How old Were You When you Invented Bitcoin?
CZ's Response: I didn't invent Bitcoin. I am not Satoshi
Any First This Year?
CZ's Response: There is a lot of first. I think the first that jump to minds is the number of countries. 33+ New countries this year.
MEETING NEW HEAD OF STATES
Meeting Regulators, many users communities for the 1st time.
When I buy the markets Goes down, When I sell the market goes up. Why?
CZ's Response: There is a common feeling among traders in crypto or in any market. If you have that feeling that you are not a very good trader don't trade just Hodl.
How do I get Binance Hoodie?
CZ's Response: Binance hoodie is not for sale, is for community members who are very helpful. If you just help out answering questions on Twitter, Telegram and when our team notice you you will get a hoodie. It doesn't have a price, so it is priceless.
If Binance Users Withdraw Their Funds at the Same Time Will it Collapse?
CZ's Response: The short answer is no. Binance is 100% Reserved on every single coin that we hold on behalf of our users. So feel free to withdraw at any time.
If Binance Goes Bankrupt Will Trust Wallet Be Safe?
CZ's Response: The answer to both questions is yes.
Let's say Binance completely disappears for whatever reason or we shut it down. Trust wallet is completely safe. So, you control your private key. You need to make sure you have a backup it is safe there is nothing to with Binance.
How Would You Manage a Situation Like the FTX Collapse?
CZ's Response: First of all, the key is not to get into that situation first. It's not just what a crisis happened. What do you do when you move tens of billions of users funds and lost it. That is kind of hard to manage but even when that happens I think the best thing to do is to stop everything, be transparent, communicate, be open but more importantly the trick is not to even go anywhere near that. So there is a few principles in business that you never violate.
*Never touch users fund
*Keep them secure
*Keep them separate
*Run a healthy business
*Run a sustainable business
*Don't take shortcut
I think prevention is much more important than handling but don't try to fool anyone again.
Does CZ Ever Sleep?
CZ's Response: Yes I actually do sleep quite well. I do two sleep
* 5-6 hours at Night
* Half an hour to 45 min during the afternoon. I find that combination works really well for me and I have the luxury to be able to that because we work from home
What is Your Most Valuable Lesson Learned While Building Binance?
CZ's Response: Thank you Renato, yeah so there I will say these two or three things that are very valuable and the number one is always be ethical so never touch ethical boundaries. Never move users funds, never go on debt, don't do things that hurt your users. Always do the right things. Even though we're managing a very number of users'assets we sleep very stumbly we know we are doing the right thing.
I think number two is build a strong teams. I think binance would have been very lucky that we have a very strong team running Binance and we have been together to build a very successful platform.
Number three I would say is to be in touch with the people the community, the users, the angles, the KOL, the regulators, even the traditional financial players. So, I think those are the 3 things I have learned that helped Binance become very successful.
What are You Most Excited About For 2023?
CZ's Response:
2022 was a pretty tough year with a lot of negative things that happened also a bear market . I hope to see more builder, developers, building applications that people will use. More Gamefi, More Metaverse, More NFTs. We can finally put 2022 behind us and we continue to build this industry.
-Binance YouTube Channel
