, high APR cannot be maintained forever, but as long as USD1 continues to deepen the CEX+DeFi+RWA ecosystem loop, it will not just be another stablecoin, but the core carrier of dollar liquidity in the next era.