CZ LATEST INTERVIEW: RESHAPING THE MIND IN 76 DAYS, LEAVING 80 PER CENT OF THE ENERGY TO THE BLOCK CHAIN

Original video title: CZ Life Before and After Mason, Cripto's Future & The Freedom Of Money

Source: Cripto Banter, Cripto Insider
Original language: Deep tide TechFlow

Summary of highlights

In this unique interview, Ran Neuner engaged in an in-depth dialogue with the founder of Binance, CZ, on his new book, Freedom of Money, prison experience, amnesty process, family relations and future of the encryption industry。

CZ RECALLS THE PROCESS OF WRITING BOOKS IN AMERICAN PRISONS, DEALING WITH UNCERTAINTY AND REBUILDING LIFE PRIORITIES, AND EXPLAINS WHY IT STILL DEVOTES 80% TO 90% OF ITS TIME AND ENERGY TO THE BLOCK CHAIN。

In his view, the AI Age could trigger a much larger network of financial transactions than today, with block chains likely becoming an irreplaceable clearing track. At the end of the interview, CZ also spoke about its understanding of wealth, children, investment, health and heritage: Money is not the end, but it is really important to devote capacity and resources to improving the world。

Summary of outstanding views

About the 76 days of experience and mentality re-engineering in prison

• “I started writing in prison, when I had a lot of time, but there was not much access to the outside world. I don't have the Internet, I can only use a very simple terminal, 15 minutes at a time, and I'll be kicked off the line. The terminal cannot copy paste, so everything has to be typed."

• “The newspaper wrote that I was the richest person in United States prisons and the only one imprisoned for a single violation of the Bank Secrecy Act. So before going in, the lawyer told me, "You're the main target of extortion."

• “No one in the history of the United States has been imprisoned for a single violation of the Bank Secrecy Act, even today. I'm the only one, the first and the only one. So I'm special. They treat me special. I don't know what else to do

"When I got out of prison, I wrote in my book that I didn't really care about fame or even heritage. I don't care what people think of me. What matters is how I see myself when I'm old."

• “It is very clear that people, I miss family, children, lovers and friends. When everything is taken away, you'll find out what you miss most."

Commercial competition for amnesty, citizenship and United States encryption

• “There is absolutely no deal to get a pardon. My lawyer told me very clearly that you did not want to get any more trouble in order to get a pardon.”

• "We do encounter very strong lobbying, counter-loaning, reverse lobbying. Some of our competitors in the United States do not want me to be pardoned. Other U.S. encryption trading platforms don't want me to get a pardon because they're worried about Binance coming back to America. It's business competition

• "NOT RELATED TO NEGOTIATIONS, I WAS INVITED TO BECOME A UAE CITIZEN. BUT I DID NOT USE UAE'S NATIONALITY, AND I DIDN'T WANT TO USE IT AS A TOOL `I'M HIDING HERE', AND WHEN I GOT IT, IT MADE ME WANT MORE TO SOLVE THE PROBLEM IN THE UNITED STATES THAN TO RELY ON IT.”

• “One of the things you could not operate when you were convicted. After the pardon, it disappeared to me personally, so I had no restrictions. However, there may be or may not be some limitations for the company.”

BUSINESS RETHINKING: CZ LOOKING BACK AT THE BIGGEST BUSINESS MISTAKE OF THE PAST

"If I can go back now, I'll make two platforms from the beginning: a Binance US, a Binance Global, and block American users from the first day. It'll be a lot less trouble

• "U.S. users do not exceed 30% of the user base at any time, at different stages, about 10%, 20%, 30%. ...we've made a profit in three months and we're very profitable. So even 30% less, we'll probably survive."

"But I learned later that America would look back for years. They'll look back on what you did before

• "I'm much more cautious when doing business, but I'm not going to give all the tweets to lawyers. I will now involve more lawyers on the business side, which is what I learned. The law is my weakness, and I am not in the legal background."

Crypto x AI: Why is the encryption orbit seriously underestimated

• “The block chain is money, it's money technology, we always need money, and we need more, more efficient, more free money.”

"I STILL DEVOTE 80% TO 90% OF TIME, MONEY AND ENERGY TO THE BLOCK CHAIN. AI AND BIOTECH ARE GOOD, BUT THAT'S NOT MY SPECIALTY."

• "Bitcoin still has a dominant position and continues to have the resilience that I see today. There's nothing to replace Bitcoin

· "It's not just an AI-AI deal, it's an AI that represents one person, and another AI that represents another person, trading across the world. I can't see an alternative. This funding must be Cripto.”

