CZ Weighs in on Twitter Spat; Asks Everyone to Stand Together
The latest to weigh in on the Michael Saylor-Charles Hoskinson Twitter rift is the CEO of Binance, Changpeng Zhao, aka CZ. “The world is too divided,” wrote the tech leader on his Twitter feed.
Zhao, without explicitly taking a stand, explained that what’s bad for one project is usually bad for other projects too. “Also, market is nowhere near saturated. It’s a growing together phase.”
Crypto Twitter seems to agree with Zhao’s approach to the issue. “The world is becoming more and more divided and it’s important for us to stand together and support each other,” said one user. “Crypto will continue to grow, and will be accepted worldwide, everyone will realize what is best for the world, we will grow together, spread it together, we are still early,” declared another.
The world is too divided.— CZ 🔶 Binance (@cz_binance) July 17, 2022
For crypto now, early adoption phase, still a lot of skepticism from mass consumers, what's bad for one project is usually bad for other projects too.
Also, market is nowhere near saturated. It's a growing together phase. https://t.co/wd4Mj5cwcd
However, there were some who were quick to call out Zhao’s supposed double standard through comments such as “Probably u shud stop attacking @SBF_FTX then as well.”
This Twitter spat began when self-proclaimed Bitcoin “maximalist” and CEO of MicroStrategy Michael Saylor declared that ADA, the native coin of Proof-of-Stake (PoS) blockchain Cardano, was a security.
Charles Hoskinson, the co-founder of Cardano, who was clearly not pleased with the comment called Saylor the “Tone Vays” of this cycle of crypto. For context, Tone Vays is a podcaster who is known for his skeptical stance on crypto. Hoskinson further explained that Cardano had far more real-life utility than Bitcoin.
Speaking more about the benefits of Cardano in comparison with Bitcoin, Hoskinson said that nobody controlled Cardano, was completely decentralized, and had more use and utility than Bitcoin. “People buy the token not to speculate which is the only thing they can do with Bitcoin,” stated Hoskinson.