Binance CEO CZ Explains Why He Disabled Twitter Comments

Published at: June 17, 2020

Known for his social media-involved leadership of crypto exchange giant Binance, CEO Changpeng Zhao, or CZ, said he disabled Twitter comments on his posts to weed out the scammers. 

"To better respond and engage," CZ told Cointelegraph he partially disabled the ability for the public to comment on his tweets. "This is a new feature from Twitter," CZ said on June 11. "It seems it’s only rolled out to a small percentage of people."

Social media holds crucial in crypto

As an industry based primarily on digital technologies, much of the crypto and blockchain community interacts daily on various social media platforms such as Twitter. CZ upholds a significant presence on Twitter, allocating roughly 20% of his time to community interaction on the platform.

In light of Twitter's new option, CZ expressed enjoyment in testing fresh functionalities, describing himself as an early adopter, hence his recent experimentation with comment disable setting.  

Twitter hosts a difficult environment at times

"Twitter is not a perfect platform by any means," CZ said, noting that scammers, trolls and the like can make genuine community interaction difficult on the platform. 

"To clarify, my intention for using the new 'people you follow can reply' feature is not to cut off people’s opinions," CZ said. "I welcome people to voice how they are feeling and also challenge me or our services so we can be better."

CZ said he wants the community to keep suggesting follow-worthy Twitter accounts. "There’s a lot of great voices in the crypto space that I hope to capture more."

Under CZ's purview, Binance has become one of the largest companies in the industry, with more than 1,000 employees. Cointelegraph's list of the top 100 people in crypto and blockchain shows CZ as the most influential person in the industry. 

Tags
Related Posts
CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto
Changpeng Zhao, founder and CEO of the largest global cryptocurrency exchange Binance and one of the world’s top crypto billionaires, does not own much except crypto. “I’m one of those guys who value liquidity much more than owning something. I actually prefer not to own anything,” Zhao said in a Bloomberg interview on Wednesday. He noted that various cryptocurrencies like Bitcoin (BTC) now make up nearly 100% of his entire net worth as he does not own any real estate or much fiat holdings. When asked how much of his net worth is invested in crypto, Zhao said: “I would …
Bitcoin / April 7, 2021
Changpeng Zhao Spends 20% of His Time Interacting on Twitter
Active Twitter user Changpeng Zhao, or CZ, CEO of crypto exchange giant Binance, explained his use of social media, which has played a key role in his exchange's community engagement. CZ said his Twitter activity is not part of any overarching goal. "It’s really just a way for me to interact with our community, which I budget roughly 20% of my time to," CZ told Cointelegraph. CZ's Twitter game has been strong since Binance's inception CZ said he has given social media this type of attention since the exchange's early days. Binance kicked off its initial coin offering, or ICO, …
Business / June 13, 2020
Binance Shelters Against Job Losses During Global Pandemic
While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn. In an April 3 tweet, Binance invited people around the world to build a career in the Blockchain space, offering a crucial opportunity to “work from home” as global jurisdictions continue strengthening quarantine measures. Binance CEO and founder, …
Adoption / April 3, 2020
Binance may form a team to support Twitter's blockchain efforts
According to reports on Oct. 28, the crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk. The development came hours after Binance's founder and CEO, Changpeng Zhao, or CZ, confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7 billion to Tesla's founder. On Twitter, CZ confirmed that the money was wired earlier this week and clarified that the transaction was …
Blockchain / Oct. 28, 2022
Binance proof-of-reserves removed from the auditor's site
Crypto exchange Binance has seen its proof-of-reserve (PoR) audits removed from the auditor Mazars’ website. Mazars’ official website shows they fully discontinued Mazars Veritas, a section dedicated to cryptocurrency exchange audits. The tool was developed by Mazars in order to bring “trust and transparency to the digital asset sector,” using Silver Sixpence Merkle Tree Generating tool to complement PoR reports. The news comes amid Bloomberg reporting that Mazars stopped doing PoR for cryptocurrency companies. Some other auditing firms like FTX’s auditor Armanino have also reportedly stopped working with crypto exchanges like OKX and Gate.io. Mazars is widely known as the …
Bitcoin / Dec. 16, 2022