Listen to CZ Compare Binance to Bitcoin - Ep.173

Published: May 19, 2020, 7:30 a.m.

Changpeng Zhao, aka CZ, cofounder and CEO of Binance, and I kicked off the Ethereal Virtual Summit with a fun fireside chat! He talked about Binance\u2019s current operations, its plans for the future, and the crypto industry as a whole. He explains:\xa0\n Why he thought the questions I asked him in our first interview were misleading\n Whether Libra\u2019s new plans are affecting Binance\u2019s strategy for Venus\n What impact China\u2019s DCEP will have on crypto\n Why the confluence of circumstances caused by COVID are a \u201cperfect storm\u201d for crypto, and how this will affect crypto in the long-term\n Whether the Binance Smart Chain will leech away Ethereum developers and users\n Why he thinks competition in the industry only grows it\n How Binance can own CoinMarketCap without affecting its objectivity\xa0\n What he says to the class-action lawsuit against Binance, him and the other cofounders of Binance accusing them of offering unregistered securities\n How he views the role of Binance in governance in delegated proof-of-state systems, such as when Binance flip-flopped on a contentious hard fork in Steem\n Where Binance is headquartered\n Unchained is hiring! Check out the job posting here! https://unchainedpodcast.com/seeking-remote-editorial-assistant/\n Thank you to our sponsors!\xa0\n Crypto.com: https://crypto.com/\n Kraken: https://www.kraken.com\n Stellar: https://www.stellar.org/\n Episode links:\n CZ: https://twitter.com/cz_binance\n Binance: https://www.binance.com/en\n My first interview with CZ: https://unchainedpodcast.com/how-binance-became-the-most-popular-crypto-exchange-in-5-months-ep-84/\n Details on BUSD: https://www.theblockcrypto.com/post/38607/binance-launching-its-own-usd-pegged-stablecoin-busd-with-paxos-as-custodian\n Binance announcement about BUSD: https://binance.zendesk.com/hc/en-us/articles/360032604131-Binance-Announces-Open-Blockchain-Project-Venus-\xa0\n BUSD marketshare: https://www.coindesk.com/binance-stablecoin-busd-tops-100m-but-lags-behind-rivals\n Venus as the One Belt, One Road initiative of Libra: https://twitter.com/DoveyWan/status/1163364542233006082?s=20\xa0\n Venus focusing on developing countries: https://www.coindesk.com/binance-is-pitching-its-stablecoin-as-a-government-friendly-libra-competitor\n Binance\u2019s acquisition of CoinMarketCap: https://www.coindesk.com/binances-coinmarketcap-acquisition-is-a-bet-that-crypto-really-is-for-the-masses\n 125x leverage: https://www.binance.com/en/blog/393707200802271232/5-Things-You-Need-to-Know-About-Binance-Futures-125x-Leverage\n The Block report on BNB\u2019s latest token burn: https://www.theblockcrypto.com/genesis/62306/a-closer-look-at-binances-bnb-burns\n Lee et al. vs. Binance: https://www.scribd.com/document/455203877/Lee-et-al-vs-Binance\n Estimate that Binance earned $46 million in profit in 2018:\xa0\n https://www.theblockcrypto.com/genesis/10491/analysis-binance-brought-in-446-million-in-profits-in-2018-despite-the-bear-market\n Binance used Steem tokens on its exchange to help vote out Steem validators: https://steempeak.com/witness/@ura-soul/ura-soul-witness-update-anarchy-vs-empire-tron-replaces-top-witnesses-and-takes-over-the-steem-blockchain\xa0\n CZ\u2019s initial tweet about the how Binance handled the Steemit fork: https://twitter.com/cz_binance/status/1234565384327585792?s=20\n Binance reverses course: https://www.coindesk.com/steem-will-hard-fork-in-just-hours-over-community-fears-of-justin-sun-power-grab\n Binance not authorized to operate in Malta: https://www.theblockcrypto.com/linked/56603/binance-is-not-authorised-to-operate-in-malta-says-the-countrys-financial-regulator\xa0\n CZ on Binance not being based in Malta and decentralized: https://twitter.com/cz_binance/status/1230860647086338048\n Binance shut down Shanghai offices: https://www.theblockcrypto.com/post/47922/binances-shanghai-office-shut-down-following-police-raid-sources-say\n Links to topics we did not have time to cover:\n Binance removes all references to Visa from its credit card: https://www.theblockcrypto.com/post/60886/binance-quietly-scrubs-visa-mentions-from-its-payment-card-website\n Opening mining pool: https://www.coindesk.com/binance-crypto-exchange-is-launching-its-first-bitcoin-mining-pool\n Investment in startups in Africa: https://www.coindesk.com/binance-backed-crypto-payments-app-as-race-for-africa-heats-up\n In-browser trading: https://www.coindesk.com/brave-partners-with-binance-to-develop-in-browser-crypto-trading\n https://brave.com/binance/\nLearn more about your ad choices. Visit megaphone.fm/adchoices