Wednesday, May 8, 2019

'Shocked He Went There:' Crypto Takes Sides On Binance's Alleged Bitcoin Reorg Plan - Bitcoinist.com

https://bitcoinist.com/shocked-he-went-there-crypto-takes-sides-on-binances-alleged-bitcoin-reorg-plan/

Unbelievable! As I have heard about Binance's monolithical stake it already had within the cryptocurrency market I was already shocked about how many people trust a single exchange. Binance's efforts to remove BSV from their exchange listing was another such worrysome event - don't get me wrong, I see BSV and especially Craig Wrong as a gigantic scam too, but for a single exchange to have the power about life and death within the crypto market made me think.

Actually, it's not even a corporation deciding what is wright and what is wrong, it is just their leader's (CZ) sole decision and CZ got way too powerful with his rulings the bigger Binance actually got. He is way above his head, but that he actually thought about a reorg of BTC is absolutely sick. Who does he think he is, god? Who gave him the right about deciding if Bitcoin should reorg or not?

Don't give this centralized exchange more power than it already got, seriously.


No comments:

Post a Comment