Topic: Binance: $BNB The Future of Exchanges. - page 58. (Read 131879 times)

At the moment there are still some shortcomings, but in later times it will get better.Technical problems may persist but dissolve.

Yes, you're right. I take that back. I just see it sometimes as a bit suspicious when people come up with something like the above, because at least regarding that guy I'm pretty sure he has an agenda. He worked for Coinbase and runs a Crypto-fund now.

And see, when it would only be about the chart and the price (like in our discussion in Feb), let's say he would say he would short it because of the rise and a correction is overdue, I also wouldn't see that as problematic. But what he does is to imply there would be fundamental reasons. What he then lists up is not that and often enough also not about opinion any more, but simply spreading desinfo.

Wow, that's a very nice counter-argument!


I, of course, remember that. However, "last time you tried this" seems offensive. I didn't try anything. I only expressed my opinion on BNB value because I didn't expect it to rise further.

CZ has been doing a fine job ever since he created Binance, and the value of BNB is proof of all his accomplishments and achievements, no one can deny that.

Let's see...

1) That guy worked for Coinbase
2) He is very superficial - simply lists up *reasons* without having real arguments

a) "Binance’s competitive advantage is regulatory arbitrage. Minimal KYC requirements and trading limits and aggressively adding new coins allowed the company to go from 0 to ~ 40% exchange market share in less than 2 yrs."

If that would be the winning formula, several other exchanges would be at the same level but that's not the case.

b) "Binance captured this large market share quickly despite a poorly designed product. http://Binance.com  is not pushing the space forward in a meaningful way and the UI/UX is worse than many decentralized exchanges."

Poorly designed can not be true because Binance can handle a lot of traffic, much more than most other exchanges. Worse UI/UX than many decentralized exchanges is even a blatant lie - or maybe it's about the colors or whatever. Under the line that's nonsense.

c) "But Bitcoin’s competitive advantage is regulatory arbitrage too, so what’s wrong with that for Binance?

Bitcoin is an open-source project that can’t be shut down & enabled a new product. Binance is a centralized company that can be shut down and does not enable anything new."

He really wants to compare a Cryptocurrency with an exchange - a company? Doesn't make much sense. But let's see if he is right: Could Binance be shut down because it's a centralized entity? Sure, that could happen to Coinbase as well... But Binance can move and they've done that. To say Binance does not enable anything new is (again) total bs, since they come up with improvements and new releases at least each quarter.

d) "A bull case for Binance Coin requires you to either believe that Binance will continue to maintain or grow its centralized exchange market share, or successfully transition to a decentralized org and launch a DEX that becomes widely used."

Binance made about half a billion profit in 2018, a bloody bear market. Where might it be in a year like 2017? Billions, of course. And of course, additionally it's likely that their Binance-Chain and DEX will be widely used, 1) to issue new assets, 2) to trade them. The "additionally" is very important, because this guy seems to imply that it needs to be this (centralized) or that (decentralized) but Binance.com will stay centralized while BNB will be used additionally on Binance-Chain and the DEX. So.. what is he talking about?

e) "For the company to maintain market share, it needs to add fiat onramps & attract institutional investors. Their regulatory approach to date makes it difficult for them to work with banks & institutions, who generally prefer partners with expertise complying with existing regs"

Fiat? That guy is funny... This is from January:

Official Launch of Binance's EUR/GBP Fiat Exchange - Binance.je
https://support.binance.com/hc/en-us/articles/360022037951-Official-Launch-of-Binance-s-EUR-GBP-Fiat-Exchange-Binance-je

More about Binance & Fiat:

Upcoming Crypto Hub: Binance May Launch Fiat Platform In Argentina
https://www.newsbtc.com/2019/03/10/upcoming-crypto-hub-binance-fiat-platform-argentina/

Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores
https://www.coindesk.com/binance-launches-bitcoin-buying-at-over-1300-australian-stores

“#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD [Singapore dollar].”
https://twitter.com/binance/status/1113631273551982592

Binance starts spreading its fiat-to-crypto wings
Binance, the largest exchange by traded volume, launched its second fiat-to-crypto exchange yesterday. The first launched in the African nation of Uganda last October and supported Ugandan shillings. But these launches are merely the start of the company's stated plan to have two fiat-to-crypto exchanges on every continent. The exchanges are built on Binance's technology but formed as a separate legal entity.
https://www.theblockcrypto.com/tiny/binance-starts-spreading-its-fiat-to-crypto-wings/


f) "If they are able to pull off Binance DEX and transition to a decentralized org, I may be proven wrong. But a DEX is a completely different product and investing at over $1B market cap BNB today for a product that doesn’t exist feels like a bad risk adjusted bet"

BNB is not only about the Binance-Chain and the DEX, to say that there is no product is total bullshit. And again: It doesn't need a transition to a DEX. The Binance-Chain and the DEX will be additionally... but even without it BNB would be a great asset.

So... again: What is he even talking about? Wouldn't call that an "analysis".

Btw, @Raja_MBZ - last time you tried this, BNB went about 100% right after...

Remember? ;-)
https://bitcointalksearch.org/topic/m.49680791

Interesting analysis:


Read more in this Twitter thread:

https://twitter.com/NTmoney/status/1113929659488411648

This year, I have a feeling that it will be listed in top 3.
We will replace XRP from it's current position now, BNB has more supporters and with the bull run, people might FOMO on this coin also.
Their being active in promotion makes them popular, and they get more popular as Binance Exchange is operating well.

How do you monitor the progress of the bnb platform? It seems to me that this project today is in a quandary, like many others. To possibly in the current state of the cryptocurrency market carries its own corrections among those projects that really will be important and in demand for society.

That's good to see new IEO already added to the binance launch pad but while at the same time i'm so sad to see there will be a lot of people can't join to the that IEO again. Is there an announcement about the new rules that already published by CZ?

I can see BNB among the top 3 cryptos in the next one year. It may seem impossible for now but I'm keeping an open mind, the platform has progressed gracefully despite the bear market.

Binance is a surprising token, I'm sure that Binance's performance can have a positive impact on the market, even when most top ranked are red but binance shows good performance.

Should rise as more people use it , its now worlds largest exchange .

Binance exchange is currently ranked as one of the best exchanges to offer IEOs on their launchpad platform.

 https://coincodex.com/article/3339/top-3-exchanges-for-ieos/

Matic network is a great project but, unlike others already launched on Binance lauchpad, it is still little followed and known.

I am very curious to see how this new IEO will take place with the new rules introduced by CZ.

Meanwhile BnB increases volumes and prices after the announcement!

MATIC is the next project which will be run on the binance launchpad

https://support.binance.com/hc/en-us/articles/360026114611

Also the testnet version of DEX is out and is so far outstanding! Binance is doing a great job!

thats it.
and when the own dex exchange is published, the BNB token price will increase even more 

see the BNB ecosystem I am sure this coin will go up continuously and far from the word drops dramatically, if all the ico that appear through binary launchpad are always successful then there will be no more doubts

I think BNB pump because many investor buying BNB Coin for participating and invest to IEO project in Binance Launchpad. This is a good increase for BNB.

I regret to sell my BNB early $10 now look how far BNB increased this is the new bright future in cryptoworld and the no. one exchange site so fsr Im waiting to add margin trading in the future.


Thanks for information investor of celr earn a good return licky those people.

CELR is trading already on binance https://www.coingecko.com/en/coins/celer-network