– "It must be well over $2 trillion and far beyond our monetary system today. The future monetary system will be much larger than today's monetary system.”

Hard core figures for wealth, trust arrangements and "financial freedom"

"I won't give the kids a lot of money. Like the grown-ups, I told them I could support you if you wanted to spend the rest of your life comfortable. But if you want luxury, you want a car, a private plane, a yacht, a big house, you have to earn it yourself."

"I won't leave them billions. I may leave them tens of millions of dollars in assets, and I hope to make arrangements through trust to get a certain amount each year when I am young, the younger I get, the older I get more.”

"I want to spend most of my money while I'm alive. I don't believe in the practice of "life's last donation to charity." I think it's a terrible way of using money, because then you can't really control it."

– "For almost all of us on Earth, $90 million is enough but I think $10 million is enough for financial freedom if we live in ordinary life. I mean, 100 million dollars, it really doesn't make any difference after that, and if you have $100 million, and you say you're unhappy, and that $200 million makes you happier, that's crazy, that's not gonna work

"Over $50 million, the difference is zero. If you insist on making yourself happy with money, you will be unhappy."

• “When I was old and sick in bed, I wanted to look back and say, “I tried to contribute to the world I came to.” I want the world to be better than when I came."

YZi Labs, screening logic and Ellon Mask's alien theory

"I don't look at bright things, I don't look at fancy "great brand" or "genius new ideas," I see very basic things."

"I'm looking for people who truly believe in their mission, even without the money. If you're just trying to make money, I think you'll stop in a relatively successful place, but you won't be a great company in history. So these are the two things: competence and mission

"I don't think Elon cares about money. My theory is he's an alien and he wants to go back to his home planet, and Mars is just a transit station. That's my theory, half a joke, half a seriousness."

MONEY FREEDOM: CZ BOOK LAUNCH

Moderator, Ran Neuner: When did you write your new book, The Freedom of Money

CZ: I started writing in prison when I had a lot of time, but not much access to the outside world. I don't have the Internet, I can only use a very simple terminal, 15 minutes at a time, and I'll be kicked off the line. That terminal can't copy paste, so everything has to be typed. And you can't just delete it, you have to re-enter it. So basically I was just pouring out what was in my head and emailing my assistant and a friend。

After his release, it took about a year and a half to complete. It took me about six months to finish the book, but there's a lot of rounds behind. Each round of changes is a 400-page document that takes two to three weeks。

Moderator, Ran Neuner: What do people think before they write? Why write? You go to prison, you may be afraid, nervous, anxious, why write a book first? What were you thinking

CZ: There are several reasons。First, I wanted to keep myself busy in prisonWriting a book is a good project. You don't need anything else. You just have to stay in your head and write it down. So I've been trying to line up on the computer。

More importantly, some people say that writing books is actually for themselvesYou're talking to yourself, and you're going to look at your life and think about what's important, what's meaningful, what's not important, what's interesting, and write it down。

When I got out of prison, I thought it was a natural turning point in my life, a chapter turning over. I wanted to publish it as soon as I got out of prison, but it took longer. A few months later, I was applying for a pardon and wondered when it would come. And then the pardon came, and I was really surprised, and I thought it would be a good ending。

Moderator, Ran Neuner: Tell me what it's like to write in prison. You said you could use computers sometimes. People out there don't really know what it looks like. We just saw it in the movies. If you want to write, do you write with a pen and paper? Is there only one computer in there? Is the computer online? How does it work

CZThere are 200 prisoners in that unit, there are four terminals, and you have to line up to use the computer. It's only 15 minutes after you go up. Computers have no Internet and can only use one message application to send messages to pre-approved contacts, up to 30 persons. I only have two contacts, one my assistant and the other my friend。

So I went up for 15 minutes each time. When the time is over, it will take several hours before it can be used again, and then re-team. I could use three to four times a day. I've got paper and pens, but I'm just going to write down the next point on a page. When you get on the computer, you write as quickly as you can, and this writing process lasts for about a few months。

Moderator, Ran Neuner: Have you been there for four months, and the task of writing is to keep yourself busy? Is this how the first day, the second day and the third day count down while keeping the brain running

CZ: almost. but technically, i spent 76 days in prison. he then went to the halfway house and was able to come out to the office, but his movement remained restricted and he could not go anywhere he wanted. it was about three to four weeks, and the final sentence was 14 days of re-incarceration. it was written in the book, and i couldn't write it for 14 days because i couldn't touch anything。

