Chatting with a former boss of an exchange that once led Binance.
He always believes that being surpassed by Binance is due to policy reasons.
This is not a problem of technology, ability, or planning.
I understand his remaining stubbornness.
But after discussion, it was found that the growth environment determines different handling methods for crises.
All of this has traceable evidence.
CZ was born into a middle-class family and quickly moved Binance's headquarters overseas during the 1994 crisis to avoid policy risks.
In two weeks, the team will be dispersed to Tokyo and Malta, utilizing the visa-free advantages of passports to expand their influence.
The immigrant experience has given him a flexible global strategic vision.
Some bosses from humble backgrounds dare not take risks, choosing more conservative strategies.
Because he has already made money in a favorable situation, he chooses to stop at the first opportunity.
Only realizing it late can lead to a restart of transformation, but a lot of the market has already been lost.
Hesitant: The first thing to consider is the operational cost after going overseas.
When in doubt: there are rumors about domestic compliance licenses, yet still betting on policy recovery.
It can be seen that
Entrepreneurs from humble backgrounds view existing assets as their survival bottom line: what I have already earned must not be lost again.
Those from middle-class backgrounds pay more attention to opportunity costs: how to expand existing assets.
It's like facing the same thorns; the former thinks about not falling and spilling the fruits they just picked.
The latter immediately considers how to overcome it.
Due to differences in risk tolerance and perspectives, the current development paths are vastly different.
Many people have failed again in entrepreneurship; although they were the first to start, they have now exited the industry.
This is not fatalism; it is about discovering the differences in initial parameters caused by the original family.
Those from rural families mostly focus their talents on survival, stability, and longevity.
There is nothing wrong with this.
But this is a high-risk, high-reward industry; seeking stability means losing a lot of opportunities.
Families above the middle class, due to the confidence established in their growing environment, are more assured in the face of storms.
Those from rural backgrounds fear loss due to the lack of an umbrella and are more inclined to focus on short-term results, which limits their ability for long-term planning.
Teacher Tony said a few days ago that people from rural backgrounds in the crypto circle are diligent, simple, introverted, self-disciplined, and sometimes feel inferior, sometimes arrogant.
The only thing is the lack of confidence.
I believe this is heartfelt from him.
Because we had meals together in Hong Kong.
I know he is rich inside; I thought he was talkative, but offline he is very shy.
This is similar to friends I know who have crossed classes through their own efforts.
He told me about his inner journey after drinking.
Most describe their childhood experiences and education, where parents constantly reminded them:
"Our family has no background; we rely on ourselves for everything, and don't cause trouble."
This leads to a subconscious belief: I do not deserve big opportunities.
"Earning this little steadily is pretty good."
"This girl could never like me."
"Although I am stronger than them, I dare not say I am remarkable."
This kind of frequent self-suggestion.
This leads to frugal entrepreneurship, social anxiety, habitual underestimation of one's own value, and using excessive effort to compensate for a lack of trial-and-error capital.
I consulted many people about this and found their experiences are quite similar.
Many entrepreneurs and retail investors have made money in the crypto circle, but due to some decisions, they couldn't take the next step.
Some have even encountered significant asset retraction or even bankruptcy.
How to break through the limitations of the original family?
Overcoming the limitations of class is a task that everyone needs to complete.
I found that sometimes, the cognition and judgment brought by your background.
When facing some problems, it is almost completely wrong.
Because you have not undergone training for correct answers.
After researching with some friends, I found.
The province of birth even determines social class.
Some agricultural provinces are just for cultivating farmers, while industrialized provinces are for cultivating workers.
The central authority has different positioning for each province.
Different positioning leads to different costs and resources provided.
The province of birth is the foundation, and rural families fix people in the same easily manageable class.
That kind of education method traps some people like nails.
Geographical factors, environmental factors, and family factors can lead people down seemingly certain paths.
There is actually little chance for significant progress.
But fortunately, compared to traditional industry systems, web3 offers equal opportunities for everyone.
In every generation, there are always breakouts from environmental shackles.
It's just that in today's progressively elitist industry, some self-reconstruction is needed.
Previously, I saw in the 'Learn, Learn, and Learn' public account, Teacher Li Xiaolai mentioned.
He came from a small town in Northeast China, but through extensive reading, established 'probability thinking'.
Realizing that "if risks are controllable, it is not absolutely dangerous" is the fundamental reason he achieved results in the industry.
He repeatedly emphasizes that "learning ability is the only superpower that cannot be taken away."
Coming from an ordinary background, but studying accounting at university while self-learning programming, English, and writing.
This ability allowed him to quickly understand the technical logic when first encountering Bitcoin, rather than just speculating.
In (self-learning is a skill), he emphasizes that self-learning is the key to crossing classes and acquiring wealth.
Moreover, through reflections after some experiences, he completed his mental construction and resolved the sense of 'unworthiness'.
It can also avoid missing opportunities due to inferiority/arrogance.
I haven't known Brother Wang Duan Niao for long, but I find him very calm and confident.
Because he can look at himself and others equally.
He has had and lost but still perseveres with resilience.
One of his particularly profound sayings is
"I only care about myself; whether you are impressive or have money has nothing to do with me. If you annoy me, I will still scold you."
This carefree mental construction has completed a self-reconstruction.
Inferiority makes people afraid to start, while arrogance prevents progress.
The biggest shackles for rural entrepreneurs are not lacking money but the voice deep inside that constantly reminds 'you can't afford to lose.'
