Crypto Exchange's "Court Politics": The Game of Power Fight and Loyalty

I have a violent theory. All Chinese exchanges are essentially a "digital version of the Forbidden City". Exchange owners can treat them as "emperors", and all exchange Drama can be understood as "custody politics."

Some emperors, like Jiajing, were devoted to practicing Taoism and proficient in imperial power techniques, allowing the two gangs of subordinates to check and balance each other, turned a blind eye to internal corruption, and were willing to share some of their power. One person was enlightened and the chickens and dogs were promoted to heaven.

Some emperors emphasized absolute loyalty, decisiveness in killing and no one could bargain. Once someone tried to seek more benefits and challenge authority, they would all be eliminated.

A brief talk about the topic of court politics within the crypto exchange is purely a nonsense and only for entertainment.

Power struggle

To understand court politics, we must first get rid of a naive idea. There is no absolute distinction between good, evil, loyalty and treacherous here.

In "The Ming Dynasty 1566", although Yan Song was denounced as a treacherous minister by later generations, he relied on his extraordinary political skills to sit firmly at the prime minister for many years and landed safely, and helped to enrich the treasury to a large extent. However, after Qingliu took office, the thunder fought against corruption, and the treasury of the Ming Dynasty became even more empty.

Where are there pure loyal and treacherous ministers in the world? There are only those who are useful and useless to the emperor at this moment, as well as those who fight to the top and fail to fight.

Where there are people, there are struggles in the world.

Power needs to be implemented. The core of Yan Song and Xu Jie's struggle lies in the struggle for the personnel power of the Ming Dynasty. Whoever can install his own troops among the six ministries and nine ministers will be able to grasp the actual power and influence the actual operation of the court.

The same is true for the exchange's power struggle, essentially a battle for key positions.

For example, the most core departments such as currency listing, finance, and investment. If there are too many monks and too little porridge, all parties will inevitably fight.

As a boss, I often like to see the people below fighting.

As subordinates compete with each other, it will be difficult for them to form a strong enough alliance, eliminating the possibility of challenging authority.

The battle between the two sides gave each side the motivation to provide the boss with negative information about the other party, so that the boss could obtain more comprehensive and multi-angle internal information and also grasp the subordinates' braids.

Of course, such fighting between subordinates must be kept within a controllable range. Excessive internal fighting will lead to waste of resources, inefficiency, and even endanger the overall stability of the organization .

When one side has too large power and has even endangered the boss's authority, the boss will use certain "imperial power tricks", such as internal promotion or external introduction of a professional manager, and give great power to clean up the other side's personnel.

For Emperor Jiajing, the core question faced was: how to choose an absolutely reliable minister in a court where "loyalty and treacherous" is difficult to distinguish?

Exchange owners still have this problem.

Competitor suppression and regulatory raids are visible dangers, but in the eyes of exchange bosses, the biggest danger may often lurk around and be difficult to detect, such as betrayal of people around you. Therefore, nepotism has become the best solution at the moment - key positions are often held by the founder 's relatives, friends, classmates and even family, even if they lack professional abilities.

Facts have proved that nepotism or husband-and-wife stores are the safest in the crypto market.

Corruption and Anti-corruption

The power struggle is inevitably inseparable from corruption and anti-corruption. Both sides of the two are means to obtain power.

The key to court politics is how to judge the situation and take the right side.

To form an alliance, you often need a "bond", such as fellow townsmen, same school, same career experience... These can all become a connection point, but more importantly, interests. The relationship between classmates and other regions also depends on money to maintain.

How to gain the trust of "big brother"?

In addition to giving emotional value, more importantly, it is to give some handles and actively expose weaknesses. "Brother, my problem is here. You can control it. I will follow you in the future."

Therefore, bribery or participation in collective corruption is actually the most effective means to show loyalty and a way to test whether a person is loyal. Through money, a few people are tied to a rope. Can you not work together and help each other?

Specifically for crypto exchanges, internal corruption, rat trading and other problems are difficult to eliminate, and there are two reasons.

1. Whether it is cryptocurrency speculation or working, most people go to the currency circle for only one purpose, making money.

