DeFi Education • 859 implied HN points • 22 Nov 23
- Crypto is a mix of two types of people: missionaries, who believe in its mission, and mercenaries, who seek profit. Both play important roles in shaping the market.
- Binance's CEO, CZ, is an example of someone who started looking for profit but grew to value the cryptocurrency mission. His journey shows how these roles can change over time.
- The recent settlement with U.S. regulators could signal a shift towards more oversight in crypto, which might make it safer and attract institutional investors, but it could also limit the freedom that originally attracted many to the industry.