At the World Economic Forum ( WEF) , my dad @CZ did not just talk about crypto. He talked about how money should work better for people.
He explained that one of the biggest problems today is regulation. Traditional banking had hundreds of years to align rules across countries. Crypto did not. That is why companies must apply for licenses country by country, which slows innovation and creates confusion for users. Dad shared his idea of regulatory passporting. If a company passes strict checks in one trusted jurisdiction, other countries should recognize that work instead of forcing everything to start again. To me, it sounds like passing one important exam and not having to repeat it in every classroom. Clear and consistent rules protect users better than fragmented ones.
Then he talked about banks. He believes physical bank branches may not exist when I grow up. Today we already use digital identity, online verification, and mobile banking. Maintaining big buildings only adds cost and friction. Some people think speed is dangerous, but dad says the opposite. If your money is safe, you should be able to access it anytime. A good system does not trap your funds. It gives you control.
Dad also shared real numbers from 2023. In one day, people withdrew about seven billion dollars from Binance. In one week, fourteen billion. The system kept working normally. No bank holidays. No delays. No special approvals. He then asked a difficult question. If a traditional bank lost ten to twenty percent of its assets in a few days, would it survive? Systems should be judged when things are stressful, not when everything is calm.
Even though dad works in crypto, he is very honest about its limits. Bitcoin payments are still early and not ready for daily use everywhere. The hype around NFTs and the metaverse has faded, and only projects with real utility will remain. As for memecoins, he warns that most are highly speculative. A few with cultural value may last, but most are closer to gambling than investing. Excitement should never be confused with understanding.
What I learned most is this. Risk does not come from new technology. Risk comes from holding on to slow, closed, and inefficient systems just because they are familiar. The future of money should be transparent, fast, and borderless, giving real control back to users.
I am still learning, but I believe good money systems should work like good parents. They have clear rules, fair oversight, and always protect the people who use them.
