CZ: Understand CZ's Heartache, Emphasize That "Riding on" Others' Success Requires Respecting Their Choices
BlockBeats News, January 14 — CZ responded to the “Meme Coin HAPPY-SCI donation of $420,000 destroyed, $4 million market cap nearly wiped out” incident, expressing understanding of the community and P Xiao’s pain and suffering.
However, there are always two sides to every story, and he made the following clarifications:
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You cannot forcefully “ride on” others. Everyone can try to ride on others, but if others ignore you or handle it in a way you don’t want, you have to accept it. After all, it’s you who is riding on others. In a decentralized world, respecting others’ choices is essential.
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Everyone has their own ideas. Not everyone wants their small charity project to be linked to a Meme token (whose origin is unknown). This can indeed distort the purpose of charity. Is it truly charity or just helping P Xiao’s team get rich overnight? Do you have a position? Is it charity or selling out with a wolf’s head? Even with words, it’s hard to clarify. Maintaining integrity is more important.
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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.