Binance CEO `CZ' Zhao on FTX Fallout: No One Can Protect a Bad Player

The video discusses the negative impact of companies cutting corners to grow quickly, which erodes consumer trust. It highlights the challenges posed by dishonest players in the industry and the limitations of the law in preventing such behavior. The video emphasizes the importance of setting strong industry standards to maintain trust and integrity.

What is the consequence of companies trying to grow quickly by cutting corners?

• Better industry reputation

• Higher profits

• Destruction of consumer trust

• Increased consumer trust

When consumers lose trust in a company, what do they typically do?

• Switch to a trusted platform

• Complain to the company

• Continue using the same company

• Ignore the issue

What is the role of laws in preventing bad practices in the industry?

• Have no impact

• Completely prevent violations

• Help reduce violations

• Encourage bad practices

Why is it important for industry players to be vocal about standards?

• To reduce competition

• To maintain integrity and trust

• To increase profits

• To confuse consumers

What should industry players focus on to ensure a trustworthy environment?

• Setting strong standards

• Increasing advertising

• Ignoring bad practices

• Cutting corners