Binance CFO Has Choice Words for Facebook’s Mark Zuckerberg About Closed Blockchain Ecosystems
Binance CFO Attacks Facebook Creator Mark Zuckerberg For Creating Closed Blockchain Ecosystem
Wei Zhou, the CEO of Binance, the largest exchange in the world, has recently called Mark Zuckerberg a megalomaniac who is creating blockchain and crypto projects in order to squeeze crypto-based companies out of their current dominance in order to take over the market.
According to him, many misguided Bitcoin supporters have been praising the social media company for experimenting with the blockchain tech, however, they are wrong as Zuckerberg wants to create a fully centralized version of something that should be decentralized and free to use.
While these people believe that Facebook Coin might give more legitimacy to the whole industry, Zhou, which is a former colleague of Zuckerberg, as he also went to Harvard, affirms that Zuck is not doing anything in order to promote other cryptos than his own and that people are gravely mistaken about this goals.
What Zuckerberg wants, Zhou affirmed, is to create a closed monopoly, which is the exact opposite of the ideas on top of which the crypto community is created.
He wants to use the 2 billion users that Facebook already has in order to operate as an unregulated nation with its own domestic economy, not to create a free trade system for all. Facebook will be the government. They do not want to open their system but to wall off the people who are already inside. This is a very stark contrast with what the crypto industry is expected to be.
Because of all this, Zhou has affirmed that he simply does not believe in Zuckerberg’s intentions and that he knows Zuckerberg personally for when they went to the university together, so he has reasons not to believe him.
They both attended Harvard in 2004 and Zhou was one of the first 2,000 students that participated in Facebook. Zuck never gave credit to any of them for being early supporters as the company evolved, so he is very skeptical about his intentions being slightly positive.
Most crypto companies, however, value their communities as important parts of them and these people do not leave because they feel important there, but this is something that is very unlike what Zuckerberg would want to do.
Facebook Is Not Community-Driven, Zuckerberg Is A Dictator
Based on his personal experiences with the creator of Facebook, Zhou believes that his blockchain will have decisions that will be made by a single person, so they will not be inclusive.
He may promote decentralization but with a totally centralized ecosystem centered on him. He wants to be the sole leader, you can see that in his personality, Zhou affirmed. Zuckerberg will be a dictator in his new transnational country. He is seen as megalomaniac, something that even some shareholders believe sometimes.
For instance, some shareholders asked him to step down as the chairman because he rules his monopoly like a dictator, what he did not agree to do. Zuckerberg has been the chairman since 2012 and has too much power in his company because he is also the CEO and the controlling shareholder.
Will this man bring out the revolution? Of course not.