THE 10TH BOOK OF THE CZ: "NINE-FOUR" IN ADVANCE, FIRST-EVER PUBLIC
OriginalOdaily Daily PlanetGolem
On April 8th, the new book "Freedom of Money" by the founder of Bian (Zhao Chang Peng) officially came online, and users can now purchase an electronic version on the Amazon networkChinese users can also spend $ 1.99 on idle fish for reading。
Freedom of Money is a memoir of the CZ from a first person's perspective, looking back in time at the process of creating Bian-An in 2013 by moving from rural Jiang-su to co-fertilized to Canada to work on technology and finance in Tokyo, New York and Shanghai。THE SECOND HALF OF THE BOOK FOCUSED ON CRISIS MANAGEMENT IN THE WAKE OF THE GROWTH OF THE CURRENCY, THE FTX INCIDENT, GLOBAL REGULATORY CONFLICTS, AND HIS EXPERIENCE IN 2023 WHEN HE CONFESSED TO THE UNITED STATES, SERVED HIS SENTENCE AND WAS PARDONED AFTER BEING RELEASED FROM PRISON。
Freedom of Money is about 180,000 words, which is a medium volume in the book of recollections of celebrities/entrepreneurs, but it takes about 6-9 hours to complete full reading. In order to provide readers with a quick picture of the core highlights of the CZ new book and its previously undisclosed personal experience, the Odaily Planet Daily has refined and summarized the content of Freedom of Money. If this is not enough, the reader is recommended to buy a full reading。
1.It's Mt.Gox, China District CEO, 100 BTC
At the beginning of 2014, CZ was recommended as the CEO of Mt.Gox China District, and the final proposal was for Susquehanna to finance, Mt.Gox to technicalize, and he was in charge of Chinese operations, with 10 per cent equity. As a result, when the contract was about to be signed, Mt.Gox suspended the user withdrawal on February 7, 2014, and CZ decided not to join。
But CZ isn't without damage100 bitcoins (at that time worth $50,000 and now about $7 million)IT'S GONE, TOO, BUT CZ DIDN'T GET IT BACK。
2. COMPLETION OF THE WHITE PAPER IN THREE DAYS
IN 2017, FRANZ'S WHITE PAPER WAS COMPLETED IN THREE DAYS. THE PROCESS INCLUDED THE CZ, FROM LEARNING ICO TO THE FINAL ENGLISH VERSIONI DON'T KNOW. ON JUNE 14, 2017, THE CZ JOINED THE CHONGQING HOTPOT ORGANIZED BY GUO HONGQIAN, WHO DECIDED TO GO TO ICO AFTER THE DINNER AND RAISED $15 MILLION WITH YANG LINKO. BNB WAS BORN。
MASTER BAO HAS ALSO TAKEN THE INITIATIVE TO BECOME THE INITIAL ADVISER TO THE ICO AND TO REQUEST SOME BNB TOKENS. A TOTAL OF FIVE ROUNDS OF ICO WERE CARRIED OUT, ALL SOLD EMPTY IN SECONDS, AND AT THE END OF THE LAST ROUND OF ICO ON 2 JULY 2017, CZ WOULD HAVE GONE TO THE EQUIVALENT OF $15 MILLION IN DIGITAL ASSETS. IN THE MEMOIRS, CZ WROTE THAT THE STAFF WAS IN THE OFFICE, BUT THE CELEBRATION WAS TO ORDER A SLIGHTLY MORE SOPHISTICATED TAKE-OUT, AND 20 PEOPLE ROTATED AND FED BACK TO THEIR PLACES。
AT THAT TIME, CZ ALSO PAID ALL ITS EMPLOYEES AN ICO PRICE OF 0.1 BNB, WHICH WAS EQUIVALENT TO ONE MONTH'S SALARY, AND CZ GAVE HIMSELF 50,000 BNBS, WHICH HE HAD NOT MOVED AND WHICH HAD BEEN WORTH OVER $24 MILLION BY THE END OF WRITING。
Where's the name "bian"
ON JUNE 17TH, 2017, THE CZ INVITED THE SHANGHAI OFFICE IN BIAN TO HELP REVISE THE WHITE PAPER(Odaily)I DON'T KNOW. IN HIS MEMOIRS, THE CZ SAYS THAT THE WHITE PAPER ON THE TABLE SAYS, "YOUR CHINESE NAME NOW SOUNDS LIKE A SUPERMARKET." SHE THEN PROPOSED TO CHANGE IT TO "MONEY." CZ CHANGED HER NAME ON THE BOARD, DIDN'T COUNT TO MASTER FENG SHUI, AND DIDN'T MEET AGAIN。
