Zhao Changpeng: Blockchain has no national boundaries and does not use the “offshore” and “onshore” thinking to discuss issues

On February 20, Zhao Changpeng, founder of Coin An, tweeted: “The term ‘offshore’ appears too narrow, self-centered, and takes the overall situation into consideration, which is not conducive to the development of our industry. From the perspective of ‘onshore’, FTX.US is a ‘onshore’ exchange (starting from the United States) 。 The chief executives of SBF and FTX are Americans. They spent a lot of time and energy lobbying in the United States. This did not prevent fraud. The distinction between “onshore” and other people is self-centered and a bit arrogant.

Interpretation of this information:

The message was delivered by Zhao Changpeng, the founder of Coin An, via his Twitter account on February 20. He expressed his thoughts on the term “offshore” and the harm it may bring to the development of the industry. He believed that this term was too narrow and self-centered, and it disregarded the bigger picture. He then introduced the concept of “onshore,” referring to FTX.US, which was established in the United States and had American executives leading the company. Despite their lobbying efforts, fraud still occurred, and he criticized the idea of self-centering and arrogance that came with the distinction between “onshore” and other people.

Zhao Changpeng’s message carries a significant meaning for the cryptocurrency industry as it aims to promote inclusivity and impartiality. His criticism of the term “offshore” highlights the importance of taking into account the industry’s overall situation and avoiding being too narrow in our views. Instead, he offers an alternative perspective of “onshore,” emphasizing the importance of having well-established connections with countries where regulation and rule of law are considered robust.

The message also exposes the arrogance that comes with being self-centered which may hinder the growth of the industry. Zhao Changpeng refers to FTX.US and the lobbying efforts of its American executives, which he believes did not prevent fraud. This observation could be interpreted as a reminder to avoid focusing on individual interests and instead prioritize the collective growth of the industry.

Overall, the message by Zhao Changpeng is a call for cryptocurrency industry players to view the industry from a wider perspective, foster inclusivity, and prioritize collective growth instead of individual interests.