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CZ

Definition:

Changpeng Zhao is the founder of the popular crypto exchange, Binance. CZ reminds us of the pirates of the carribean that stuck their middle fingers up at every member of the establishment. CZ is arguably the richest man in the world through Binance – which ran for years with no headquarters or offices listed anywhere. “I believe in decentralisation”, said CZ. Fucking epic. Until national governments went on the offensive. CZ quickly swapped a t-shirt for a suit and became a big KYC fan. Love him or hate him… you gotta love CZ. “Put your head down and BUIDL” – old Chinese proverb according to CZ.

Degen Chat

“Hey @CZ, wen Binance listing? PS – WTF is up with that flash-crash liquidation that just wiped me out?”

Related Terms:

Dictionary: BSC
Binance Smart Chain, also known lovingly as Binance Scam Chain. A "decentralised" chain created by the family run Binance exchange. Jokes aside, this was actually called Ce-De-Fi by CZ... which meant centralized decentralized finance! At the time the chain had around 6 validators who were all thought to be the same person. No doubt it is more decentralized now and it is certainly wildly popular. One of the first successful smart contract chains to provide an alternative to Ethereum and its insanely high gas fees. Update: It has recently been rebranded to BNB chain.
Dictionary: SAFU
Slang for ‘safe’, commonly used in the phrase ‘funds are safu’. Good crypto and internet security will ensure that your funds and seed phrases are always safu. Don’t be like Wojack…
Dictionary: Up Only
That period in a full-on bull market when token prices all seem to just permanently go up. Every single coin whether Bitcoin, scamcoin, vaporware or other just seem to pump forever. This beautiful heavenly time we call a period of "Up Only". Over a long enough time frame, many people believe Bitcoin and crypto markets are also Up Only, though in the short-term volatility when your net worth drops 60% in a week it does not always seem like that. Up Only is also the name of a popular crypto video podcast (is that even a term?) hosted by @Cobie and @Ledger. At least it is at the time of writing, as they may be sued by Upwork, who actually claim ownership of the word Up in all its uses.

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