Especially when you work in a "high-risk company" like the exchange, this is especially true. Many employees, especially those who change careers from traditional industries, will not have any sense of identity or belonging to the company at all, but are just thinking about how to make the most money in the shortest time.

2. Crypto exchanges are always in a gray area. Compared with corruption in traditional enterprises, corruption in exchanges is easier to escape legal sanctions, and it is easier to turn big things into small things, and it is even more likely to turn them into small things, and it is the big one to leave, but the goal has been achieved.

This is also a long-term employment problem for the exchange.

The Emperor 's weakness

Crypto exchange bosses and emperors have the same tragedy: the higher the position and the more powerful they are, the harder it is to establish a true trust relationship.

Everyone who approaches them may have different purposes: some covet certain core powers, some covet wealth, and some have ulterior motives. In such an environment, suspicion becomes an instinct, and defense becomes a habit.

This trust deficit ultimately leads to a smaller and smaller decision-making circle.

Since I was a child, I would have an inexplicable question: Why did the emperor have a "traitor" around him and he was favored?

The emperors are all lonely. They are not short of money or power. What they lack is love and loyalty, which are also the weaknesses of the emperors.

Once someone contributes love and loyalty to those in power, making it feel like a spring breeze, even if the talent of this person is relatively average, he has the value of existence.

In the digital Forbidden City of the exchange, technical talents are not scarce, marketing experts are not scarce, and even funds are not scarce. The only thing that is really scarce is also true loyalty.

Love and loyalty, a simple way to express support is to express support no matter what the emperor does. The more absurd you are, the more support you are, the more you can reflect loyalty.

Running a crypto exchange is not an easy task. It is hard to get tired. Not only do you have to participate in competition with peers, but you also have to be careful of hackers and fight wits and courage with supervision. At this time, the bosses of the exchange are often exhausted and even self-doubt. Some don’t know whether the exchange has grown and grown to this day depends on its wisdom and martial arts or luck. At this time, they are extremely needed for external emotional value support and spiritual healing, and they are tirelessly telling him, "You are right, it depends on you, we are all grateful to you."

People are not plants and trees, who can be ruthless? Being recognized, being loved, and being needed is a natural desire of mankind.

Ordinary people also need love and loyalty in great importance, but ordinary people are still at the lower level of Maslow's demand pyramid , and are still running for life, without the effort and ability to pursue the value satisfaction of higher-level needs.

The women around the emperor

The women around the emperor are not talking about gossip and harem, but about the female executives.

Exchanges often have a large number of female executives, which is a very reasonable thing.

A powerful traditional financial boss likes to value female executives. Because, in his opinion, women are more loyal than men. No matter how much salary a man is paid, he will not be satisfied in the end. Even many men are promoted and gained a lot of wealth and power, but they do not feel much gratitude or loyalty in their hearts, but are raised by self-confidence, thinking "I can do it if I go with me."

The essence of power is the desire for loyalty and the fear of betrayal.

In the highly competitive environment of the exchange, the bosses are most worried about "cultivating their own gravediggers."

After male executives gain power and wealth, they often see existing positions as a springboard to higher power. They tend to attribute their achievements to their personal abilities rather than to the grace of leadership promotion. They are more likely to choose to leave at the right time, start a competitive business or seek a higher position.

Female executives tend to show stronger organizational loyalty and focus more on long-term and stable career development rather than risk-taking entrepreneurship. They prefer to attribute success to teamwork and leadership cultivation, so they value existing positions and organizational relationships more.

In addition, another major challenge facing cryptocurrency exchanges is frequent crisis events to communicate with users. In this field, female executives tend to show unique advantages.

For example, women generally perform better in identifying, understanding and responding to other people's emotions, which is especially important when appeaseing angry users, handling complaints and crisis public relations. In contrast, men are more likely to be emotionally agitated and confront users when dealing with related public crisis events .

Therefore, in my opinion, the female power in the crypto world is far underestimated.

It's quite interesting. Looking back at history and the present, no matter how technology develops, no matter in the traditional business world or the encrypted digital world, the essence of power has never changed.

Where there are people, there is a world of martial arts.

The moon is full and the water is overflowing. This is the ultimate fate of all Game of Thrones.