Binance is a threat to the crypto space - page 4.

pinoy.bolanon

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Activity: 350

Merit: 10

"In CryptoEnergy we trust"

Quote from: Nekoma2018 on June 06, 2019, 05:13:39 PM

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

At some point i tend to agree but on the legal side, i dont think so, although binance has a large group of community members, they can manipulate some crypto prices, because it is their platform that many members used. I find it hard to explain on my side, but i hope you guys should understand my point, but anyway i hope it will not happen actually, is a threat to some point.

chichidori

legendary

Activity: 1694

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Other exchanges such bittrex have been in the top before but another exchange take the spot, Binance may dominate but don`t forget it has been hack before same with the other exchanges, monopoly will be Binance downfall if goes to it.

MIner1448

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Activity: 938

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Tontogether | Save Smart & Win Big

at least binance the most reliable and safe exchange at the moment, if you recall the recent hacking dovolno large, hacked all savings were returned that I can't speak for the majority of the exchanges.At the expense of the dictator, would have saw it, I don't think CZ is that kind of person.

sempak

hero member

Activity: 1638

Merit: 505

the current reality is that binance indeed has considerable popularity and trust. the real fear of the monopoly will be the binance exchange because there are so many opportunities that they can do

thesmallgod

full member

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Merit: 129

Take it or leave it, Binance is number one when it comes to crypto exchange in the world. They do not become the best on the platter of Gold but consistent effort to bring reliability and sanity to people adopting crypto exchange, and today, many exchange platform look up to them. No matter what have happened, I know they will always give reason as regard to why they delisted that token, and if the dev of such token think it is not right then they should pursue a legal action against that. If Binance seize to exist today, another trading platform will fill the vacuum and you will also say the same thing about them.

killat

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Activity: 742

Merit: 21

Be the reason someone smiles today

Binance is definitely the best exchange on market today. How, nobody has a clue what the price will be two weeks out from now.

1. There is no such thing as "Stable Amount" in any market, especially crypto. Look at BTC going from pennies to 20k and back down to 3k and now back to 8k. This market swings more wildly than any other market in the history of markets.

2. There are a lot of things in play for BNB price. But namely, does it have real world usage. As long as CZ keeps coming up with uses for it, then it should have some existence in the future. Could be worth $1 or less if entire market collapses again. Or it could be worth $100. No clue.

Khuongcute2503

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Activity: 256

Merit: 2

Quote from: Nekoma2018 on June 06, 2019, 05:13:39 PM

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

I think so. Binance is monopolizing the market. Although they develop very well, the fact that no competitors compete will make Binance easily control the market.

libert19

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Quote from: SaShiRaJaVu on June 11, 2019, 11:18:09 AM

Quote from: libert19 on June 10, 2019, 11:26:35 PM

I disagree. Cz is blessing to crypto community, his trust and integrity has made what Binance today is!

Regarding centralization, I don't mind it as long as the power is used against bs (here bsv).

We saw what power can bring when his exchange was hacked, CZ wanted to roll back the loss they had and that happens when someone thinks that he is having control over everything. Imagine to what extend his thinking went when there was major loss because of the security flaw in his exchange, he wanted to roll back the entire network for that, it does not make him a blessing but a power monger Tongue

.

But they didn't proceed with roll back, did they?

This is what cz said: To be honest, we can actually do this probably within the next few days. But there are concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin. — https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack

Everyone makes mistakes, it's that when you correct them is what counts.

bangdol

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Activity: 345

Merit: 10

Quote from: Altryist on June 11, 2019, 12:02:29 PM

If possible, I try to work only with finance, in extreme cases I have to use the services of other exchangers, but I don’t do it willingly, because almost everyone has worse conditions than finance, the commission is longer, the processing time is longer.

that makes binance better than the other exchanges. their platform is running well, their coins have a market that has increased with several events being carried out. and the binance chain network that is now starting to develop.

Yalovtsev

full member

Activity: 644

Merit: 100

Today, the crypto-currency market is very unpredictable and speculative,and yet it can give a good income,and Vice versa,what BINANS did,first increased the turnover of trading,expanded the functionality of the exchange,plus marketing,and most importantly their own token for 1.5 years of WINTER,when everyone had a drop from x 5 to x 100,and they did not sink a penny at all,and only grew,that's the most important orgument in favor of this exchange and the project,so it is stable and popular!