Moderator, Ran Neuner: What is the worst part of the prison? Was it the moment you walked in, or was it some time inside

CZ:You don't know what's going to happen before you go inside。The newspaper wrote that I was the richest person in American prisons and the only one imprisoned for a single violation of the Bank Secrecy Act. So before going in, the lawyer told me, "You're the main target of extortion." The question is, how do you protect me from blackmail? I don't know what kind of blackmail is. What if someone puts a knife and a metal stick around his neck? How? So there was a lot of preparation and a lot of anxiety. The book doesn't actually write much of this part。

But when it does, the admission process itself is a little scary。You walk into a unit, 200 strong men looking at you. Finally, however, it was found that most prisoners were reasonable. Some are criminals, some should not be there, and others have stayed too long。

the next concern is, will they keep me there? will there be any other charges? any other reasons? especially since i got to the halfway house, which was supposed to be home-based for the last nine days. but 13 days later, the police came and handcuffed me and returned to the detention centre. detention centres are worse than prisons, as they are temporary and nothing. i was just wondering if they were gonna give me a new charge. the stress is very high。

Even on the day when I was supposed to leave, I was nervous, even on the plane, I didn't relax, and I waited for the plane to fly out of United States airspace。

CA: Sounds like you have a lot of PTSD or no trust in the system. I think this mistrust may have come from the fact that you thought you weren't going to jail, and the whole process sounded like rules could change at any time, and there were no fixed rules in the game。

CZ: Exactly. Any lawyer can tell you that no one in the history of the United States has been imprisoned for a single violation of the Bank Secrecy Act, even today. I'm the only one, the first and the only one. So I'm special. They treat me special. I don't know what kind of special treatment there is。

Five days before my sentence, Senator Elizabeth Warren declared war on encryption. It was the Biden government when there was a war on encryption, so there was a lot of uncertainty. I'm a special case. I don't know what to expect. Even my sentencing judge said he could not follow precedent, because I was a special case。

Moderator Ran Neuner: You are a special case. When you walk outside, someone comes and you're respected here. What's it like in prison? When do prisoners know who you are? Are they respectful of you, or are you just a man who went in for a crime with a serial number

CZ: When I first entered, a few people did recognize me, but they didn't come to talk. Fortunately, all those who recognize me are those who read newspapers, that is, those who are relatively better educated. Most people don't read Wall Street Journal, Bloomberg or New York Times, and they live in prison and they don't know me。

But soon it became clear that I was rich. Most of the people in the prison have no one to send them money, and they are really poor. They must find their own way to make money in prison, for example by helping others to make things, providing services and all kinds of chores。

Of course I have family support, sending me 80 or 90 dollars every two weeks, which is the maximum I can get in prison. It's good for me in prison. So they'll say he's in good shape and then the news will spread。

I've been asked what I'm guilty of, and I say it's a financial crime. When you say financial crime, they automatically think it's fraud. At the outset, I tried to explain that there was no fraud, but they didn't care that they would feel that you were relatively rich, so there was some respect, even if I was not known. Then it became clear that this man seemed to have something to offer. It's not because they read the story, it's a story。

The feariest and most productive moments in prison

Moderator, Ran Neuner: What is the most terrible thing you've ever experienced in prison? Is there one night, one moment, or the most scary thing you see

CZ: I haven't spent much time in relative terms, and although it was very long, there was a lot of new things and a lot of uncertainty. One time, a guard called me into a small room without telling me what had happened, and I sat there for two hours。

Then I realized that I seemed to have violated some dress code and I was walking in the hallway in the wrong clothes. That's the little thing, you get caught, they don't explain it, just sit in a little room about 1 metre by 1 metre for two hours, and that kind of psychological game happens。

I was not physically threatened, and I didn't fight anyone. I've seen a few fights, but they're not serious. No knives. I think that the United States prison system, at least in the prison where I am, is very controlled by physical violence, but it's another thing that prison guards play psychological games with you。

Moderator Ran Neuner: Have you made friends in there

CZ: Yes, I am now in contact with two of them。

Moderator Ran Neuner: You can make friends anywhere. What have they committed

CZOne of them robbed 12 banks, which he was the developer of Cisco, and he was sentenced to 45 years ' imprisonment for robbing the bank with a gun. The final sentence was heavy, as he was armed and contested the case。

