Topic: Binance is Becoming a Crypto Monopoly - page 13. (Read 2098 times)
binance is extraordinary, it is not easy to arrange exchange and coins in one destination. but Binance always makes new innovations. a few days ago Binance made the Binance chain. Binance Chain only focuses on the transfer and trading of blockchain assets. The network will focus on performance, ease of use and liquidity. Coin Binance Coin (BNB) will be upgraded to have a blockchain network and the Binance company will be converted into a community. Binance also created Binance Dex. for sure the innovations made by the binance team aim to attract the attention of investors and traders.
I don't really think that they are all powerful. As the listing of coins is very expensive, other exchanges are going to list more coins more easily.
The bull run of BNB was just because of the announcement of the DEX exchange. But now, people are really going to see who is going to use it and if it was worth the wait or not.
What i see is the BNB coin looks like a pump and dump scheme.
The bull run of BNB was just because of the announcement of the DEX exchange. But now, people are really going to see who is going to use it and if it was worth the wait or not.
What i see is the BNB coin looks like a pump and dump scheme.
Even though Binance holds most of the share in crypto i still believe binance is growing organically with all features of developments like fiat exchange and new blockchain and strict rules in listing binance is having a positive growth in the market
I am agree. Binance always upgrade their service and right now binance is biggest exchanger. I think every project have a dream listed in binance because binance offering big daily volume.
Nobody's forcing you to use binance. They take their power from their users. If you don't use binance, they'll lose their influence on the markets.
People however like binance. That means binance is doing it right.
Exchanges come and go all the time. I remember the same thing used to be said for poloniex in the past. Where are they now?
People however like binance. That means binance is doing it right.
Exchanges come and go all the time. I remember the same thing used to be said for poloniex in the past. Where are they now?
It's quite dangerous for a centralized exchange to monopolize crypto, from owning bandges to bullets; they want everything to come in contact with their ecosystem before crypto's actually see true success. But, Binance's recent movements is having the inverse effect, they are becoming a truly a dangerous threat to crypto entirely, this is in my opinion and sentiments.
Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
binance starting to monopolize crypto is quite really bad both for them as a company and to the crypto. One thing I know is that if they continue like this, it will lead to their fall if they think they can or will will control everything that they want Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
It's quite dangerous for a centralized exchange to monopolize crypto, from owning bandges to bullets; they want everything to come in contact with their ecosystem before crypto's actually see true success. But, Binance's recent movements is having the inverse effect, they are becoming a truly a dangerous threat to crypto entirely, this is in my opinion and sentiments.
I've been watching in the same thought for a while now. People started to shape their investments according to Binance. Many coins' pricing (Negative or Positive) first begins at Binance. Everyone actually follows Binance. Even projects that are useless can be valued and listed in Binance.
And in the current order, there's nothing to do ...
Even though Binance holds most of the share in crypto i still believe binance is growing organically with all features of developments like fiat exchange and new blockchain and strict rules in listing binance is having a positive growth in the market
Even I think the same binance is much reputed exchange also they released their mainnet . One point you missed out there is bnb trading pair also available in exchange . Even I think binance growing organically . Lots of coin without any usecase still overvalued. We have so many options and monopoly will never happen in cryptomarket. Binance is not the only exchange who implement IEO, and not the only exchange who will delist BNB. The current growth of BNB is just an indication that the competition in cryptomarket is high and some other exchanges should also improve their system or else BNB will take control of the market, but i doubt on this since BTC is still there to control us.
The dominance can influence most small exchange with the act of delisting coins and adding coins from the list, so far binance is really succeeding from how they handle the business, but monopoly can't be done inside this industry as there's lots of whales who can immediately interfere in such act, binance can move forward and continue to succeed from how they play the game.In time, we will see how this issue will be concluded, if binance take this action or stay as what they are now, enjoying the success of their business.
Even though Binance holds most of the share in crypto i still believe binance is growing organically with all features of developments like fiat exchange and new blockchain and strict rules in listing binance is having a positive growth in the market
But honestly, I did like the move of the CEO when he delisted BSV. Tweeted a straightforward message, no fuss. I don't know if he was thinking at that time that with that such action, other exchanges will follow thru. I believe, it is his inner desire to do that not considering anybody else's opinion.
Let us see how things unfold for Binance. But right now, they are one of the reputable exchanges out there.
Let us see how things unfold for Binance. But right now, they are one of the reputable exchanges out there.
I see, as one of the best exchange in the market for now, binance actually can encourage other exchanges to delist and list a particular cryptocurrency. One thing is when kraken has just delisted Bitcoin SV. We can further see its market implication to make a move and be followed by small exchanges.
We have so many options and monopoly will never happen in cryptomarket. Binance is not the only exchange who implement IEO, and not the only exchange who will delist BNB. The current growth of BNB is just an indication that the competition in cryptomarket is high and some other exchanges should also improve their system or else BNB will take control of the market, but i doubt on this since BTC is still there to control us.