BUT THESE CZS, IN THEIR MEMOIRS, SAY THEY'RE THE ONES WHO LURED INTO CHEON-ANN'S BENEVOLENT MACHINEI DON'T KNOW. FINALLY, ON JULY 13TH, 2017, THE LAST NIGHT THAT MINAN WENT ONLINE, THE CZ CALLED WHO HAD PROMISED TO JOIN THE COIN, AND GAVE HIS RESIGNATION THE FOLLOWING DAY。
Run ahead of word of the “9-4” and remove the phone card for tracking purposes
ON 4 SEPTEMBER 2017, SEVEN CHINESE MINISTRIES AND DEPARTMENTS ISSUED A JOINT COMMUNIQUÉ EXPRESSLY PROHIBITING THE OPERATION OF ENCRYPTED CURRENCY EXCHANGES, THE MINING OF ENCRYPTED CURRENCY AND ICO. AND THE NIGHT BEFOREIN HIS MEMOIRS, THE CZ SAID THAT HE HAD A MESSAGE ON HIS CELL PHONE THAT HE WAS GOING TO MAKE A BIG DEAL THE NEXT DAYI don't know. At 12:30 in the morning, the CZ had an emergency telephone meeting with the executive, and it was decided that he and Heina would go to Tokyo first, while the others stayed in Shanghai for a while。
TO PREVENT THEM FROM BEING TRACED, THE CZ IS STILL ON ITS WAY TO REMIND CZ TO REMOVE THE SIM CARD AND TURN IT OFF. BUT THEN CZ WAS TOLD THAT THE IDEA CAME FROM A SPY FILM SHE HAD SEEN AND THAT SHE HAD NO IDEA IF SHE WAS ACTUALLY BEING FOLLOWED。
5. THE CZ AND HO, LEE LIN HAS BEEN JAILED
In his memoirs, CZ stated that in January 2015, when he tried to renegotiate his 10 per cent OKXcoin interest, CZ resigned because of his dissatisfaction。
CZ recalled that after his departure, Seo-sung continued to accuse him of having forged Roger Ver and OKCoin ' s contract of cooperation while in office。CZ clarified in Reddit that after Seo had started to physically assault him, he also put pressure on him to publicly accuse CZ, but who refused and chose to leave。
IN 2022, TWO PROMINENT FIGURES IN THE CHINESE-SPEAKING REGION, XU STAR AND LEE LIN, WERE DETAINED. LEE LIN WAS PLACED UNDER HOUSE ARREST FOR 90 DAYS AND FINALLY DECIDED TO SELL THE COIN TO SUN. BUT IN 2025, CZ SAID IN A BOOK, AT A DINNER PARTY, LEE LIN TOLD HIMHe had seen a screenshot showing that it was he who personally reported him to the Chinese police that led to his arrest。
6.YEAH, IT'S A BAD FIRST IMPRESSION OF SBF
The 2022 FTX thunderstorm was a major event in the encryption industry, and CZ also wrote in Freedom of Money about his real thoughts at the moment of his “neglect” with SBF and the FTX thunderstorm。
CZ first saw SBF in January 2019. At the time, SBF was also the CEO of Alameda, CZ, who in his book said that SBF seemed smart and very emotional -- "Whatever you say."。
A FEW MONTHS LATER, FTX WENT ONLINE JUST A MONTH AGO AND SBF CAME LOOKING FOR CZ INVESTMENTS. ALTHOUGH THE CFO AT THE TIME WAS VERY GOOD ABOUT THE FTX, CZ AND WHO REFUSED THE INVESTMENT. IN NOVEMBER 2019, FTX REDUCED THE VALUATION FOR CURRENCY AND OFFERED BNB FOR FTT, CZ. IN HIS MEMOIRS, HE WROTE THAT “BUSINESS TERMS ARE GOOD”. FINALLY, IT HELD 20% OF THE FTX SHARES。
IN HIS MEMOIRS, THE CZ STATED THAT AFTER THE INVESTMENT HAD BEEN COMPLETED, THE SBF HAD CHANGED ITS FACE, NOT ONLY TO EXCAVATING COIN-ANNE'S VIP CLIENT MANAGER AND MANY OF THE “VALUE-FOR-MONEY” EMPLOYEES, BUT ALSO TO SAY BAD THINGS ABOUT HIM IN WASHINGTON. SO EVEN THOUGH IT WAS STILL A SHAREHOLDER IN FTX, THE RELATIONSHIP BETWEEN CZ AND SBF FELL TO THE ICE POINT。
SO, IN 2022, WHEN THE FTX STORM STRUCK, THE FIRST MESSAGE THAT SBF WAS LOOKING FOR CZ WAS, "DID OUR RELATIONSHIP GO TOO FAR?"AND THEN THE TWO OF THEM SPOKE, AND THE SBF SAID IT WAS WORTH BILLIONS OF DOLLARS。
