CZ: Understand CZ's Heartache, Emphasize That "Riding on" Others' Success Requires Respecting Their Choices

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On January 14th, CZ responded to the “Meme coin HAPPY-SCI donation of $420,000 being destroyed, and the $4 million market cap nearly zero event,” expressing understanding of the community and P Xiao’s pain and suffering. But every coin has two sides, and he made the following clarifications:

  1. You can’t force “riding on” others. Everyone can try to ride, but if others ignore you or handle it in a way you don’t want, you just have to accept it. After all, it’s you who is riding on others. In a decentralized world, you must respect others’ choices.
  2. Everyone has their own ideas. Not everyone wants their small charity project to be linked to a Meme token (whose issuer is unknown). This can indeed distort the purpose of charity. Is it truly charity or helping P Xiao’s team get rich overnight? Do you have a position? Is it charity, or selling out under a wolf’s head? Even words can’t clarify. Maintaining integrity is more important.
  3. Everyone’s situation is different. In the companies or projects I can advise, I “recommend” strict opposition to insider trading. If there is any involvement with external projects, conflicts of interest are hard to clarify, and most will be dismissed. I believe everyone supports this 100%. But the community wants employees to support their projects and also eliminate the possibility of insider trading—these two cannot coexist.
    Additionally, CZ reiterated that he is not very familiar with the overall situation, but for Siyuan, reason 2 might be the biggest. Respect your own choices. Don’t shift all the responsibility onto others.
MEME5.75%
HAPPY-1.76%
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