Binance CEO Asked About “Blockchain-Powered State”

Changpeng Zhao is one of today’s most courageous and accomplished entrepreneurs. He is the CEO of Binance, the fastest growing, highest volume, and arguably the most successful cryptocurrency exchange today. When China cracked down on blockchain technology, he packed his bags and moved to Japan. And when Japan cracked down on blockchain technology, he packed up again and moved to the island of Malta, where he has been since early this year. The message to governments is clear: if you want to be left in the stone age of technology, fine, but you can’t stop the world from changing!

In his most recent interview, the popular interest in stateless societies emerging from cryptocurrency once again arises to the surface. His response is filled with important counsel about all of the “stateless society startups” and “DBVN”s (Decentralized Borderless Voluntary Nations). But, if only he was aware of how far along CCL is in this endeavor!

Dreams of a blockchain-powered state

While the idea of blockchain-powered state sounds enticing, CZ says the logistics of such an endeavor is far more complicated than it sounds:

CZ: I think it is definitely possible, but it’s not easy. Establishing a country is not an easy feat. Establishing a company is among the last. Making a new country, and having all the foreign affairs is a lot of work. Establishing legal systems, establishing community service, public service systems, education, hospital, roads – that’s just a lot of stuff. I think most people, when they think about the concept, they think about a very symbolistic, idealistic view of it. When that rumor was circulating that Binance or I have already bought an island, even Justin Sun from Tron asked me, “Hey, is that real?” A lot of other very famous people asked me. That also shows that people are seriously interested and thinking about it. But currently I have no plan to do so, it’s too much work.


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