He's the kind of guy who reads Wall Street Journal, New York Times and Bloomberg. He ordered magazines in prison. The way he robbed a bank was interesting, for example, if he lost a few thousand dollars in poker, he went to rob a bank at noon the next day. No research, no preparation at all. He was wearing the same T-shirt to rob many banks, and that is why the police linked these cases. He didn't shoot, he was a very gentle man, an IT man, a Vietnamese man, a nice man。

Moderator Ran Neuner: Are you angry in prison? You're a big man out there, you're a prisoner, you're supposed to be treated like an ordinary prisoner. It's a big adjustment. You're used to being important somewhere, walking into another place and being treated as a number, and that feels bad. Are you angry or angry

CZI don't care much about being treated, but I really want to be treated like someone else. I don't even want anyone to know who I am and nobody to treat me differently. I just want to take this four months over. In prison, I don't want to be a big man or be in charge there。I prefer to be ordinary, which is good。

United States federal prisons are normal for people, and I have not been given the special treatment of the good or the bad. What really puts me under stress is the mental dimension, and I just want it to end, not to be prolonged, to return to my family。

Moderator, Ran Neuner: What do you miss most? What do you miss most when you sit in jail

CZ: Very clearI miss my family, my children, my loved ones and my friends。When everything is taken away, you'll figure out what you miss most. You'll miss food, miss your bed, miss a better shower, but the most important thing is people。

M.R. Ran Neuner: Do you ever feel like I'm really going to change when I get out of here and spend more time with these people and less time elsewhere

CZA little bit. I did say to myself that I must spend more time with my family when I came out, and that I had not spent enough time with them before. It reduces the time spent on random people. And there's something out there that people think they'll miss, like parties, events, and you don't really miss it. Those luxury things don't miss。

Moderator Ran Neuner: Do you miss social recognition? Do you miss praise, forwarding and social validation

CZI didn't really think about it, and I thought about it. When I got out, I wrote in my bookI don't really care about fame or even heritage. I don't care what people think of me. I care what I think of myself when I'm old。

Host, Ran Neuner: Is this different from before you went to jail

CZI think it's the same, but it wasn't so clear before. This post is part of our special coverage Global Voices 2011I'm starting to think about what to do next, what matters, what I care about。

Moderator, Ran Neuner: Did the whole prison experience bring anything good? If this experience is summed up, of course prison is not a good thing, but what positive results does it bring

CZSome positive results. The bottom line is that I'm stronger. I practiced in prison and decided to continue after I was released. The other is that it makes you more aware of what matters and changes the way I do things later. It also makes me value life more。

I used to work almost 20 hours a day for six, seven, eight years in a row. It was fun too。

Moderator Ran Neuner: Do you regret it? Regrets working 20 hours a day, not spending enough time with the lover. Or do you think it's those experiences that brought you to this day

CZI don't regret it. I think it was a good experience, and it was fun. But I am also glad that I was forced to turn and rest. Different stages of life do different things. I'm still working hard, but I'm not working as hard as Binance。

I don't regret it. It was a very good experience. I was younger and in better shape. Working like that for many years in a row, it is very demanding。Different stages of life are going through different things。

Moderator Ran Neuner: Will you miss that kind of busy time now? I remember you were very busy running Binance with management, European operations, legal issues. You look much more relaxed today。

CZI am still busy, but I am much less. I'm also involved in the Giggle Academy, which is interesting. They're addressing different issues, such as how to increase the retention rate of children at the App and how to ensure their continued return。

YZi Labs also makes a lot of investments, so there's a lot of projects to look at and a lot to talk about. I will also work with many Governments to help them design the encryption regulatory framework, which will also take time。

Life after release from prison and family connections

Moderator Ran Neuner: Let's tear down CZ's life. I imagine that before the vacation, about 95 percent of CZ's life was Binance, 5 percent was everything else. You look more relaxed and stronger now. So you're 100% today on how to distribute it. It's not necessarily time, it's brain occupancy。

CZ: There are now four main things that occupy a more even focus:Giggle Academy, an educational platform, YZi Labs, BNB Chain, and government consultations。This is the working level. About 80% to 90% of my time, 10% to 20% of my time is home, relax and rest。

Moderator, Ran Neuner: What did you do when you were with your family

CZ:Just spend more time with them。I don't know exactly what to do, but my philosophy is that, as long as I'm with them, I have to have a high-quality time, for example, when I'm with them, I don't read the phone, and I don't get back to the news。

Host, Ran Neuner: Do you feel guilty about big boys? You think you didn't spend enough time with them? How do you make up for it in the rest of your life

