@Supers6061: Finished watching Cousin @cz_binance's latest chat; this video is entirely in Chinese, which is very friendly! (Highly recommend everyone to watch the original video) 1) Work & Management Style: He replies to messages instantly, afraid he'll forget if he turns away, answering at least 500 messages a day. When managing the team, he never chases for progress, requiring subordinates to actively report to him. He only keeps 3-5 most important things in mind, ...

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This article summarizes the management style, entrepreneurial advice, insights on the cryptocurrency industry, and personal updates shared by Binance founder CZ in a fully Chinese chat.

Finished watching Cousin @cz_binance's latest chat; this video is in full Chinese, very user-friendly! (Highly recommend everyone to watch the original video) 1) Work & Management Style: He replies to messages instantly, afraid he'll forget if he turns away, answering at least 500 messages a day. When managing the team, he never chases for progress, requiring subordinates to actively report to him. He only keeps 3-5 most important things in mind, and leaves the rest entirely alone (So we need to be proactive in our work) 2) If Starting a Business Again in 2017: The first strict rule would be to avoid U.S. users from the beginning to evade regulatory risks. Financial products like contracts would have been launched earlier, and proactive engagement with regulators in various countries would have started sooner. 3) Core Method for Handling Pressure: He separates emotions exceptionally well; one moment he's dealing with a troublesome lawsuit, and the next he can immediately calm down for a product meeting. He never sets goals like 'must earn this much' or 'must rank this number'; he just does his best and leaves the results to fate. He sees the world as a simulation game, just play it to the best of your ability, and this mindset alleviates most of the pressure. 4) Advice for Entrepreneurs: Nine out of ten startups fail, so don't oversimplify things; the most important traits for a boss are optimism, resilience, adaptability, and genuinely loving what you do. Don't just busy yourself with self-gratifying activities; if it's not useful, it's better to rest. 5) Assessment of the Cryptocurrency Industry: Bitcoin's value and longevity are already widely accepted. However, practical applications like payment adoption and real estate certification are slower than expected, and blockchain technology upgrades are also progressing slowly. On the other hand, the development of RWA and stablecoins is much faster than he previously thought. 6) Why He Still Works After Achieving Financial Freedom: Lying around every day and playing golf for too long becomes boring. He believes that people are naturally happy when they help others, unrelated to fame or fortune. For example, with the free educational platform Binance Academy, seeing it grow from over 100,000 students to 1.2 million makes him very happy (As of now, it's in 189 countries with 1.46 million users). Therefore, he advises us to do what we love. 7) Recent Health Update: He had two minor surgeries for a herniated disc, recovered for over two years, and still feels uncomfortable after sitting for long periods. He usually works lying down at home, but now he can exercise normally and sit for one to two hours during interviews without issues.
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CZ’s Chat Recap: Work Style, Advice, and Crypto Insights

  1. Work & Management Style:

    • He replies to messages instantly, fearing he’ll forget otherwise—at least 500+ replies daily.
    • He never micromanages progress; he expects his team to proactively report to him. His mind only holds the 3-5 most critical things; everything else he delegates (so we must take initiative).
  2. If Starting Over in 2017:

    • The first strict rule would be to avoid U.S. users from the start, sidestepping regulatory risks.
    • Financial products like futures would launch earlier, and he’d proactively engage with regulators in various countries sooner.
  3. Core Method for Handling Pressure:

    • He compartmentalizes emotions—moving from a stressful lawsuit one moment to a calm product meeting the next.
    • He never sets rigid goals like “must earn X” or “must rank Y.” He just tries his best and leaves the outcome to fate.
    • He views the world like a simulation game; just play your best. This mindset alone relieves most of the pressure.
  4. Advice for Entrepreneurs:

    • Nine out of ten startups fail—don’t oversimplify things. The most crucial traits for a founder are optimism, resilience, flexibility, and genuine passion for the work. Busywork driven by self-appreciation is pointless; better to rest.
  5. Outlook on the Crypto Industry:

    • Bitcoin’s value and longevity are widely accepted.
    • However, real-world adoption in areas like payments and real estate certification is slower than expected, as is blockchain’s technical evolution.
    • But developments in RWA (Real World Assets) and stablecoins are advancing faster than he anticipated.
  6. Why He Still Works After Achieving Financial Freedom:

    • Lying around and playing golf gets boring eventually.
    • He believes humans are naturally inclined to find joy in helping others, independent of fame or fortune. For example, seeing the GEEK ACADEMY—a free educational initiative—grow from teaching tens of thousands to 1.2 million children (as of now, 1.46 million students across 189 countries) brings him immense happiness.
    • His message: Do what you love.
  7. Recent Health Update:

    • He had two minor surgeries for a herniated disc, followed by over two years of recovery. Prolonged sitting still causes discomfort, so he often works lying down at home.
    • He now exercises normally and can comfortably sit for one- to two-hour interviews.

CZ BNB@cz_binance·9h: Casual chat with Hanyang. x.com/HanyangWang/st…

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