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In an interview recently, Binance founder Changpeng Zhao (CZ) made important comments about Bitcoin’s mysterious founder Satoshi Nakamoto, the future of cryptocurrencies and his new book.
CZ argued that keeping Satoshi’s identity secret was critical to Bitcoin’s success.
I do not know who Satoshi Nakamoto is and that knowing is better,’ CZ said. Satoshi’s anonymity is the biggest thing that makes Bitcoin so special, he said.
CZ says that unlike projects such as Ethereum, the lack of an active leader at the helm of Bitcoin makes it “a truly decentralized project” to remain in place. He added ‘If Satoshi’s identity were known, it would create some speculative pressure on the market and damage Bitcoin’–the founder-independent nature of its product.
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The CZ also revealed details about his highly anticipated novel. He said ‘It started while I was in prison and had ‘nothing to do’ with the writing process. It was aimed at correcting misconceptions in the mainstream media and to tell his own story directly,’ said he of the book.
CZ AI and Blockchain are the most innovative technologies at the internet level,’ said Cz. According to him, AI will use crypto for payments and that the crypto world will create self-custody tools.
CZ has argued that cryptocurrencies are “too transparent” to be believed, and tracking data on the blockchain is much easier than in traditional finance.
He said ‘Prediction markets, which have been popular recently, are very promising and they’re an important tool in “discovering truth through information”. Paraphrasingr ’It is.
CZ slammed cautious optimism about geopolitical tensions between the US and China, saying that “the fact that both countries have economically focused leaders increases the chance of a middle ground.”
*This is not investment advice.
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