Bitcoin was supposed to be anonymous, but ironically, the KYC of centralized exchanges has completely buried this point. Zhao Changpeng talks about why privacy is the biggest unsolved problem in the cryptocurrency space—and why its significance goes far beyond just hiding transaction records.
"The trading frequency of AI agents can be millions of times greater than ours, and they don't even use banks." Zhao Changpeng talks about why cryptocurrency is the future for AI agents.
"Resigning is really hard, very hard. I cried at that moment. The last time I truly cried was when my father passed away." @CZ talks about losing Binance — and why he was ultimately able to let go.
"The U.S. government spends more money on prisons each year than on education or schools." @CZ was not reading this sentence from the report — he learned about it personally while preparing to enter prison as an inmate.
For over a year, meeting with 20 lawyers every day. @CZ is the most frequently mentioned phrase by the team: "We have never seen them so hostile in such cases." The Biden Justice Department is truly on another level.