CZ:I don't feel so guilty. I think everyone has different paths to grow up。They grew up much better than I did in those years, and even if I had not spent so much time with them, I would still care about them and help them. I think they can feel it。

Now that they are older, they will have problems for young adults, questions about their prospects for work, financial advice, etc. We've been talking. I don't think they hate me. I don't think it's a problem。

Moderator Ran Neuner: I'm asking because I work very hard, too, with young children. I'm always balancing: Have I spent enough time? Do I ever hate myself for working so hard? I don't really need to work. I do because I really like work。

CZHere's another side. You can spend high-quality time, but if you spend too much time taking care of children, you can weaken them. Overprotecting children makes them less vulnerable。

Family wealth management and financial freedom

Moderator Ran Neuner: You have a lot of money now, probably one of the richest people in the world. And what about your children? How do you make sure they don't become spoiled rich kids without a fight

CZI agree with Warren Buffett's philosophy. He's got a famous oneGive the children enough money to feel they can do anything; but don't give them enough to feel they don't have to do anything。I basically agree with that idea。

I won't give the kids a lot of money. Like the grown-ups, I told them I could support you if you wanted to spend the rest of your life comfortable. But if you want luxury, you want a car, a private plane, a yacht, a big house, you have to earn it. I'll make sure that even if you don't earn anything, you get the basic support to live your life。

Moderator, Ran Neuner: Do you think your child will be hungry? They're one of the richest people in the world. Are there any other incentives

CZTwo big kids look motivated, they want to find a job, they ask me about different job opportunities, they ask for financial advice, and they feel hungry。

Moderator, Ran Neuner: What do the kids think about Dad's prison? This matter has been publicly reported and is a very high profile financial case. How does this affect them at the social level

CZ"I don't feel anything. I've always been public, so they understand them." They understood why I was in prison and how it was. I am the only person imprisoned for violating the Bank Secrecy Act, without fraud or other more serious offences, and I am a special case. My kids aren't very good at talking to my friends, and I'll keep them quiet。

Moderator Ran Neuner: When you walk into college, into school, two weeks ago your father was taken to jail, people always talk。

CZ: Not really that much. I think only close friends know who their dad is. And of course close friends are supportive. The kids are smart now. They'll see my case. I didn't lose my children, their friends or my friends respect me for being in prison。

Moderator, Ran Neuner: What are you leaving behind? When you leave the world, billions of dollars and many businesses may remain。

CZ:I won't leave them billions of dollars。I may leave them tens of millions of dollars in assets, and I hope that through trust arrangements, the younger I get a certain amount every year, the younger I get, the older I get. The logic is that if they're 45, 50, they haven't achieved much, take more。

Moderator, Ran Neuner: Will this not be an incentive to not work

CZ: No, it is an inspiration for them to do something. If they had succeeded, the money would have been meaningless to them。

Moderator Ran Neuner: What are you going to do with your money

CZ:I'll try to make money work. Money is an enabler, and I want it to help the world make a positive impactIt's really hard. It is not easy to send money out or put it for a certain purpose to have a positive impact. I want to spend most of my money while I'm alive。

I don't really believe in the practice of "last-life charity." I think that's a terrible way of using money, because then you can't really control it. I hope that there will be decades before we can continue to try to deploy the money where it has a positive impact。

Moderator, Ran Neuner: Ordinary people spend about 28,800 days in their lives. The first 5,000 days and the second 5,000 days may not count well, and the first is the formation period. So there's about 18,800 days in the middle, and you're almost at the midpoint of 18,800 days. In other words, there may be 9000 days left. You have to use them all. What exactly did you say you wanted to invest in something that would have social returns

CZ: OF COURSE, CHARITY CAN HAVE A POSITIVE IMPACT ON THE DIRECT DELIVERY OF MONEY, BUT I DON'T THINK THIS IS THE GREATEST IMPACT. THE BIGGEST IMPACT IS TO UPGRADE THE TECHNOLOGY WE HAVE. SO I PUT GREAT EMPHASIS ON INVESTING IN AI AND BIOTECHNOLOGIES. FOR EXAMPLE, YOU SAID WE HAD 9000 DAYS LEFT, AND MAYBE WE COULD INVEST HEAVILY IN BIOTECHNOLOGIES TO MAKE THAT 9000 DAYS LONGER AND OF HIGHER QUALITY。

