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MasterClass is a streaming platform with hundreds of video lessons. In December 2022, they launched a new class on cryptocurrencies and blockchain.
CZ was one of four experts chosen to teach the cryptocurrency class, which has been one of the most requested topics in MasterClass.
The class, which lasts three hours and 40 minutes and is divided into 18 lessons, is available to anyone who subscribes to MasterClass .
During the class, the four experts, including CZ, share their views on key topics such as value transfer, cryptocurrency custody, decentralization, risk management, and the future of cryptocurrencies.
CZ, CEO of Binance, was one of the instructors of the MasterClass class “Cryptocurrencies and Blockchain” along with experts Emilie Choi, Chris Dixon and Paul Krugman. Let's take a closer look at some of the ideas CZ shared in the nearly four hours of lessons to offer a small sample of what we can find.
MasterClass is a streaming platform with hundreds of video lessons in more than 180 classes taught by the world's leading experts. And by being available online, anyone can access these experts' knowledge and get inspiration, regardless of where they are. On December 8, Changpeng Zhao (CZ), CEO and co-founder of Binance, became a MasterClass instructor thanks to the launch of a new class on the platform, called “Cryptocurrencies and the Blockchain.”
CZ was one of four experts Ecuador Mobile Number List chosen to teach the cryptocurrency class, which has been one of the most requested topics in MasterClass. The class, which lasts three hours and 40 minutes and is divided into 18 lessons, is available to anyone who subscribes to MasterClass. In fact, everyone who subscribes to MasterClass will be able to access the more than 180 classes available on the platform. Read on to learn the five key insights CZ shared in his MasterClass class.
About transfer of value
CZ's reflections [Lesson 2]: «The blockchain is just a new way to transfer value. The pizza transaction [the first known purchase of physical goods with bitcoin] was actually quite a milestone. At some point [bitcoin] reached the value of one dollar. People said, "Impossible. That's magic Internet money." Then it went to 10 dollars, 30 dollars… And then? It dropped back to two dollars and people were saying, "See? It's a scam." Everything we see today, we have already seen many times. And little by little the market recovers.
Key Takeaways : While cryptocurrencies and blockchain are often discussed in the media in relation to speculation and investment, CZ's lesson here is that we should not ignore or forget the main uses of cryptocurrencies, such as payments and the transfer of value.
Binance's take : More and more people around the world are using cryptocurrencies like BNB, BTC, and BUSD to transfer value. Large retailers, such as Microsoft and Starbucks, as well as many small businesses, accept cryptocurrencies in exchange for their products and services. There is no need to speculate, we must focus on the uses of cryptocurrencies.
About the cryptocurrency holding
CZ's reflections [Lesson 2]: «There is still a key piece missing, and that is that, for a normal person, it is not easy to have cryptocurrencies safely. “The technology has to improve a lot for the sector to reach mass adoption.”
Main takeaway : For cryptocurrencies to reach the masses, they have to be simple. Right now, anyone can hold cryptocurrency in a self-custodied e-wallet, but that also puts pressure on users to manage their own security. To set up an e-wallet, you need to be familiar with how a recovery phrase works and how to store it securely, without putting your funds at risk. And if you make a mistake, no one is going to help you.
Binance's opinion : We believe that Binance is a good gateway to the world of cryptocurrencies, as it helps users take care of their digital assets through a custody service, which means that there is always someone to help you, and for Binance Customer safety always comes first.
About decentralization
CZ's reflections [Lesson 9]: «The debate about decentralization versus centralization is not a black and white question. Many people have a very simplistic view. For example, some say, "Okay, if I store my keys in my e-wallet, it's decentralized; and if I store it on an exchange, it's not." But it is neither one thing nor the other. Most people do not consider whether centralization or decentralization is better, what matters to them is the freedom of transactions, low cost, security and ease of use.
Main conclusions : decentralization is not binary, it has many aspects and each of them is part of a gray scale. It is also important to remember that decentralization is part of the journey towards something better, it is not the goal in itself. The goal is freedom, security and ease of use.
Binance's Take : Centralized exchanges like Binance are an incremental step for users to access cryptocurrencies and can act as a bridge between centralized and decentralized systems. At Binance, we believe in taking incremental steps, as well as offering users options for all available tools.
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發表於 13:48:47