Binance’s CZ Wants Entrepreneurs To Create Coins. Does His Argument Make Sense?
Enter Changpeng Zhao AKA CZ. The debate around Web3 that Jack Dorsey started keeps raging on. Crypto Twitter is burning with hot takes and killer responses. And it’s time for Binance’s CEO to enter the ring. He does it in a roundabout way, by defending the idea of entrepreneurs creating new coins. In fact, one could argue that he’s not talking about the subject Dorsey brought up. However, the issuance of coins is a crucial part of Web3. And then, there’s the title. The “One Coin to Rule Them All? Or Millions of Coins?” article clearly goes to the root of the debate. Is Bitcoin the chosen....
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It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His company is the biggest cryptocurrency exchange in the world and El Salvador is the first country to adopt bitcoin as legal tender, why did this take so long? According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the country “along with other entrepreneurs, who are interested in knowing the investment possibilities.” Hoy llegó a El Salvador el CEO y fundador de @BinanceES, Changpeng Zhao (@cz_binance), junto a otros empresarios, quienes están....
A print from 1845 shows cowrie shells being used for money. It seems every day we hear the Bitcoin deflationary argument, not only from publications such as Business Week, but even from proponents of Bitcoin. Let's state it clearly: The Deflationary Bitcoin Argument: Bitcoin is not inflationary because the supply is limited to 21 million coins. Therefore, people want to hold it and won't spend. When no one spends this reduces the demand for products and services. This ultimately harms the productivity of the economy leading to a worsening of economic conditions. Therefore, Bitcoin is bad,....
Campus London's "BTM" (bitcoin teller machine). Google's Campus London is a seven-floor building based in the UK dedicated to encouraging "innovation through collaboration, mentorship, and networking". The building was designed for entrepreneurs and startups "on their quest to change the world". According to Google, "Google began life as a startup in a garage in California. Campus allows us to help entrepreneurs grow and find success in a better garage. Our success will be measured by the success of the startups who use Campus. Campus allows UK technology startups to meet at a central....
Spurred by Union Square Ventures partner Albert Wenger's recent blog post, there's been lots of discussion about crypto-tokens in recent week. This has led to excitement and skepticism about their ability to incentivize open-source developers to create and maintain protocols. However, as Runa Capital has funded a number of developers who have created and maintained thriving open-source protocols, I wanted to shine some light on this approach in the context of how open-source developers have been incentivized historically. This article focuses on both why a crypto-token issuance may make....
President Faustin-Archange Touadéra received Changpeng Zhao to discuss bitcoin and crypto. The meeting of the minds happened on Friday and there’s not much public information about what actually happened. The Binance CEO has been meeting African presidents recently, so it only makes sense that he visited the first nation to make bitcoin legal tender in […]