It's quite dangerous for a centralized exchange to monopolize crypto, from owning bandges to bullets; they want everything to come in contact with their ecosystem before crypto's actually see true success. But, Binance's recent movements is having the inverse effect, they are becoming a truly a dangerous threat to crypto entirely, this is in my opinion and sentiments.
Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
It's cryptosystem. So nothing is permanent. Binance had a huge customers now.The drawback in binance is the withdrawal fee.If you had used binance, even you may experienced this.Many new exchange are emerging with some good features.So their is change for anyexchange to replace the place of binance. Monopoly is not at all permanent in the cryptofield. Due to some attractive features, some exchange may be in top for certain period.
It's quite dangerous for a centralized exchange to monopolize crypto, from owning bandges to bullets; they want everything to come in contact with their ecosystem before crypto's actually see true success. But, Binance's recent movements is having the inverse effect, they are becoming a truly a dangerous threat to crypto entirely, this is in my opinion and sentiments.
Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
But no need to panic,the monopoly on crypto field won't stay too longer for that history you said is the proof.There are lot of new exchanges also emrging which can make the reputed exchange to act fairer or they will be out of the competition like many reputed exchanges were fallen in the recent years. Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
If you're talking about "delisting" then it's nothing out of the norm cause every centralized exchange does that. But if you're specifically mention BCHSV's case then it's a bit of personal problem. I can see some controversial stories involving BCHSV but it's not worth deleting. Maybe CZ wanted to boost his fame. Hope he won't go too far on this.
It's quite dangerous for a centralized exchange to monopolize crypto, from owning bandges to bullets; they want everything to come in contact with their ecosystem before crypto's actually see true success. But, Binance's recent movements is having the inverse effect, they are becoming a truly a dangerous threat to crypto entirely, this is in my opinion and sentiments.
Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
Yeah I agree with you, too much hype on binance and its very overpowered in the crypto industry because of CZ fame and marketing skills. But what I like in this case is that fake/scam projects are eliminated. But Binance is not really overpowering the crypto, there are too many projects with revolutionize technology that are very quiet developing their product. Imagine Binance dictating which cryptos see success and which others fail, that's the direction we're headed in, or how they want us to perceive what Binance actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame.
I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.
There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.
Binance is beginning to look a lot like MT. Gox, but for a whole new era.
I think that's a plan to attract investors to binance. they do so to raise their trading floors. Many people like to use it with many people because of profit problems.
Let us see how things unfold for Binance. But right now, they are one of the reputable exchanges out there.
I don't like the fact that priority has been given to big guys or rich dude in the Binance IEO, crypto does not succeed with few, but grows with large community input. Just Imaging if the price of bitcoin had started at $500 and only a few could afford it and restriction was placed on the minimum trade order many persons would have missed out. Although Binance has contributed greatly to crypto development and has shown that impossibility is nothing.
I disagree because it is not only binary that is currently holding the IEO, so I feel that worry is excessive. All definitely want to give the best, being the biggest including Binance. There are several exchanges that have held IEOs, including the top 10 in the coinmarketcap.
It's not just IEO's, this post includes IEO's also regards their new blockchain and coins being associated with Binance Chain, gaining favorability and recognition among the top CEX. Along with that, DEX listings, their go-to shilling platform of Trust Wallet and etc.
Owning the bullets and the bandages. From which chain coins could "potentially" be utilizing, to exchange and sale hosting. Not to mention, the amount of resources capital and etc they have to push new projects from 0 to hero with 1 tweet.
Also this leads to the first post...
But honestly, I did like the move of the CEO when he delisted BSV. Tweeted a straightforward message, no fuss. I don't know if he was thinking at that time that with that such action, other exchanges will follow thru. I believe, it is his inner desire to do that not considering anybody else's opinion.
Let us see how things unfold for Binance. But right now, they are one of the reputable exchanges out there.
Let us see how things unfold for Binance. But right now, they are one of the reputable exchanges out there.
I quite disagree with this, but it appears I'm in the minority. I don't disagree with it on the basis from a Craig perspective and doing 1-ups, social, being a fake and etc. I look at this situation purely from a crypto standpoint. Despite what a crypto may be associated, connected or birthed from, CZ is out of line in dictating the markets based on how he feels that day.
Ofc the reserve arguments is its his exchange, fine, but a monopoly is going to hold weight in dictating which coins get delisted off of other notable exchanges (the little exchanges). Because the action didn't just stop with Binance, other exchanges also recriporcated the same behavior and delisted BSV.
I'm not defending Craig, nor do i want to hear arguments on how he's damaged crypto and this actually benefited x and y and z. All that matters is the reasoning and judgement behind this and the implications for doing so.
I'm 100% with Vitalik in all this and his thoughts he continues to share about CEXs.
There are alarming red-flags occurring and yes some would also argue competition. But, crypto is an infant, this can be the normal for a decade to come. Who knows? I encourage readers to not embrace everything with open arms, especially if you're not directly invested in BNB.
I disagree because it is not only binary that is currently holding the IEO, so I feel that worry is excessive. All definitely want to give the best, being the biggest including Binance. There are several exchanges that have held IEOs, including the top 10 in the coinmarketcap.
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