I THINK WE'RE AT A STAGE: AI CAN HANDLE A LOT OF DATA, FIND MODELS, DO EXPERIMENTS; AND IN BIOTECH, WE DON'T UNDERSTAND THE HUMAN BODY WELL ENOUGH. SO I CAN INFLUENCE THESE PLACES WITH MONEY, EVEN THOUGH I'M NOT A BIOLOGIST。

The ultimate truth about money: the global adoption of Bitcoin, AI and the block chain

Moderator, Ran Neuner: Are you still passionate about block chains, encryption and encryption money

CZOf course, absolutely. I've been through three basic techniques since I was an adult:INTERNET, BLOCK CHAINS AND AI。AI IS NEW AND SEXY, BUT THAT DOESN'T MEAN WE DON'T MAKE INTERNET AND BLOCK CHAINS ANYMORE. THE BLOCK CHAIN IS MONEY. IT'S ABOUT MONEY TECHNOLOGY. WE ALWAYS NEED MONEY. WE NEED MORE, MORE EFFICIENT, MORE FREE MONEY。

Moderator, Ran Neuner: What's the hit-and-kill meeting of the block chain? Is it AI Agent currency

CZ: AI Agent currency is one of them. We can ask another question: what is a killer application of money? It has many directions. Money drives the economy, drives innovation and is the system in which global finance operates. You look at companies in one country, you look at companies in another country, but money should be global, so there are many different examples of block chains。

I STILL DEVOTE 80% TO 90% OF THE TIME, MONEY AND ENERGY TO THE BLOCK CHAIN. AI AND BIOTECH ARE GOOD, BUT THAT'S NOT MY SPECIALTY. I THINK THAT ONE SHOULD DO WHAT ONE IS GOOD AT, INTERESTED IN AND USEFUL FOR OTHERS, AND THAT THE INTERSECTION OF THESE THREE IS MOST IMPORTANT。

Moderator Ran Neuner: Do you think Bitcoin will become a global currency? Bitcoin has existed for so many years, we know its problems and we know quantum risk. Do you think Bitcoin will become a global currency? Or has your opinion changed

CZ: Not yet. In terms of the information I saw todayBitcoin is still dominant and has the resilience to continue to dominate. There is nothing to replace Bitcoin. There might be a better Bitcoin currency in the future, but I haven't seen it yet。

Moderator Ran Neuner: The block chain has grown to this day, counting 15 or 16 years. One of the killer applications we created was Bitcoin, which was stored as value, but it was not exactly money; one was bringing the French currency to the chain so that it could be traded at any time; and the other was creating and trading digital value, which anyone could create and trade. But it can also be said that we don't have a real, decisive killer example, and we haven't got ChatGPT moment。

CZI agree. But it is also important to understand that over the past 15 years, Cripto, block chains and Bitcoin have been subjected to strong government repression. It is only over a year and a half that we have seen a real shift from the United States to support encryption. That is, we have only one and a half years in a government-supported development environment。

IT'S BEEN REPRESSION, AND IT'S ALMOST EVERY COUNTRY, AND UAE IS ONE OF THE FEW EXCEPTIONS, AND IT'S ONLY NOW THAT WE SEE A GRADUAL SHIFT IN GOVERNMENT SUPPORT。

They also realizedEven under repression, the technology is growingI don't know. Bitcoin went from 5 cents to $80,000 today. This growth continues even under repression. So many killer applications have been strangled before they could grow up. Pay, small payments, Agent payments, Agenic Money, all coming。

Moderator Ran Neuner: This is all going to happen in an AI world where there are billions of Agents. So, what kind of currency will Agent use in the future? Could it be Bitcoin? Could it be dollars

CZThe details are difficult to predict. There are several possibilities, I don't know which one will win. One is that they use Bitcoin, possibly Lightning Network, or other L2s on Bitcoin, to achieve instant, low-cost small transactions。

Moderator Ran Neuner: The advantage of this programme is that we know that it works, that it has a network effect, that it is global and that it cannot be controlled by any country. So we get a global world without borders. What are the other options

CZ:Another extreme is more central。Today ' s AI company is highly centralized, and the real top AI models may be less than 10, maybe less than 3 to 4, at least now the AI pattern is very central. No one knows if future open source models will win. But in a highly centralized structure, AI can launch its own block chain or its own encryption Token, not AI Token, but Cripto Token. That could be either a new chain or a more privatized or enterprise-level block chain, which was also a possibility。

I think there will be many different attempts in all areas of the future, and then we will see where it will end。

Moderator Ran Neuner: For some time, especially after October 10th, I fell to a low level of encryption. I'd think that Bitcoin might be hit by quantum risk, but there's no one

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