IN THE MEMOIRS, THE CZ SAID, "I DON'T WANT FTX, I DON'T WANT TO HELP SBF. BUT IN ORDER TO PROTECT USERS AND INDUSTRIES, IT IS NECESSARY TO INTERVENE”。THEN, AS WE ALL KNOW, BIAN AND FTX SIGNED A NON-BINDING LETTER OF INTENT (LOI), AND ON NOVEMBER 8, SBF ANNOUNCED ON TWITTER THAT IT INTENDED TO BUY FTX, AND ON NOVEMBER 9, IT DECIDED TO QUIT。
Refusal to charge $20 million and set the rules for the money yourself
IT'S A STRICT CURRENCY REGULATION TODAY, AND IT'S BEEN IN SHAPE SINCE THE CZ. CZ RECALLED THAT, 10 YEARS BEFORE THE ENTRY OF CURRENCY INTO THE GLOBAL EXCHANGE, A PROJECT HAD BEEN PROPOSED DIRECTLY BY ONE OF THE PARTIES, GIVING HIM AN INDIVIDUAL US$ 20 MILLION “CEILING FEE”, BUT CZ HAD REFUSED ON THE SPOT AND BLACKLISTED THEM。
AS A RESULT, CZ IS AWARE OF THE NEED FOR A REGULATORY AND TRANSPARENT CURRENCY EXCHANGE MECHANISM. SO HE PERSONALLY DREW UP THE "STANDARD OF MONEY ON THE NET" WHICH MAKES IT CLEAR THAT ALL APPLICATIONS MUST BE SUBMITTED THROUGH THE OFFICIAL ONLINE FORM
THE CURRENCY TEAM AND THE PROJECT PARTY MUST BE “PHYSICALLY ISOLATED”. AT THE SAME TIME, CZ ALSO STATED IN HIS MEMOIRS THAT HE HAD NOT AGREED TO THE PRACTICE OF SEEING OTHER EXCHANGE DIRECTORS BUSY WITH BUSINESS CARDS AND RELATIONSHIPS AT VARIOUS MEETINGS。
8. Investment Twitter became a small shareholder of SpaceX
IN 2022, NEWS OF CZ SPENDING $500 MILLION IN SUPPORT OF MASK'S ACQUISITION OF TWITTER WAS WIDELY CIRCULATED IN THE ENCRYPTION RING. IN THIS CONNECTION, THE CZ WROTE IN HIS MEMOIRS THAT HE HAD CHOSEN TO PARTICIPATE IN THE INVESTMENT ON THE GROUNDS THAT MONEY WAS FREE FOR MONEY AND THAT FREEDOM OF EXPRESSION MUST BE UPHELD。
CZ claims that the investment process was a twist, and that it was better to end up with a $500 million investment, and that he attended only a few meetings. CZ wrote in his book that he is still a small shareholder in Twitter (now called X) and that he became a small shareholder in XAI because X was later merged with XAI. And XAI merged with SpaceX, and he ended up being a small shareholder of SpaceX。
MEANWHILE, CZ DIDN'T FORGET TO STEP ON SBF HERE. HE LATER LEARNED THAT THE SBF ALSO WANTED TO VOTE IN TWITTER, BUT WAS REJECTED BY MASK AND ADMIRED FOR HIS GOOD LOOKS。
9. Back torture since childhood
In his memoirs, CZ stated that he had suffered back pain since he was a teenager, probably from his father, or because he sat long, and that he “scrambled his back” for the first time when he was 17. In 2019, the pain increased, resulting in CZ working mostly in bed: the notebooks were on the rack, and iPad and iPhone were on the side。
IN 2020, IN ORDER TO DEAL WITH BACK PAINS, CZ WENT TO BERLIN FOR SURGERY, BUT THE OPERATION WAS UNSUCCESSFUL, THE INTERVERTEBRAE WAS PROMINENT OR RE-EMERGED。
10. Writing in prison, telling prisoners about encrypted currency
ON APRIL 30, 2024, CZ WAS SENTENCED TO IMPRISONMENT BY THE UNITED STATES GOVERNMENT, AND ON MAY 31ST HE WAS SENT TO A LOW-SECURITY FEDERAL PRISON IN LOMBOCK, CALIFORNIA, TO START SERVING FOUR MONTHS. CZ WROTE IN HIS MEMOIRS THAT THE FIRST DRAFT OF THE BOOK WAS WRITTEN IN PRISON. THE COMPUTER IN THE PRISON IS BASICALLY LIKE AN ELECTRONIC TYPEWRITER, WHICH CANNOT COPY PASTE, NETWORK, AND WHICH REQUIRES A REPETITION OF THE PARAGRAPH。
AT THE SAME TIME, AT THE END OF HIS SENTENCE, THE CZ WAS TRANSFERRED TO THE HALFWAY HOUSE, WHERE HE WAS AUTHORIZED TO VOLUNTEER, AND ONE OF THE ELEMENTS OF THE VOLUNTEER SERVICE WAS TO HELP THE PRISONER WITH THE ENCRYPTED MONEY EDUCATION MATERIALS, WHICH THE CZ SAID WAS BASICALLY A COPY OF PASTE FROM THE FACULTY OF BIAN。