Altryist

legendary

Activity: 2100

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Quote from: dimonarka on June 11, 2019, 11:54:10 AM

Maybe it is so. I think that binance is the best and most powerful exchange. This exchange has the largest volumes of trading and also they are constantly developing and launching new products. Therefore, Binance is definitely a future exchange

If possible, I try to work only with finance, in extreme cases I have to use the services of other exchangers, but I don’t do it willingly, because almost everyone has worse conditions than finance, the commission is longer, the processing time is longer.

dimonarka

sr. member

Activity: 994

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Maybe it is so. I think that binance is the best and most powerful exchange. This exchange has the largest volumes of trading and also they are constantly developing and launching new products. Therefore, Binance is definitely a future exchange

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: libert19 on June 10, 2019, 11:26:35 PM

I disagree. Cz is blessing to crypto community, his trust and integrity has made what Binance today is!

Regarding centralization, I don't mind it as long as the power is used against bs (here bsv).

We saw what power can bring when his exchange was hacked, CZ wanted to roll back the loss they had and that happens when someone thinks that he is having control over everything. Imagine to what extend his thinking went when there was major loss because of the security flaw in his exchange, he wanted to roll back the entire network for that, it does not make him a blessing but a power monger Tongue

.

Pet240

jr. member

Activity: 486

Merit: 3

CZ has made a name for himself. He has succeeded in giving a befitting exchange to the crypto space and for crypto enthusiasts. Therefore, there is no form of approach he brings to the crypto space that will not be exceptional and if it is, it will be seen as being monopolized. Which invariably will be interpreted as a threat to the crypto space, which in my opinion, it is not.

masulum

legendary

Activity: 2324

Merit: 1603

hmph..

Quote from: Fluxtorrence9 on June 11, 2019, 03:12:36 AM

As bitcoin is the top coin and the highest volume crypto coin so is binance exchange ,its the king of all crypto exchange so don't mix things up ,binance won't be the top exchange forever though cos new exchange will take over someday

i agree with you buddy, may be today they are become number one, but remember, they already hacked, if they have another bugs on their website and can be found by hacker, i think trader will think difference about Binance.

Fluxtorrence9

member

Activity: 336

Merit: 12

As bitcoin is the top coin and the highest volume crypto coin so is binance exchange ,its the king of all crypto exchange so don't mix things up ,binance won't be the top exchange forever though cos new exchange will take over someday

Bharathi13

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Activity: 368

Merit: 25

The Standard Protocol - Solving Inflation

Binance CZ is right on de-listing BSV & binance have set the benchmark for all the competitor exchange & they are also now following same, take example of IEO launchpads. If you have read this thread about BSV (SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper) created by nutildah then probaly you would have not questioned about dictatorship & threat to crypto space.

Iykecollins

copper member

Activity: 376

Merit: 1

I do not believe this, before Binance, crypto have been existing just that it has garnered a great amount of influence and contributes in determining the fate of a project because of the amount of volume they control. Bchsv proved certain things wrong, had thought that after being delisted from Binance, it would have been dead but price still hold sway.

Sacramentus

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Activity: 448

Merit: 2

Quote from: Nekoma2018 on June 06, 2019, 05:13:39 PM

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

binance is not a threat to the crypto space. Although cz has taken it personal to dictate to projects, you can see how he controlled harmony project but he can't to that to some projects. Projects who wants to be servants to cz are free to do so

cahbagus555

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Activity: 756

Merit: 12

Quote from: PLATO on June 06, 2019, 10:09:30 PM

Quote from: cahbagus555 on June 06, 2019, 09:54:22 PM

Quote from: Nekoma2018 on June 06, 2019, 05:13:39 PM

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

I dont think CZ will be dictator in crypto space. We have a lot choice when choosing exchangers and the influence of CZ only in binance ecosystem, and the coin listed in binance, listed in others exchangers too. CZ doing a great job in cryptomarket and i think its not easy for him and the team building biggest exchangers in just 2 years.

CZ always has a change and that is why many investors have great faith when participating in this exchange. In fact, the Binance exchange has done very well in controlling the market situation and they have many new strategies to encourage investors to participate in this exchange. I personally like to join the IEO because it helped me to earn good profits and this is the main reason why i am excited to trade in Binance

Binance and their team very transparant during hacked. And i think this is why many people in crypto market trust on binance. With member trust and list only legit project makes their investor make big daily transaction and i think this why binance is biggest exchangers right now

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