Binance Smart chain is not really good

UniversityCoin

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Quote from: dhemasm on September 18, 2020, 05:12:39 PM

It will be changed somehow but for the answer basically we must wait till the end, To be honest Centralized it's not really good but still needed i suppose on some factor. I can't really much comment much about this and basically really want to see some opinion for other people about this.

There are two main opinions here. Those who are in favor of centralization for the sake of making money. They agree to any centralized blockchain as long as they can make money on it.
Another group of people who perceive cryptocurrencies primarily as a way to gain financial freedom. That's why they don't like everything centralized.

Shallow

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On one hand one can argue that Binance chain isn't decentralized but yet it is trying its best to offer good services, and that's why most people don't really bother about it. In my own opinion, the only decentralized smart contract is that of Ethereum.
Also on the other hand, Binance has made a name for itself and with each passing day, they keep improving on their services to ensure they remain on top, so this shows that, even centralized they are doing better than those that claimed to be decentralized; thus in somewhat essence good products and services matters.

Kupid002

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Quote from: todiefor17 on September 18, 2020, 10:41:30 PM

Quote from: deathcode on September 18, 2020, 09:02:30 AM

it is only network usage in use. won't be much different from ethereum. there are many considerations why use and choose the blockchain network to use for the platform. but seeing that currently, some projects have migrated to the binance network only to be listed on binance DEX. I have also seen several projects that have finally returned to the ethereum network again after previously migrating to the Binance Chain.

Well, Ethereum seems to make it easier for developers to work with than the Binance chain, so they choose to switch back to Etherum.
People find it easier to use Ethereum as it has more wallet applications to accommodate. New Binance chain for everyone and the community. They are only interested in BNB in CZ's CEX, no one is interested in developing something on the Binance chain.

binance only creating that for business they think they can have many dev to support that chain and have the same adoption as ETH platform.

Many developer prefered to use ethereum chain because of easy function of it in and in terms of demand wth platform still the highest demand for creating token even the fees is too high for everyone .

TopT3ns

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Quote from: wack slacker on September 19, 2020, 05:04:45 AM

Quote from: deathcode on September 18, 2020, 09:02:30 AM

Quote from: wack slacker on September 18, 2020, 08:57:16 AM

They did, recently a Bill Drummond project was copied but it was on the Binance Chain, which disappoints him.
https://twitter.com/burn_the_state/status/1305529873025265675
Binance is trying to grow its ecosystem since launch, there have been a lot of projects moving to BSC but that's not so impressive since there aren't many real development projects but it's just a way to hold seats and create hype with everyone.

it is only network usage in use. won't be much different from ethereum. there are many considerations why use and choose the blockchain network to use for the platform. but seeing that currently, some projects have migrated to the binance network only to be listed on binance DEX. I have also seen several projects that have finally returned to the ethereum network again after previously migrating to the Binance Chain.

As I said, they focus on making money rather than creating a product that developers can easily work with.
Developers need a platform that is easy to use and widely used by many people. For example, Ethereum is well known and easy to use and has been developed by many applications that support Ethereum wallets. The cost of developers creating a DAPP on Ethereum is cheap, but right now the platform's transaction costs are too high and could be a major hurdle in getting their DAPP to everyone.

because the Binance exchange already has a good name and has a good reputation so they will not create any new projects anymore and they only focus on creating a place between buyers, investors and whales to buy and sell on the Binance exchange platform does not close anyone from working together to IEO as long as the project is really useful.

wack slacker

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Quote from: deathcode on September 18, 2020, 09:02:30 AM

Quote from: wack slacker on September 18, 2020, 08:57:16 AM

They did, recently a Bill Drummond project was copied but it was on the Binance Chain, which disappoints him.
https://twitter.com/burn_the_state/status/1305529873025265675
Binance is trying to grow its ecosystem since launch, there have been a lot of projects moving to BSC but that's not so impressive since there aren't many real development projects but it's just a way to hold seats and create hype with everyone.

it is only network usage in use. won't be much different from ethereum. there are many considerations why use and choose the blockchain network to use for the platform. but seeing that currently, some projects have migrated to the binance network only to be listed on binance DEX. I have also seen several projects that have finally returned to the ethereum network again after previously migrating to the Binance Chain.

As I said, they focus on making money rather than creating a product that developers can easily work with.
Developers need a platform that is easy to use and widely used by many people. For example, Ethereum is well known and easy to use and has been developed by many applications that support Ethereum wallets. The cost of developers creating a DAPP on Ethereum is cheap, but right now the platform's transaction costs are too high and could be a major hurdle in getting their DAPP to everyone.

todiefor17

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Quote from: deathcode on September 18, 2020, 09:02:30 AM

it is only network usage in use. won't be much different from ethereum. there are many considerations why use and choose the blockchain network to use for the platform. but seeing that currently, some projects have migrated to the binance network only to be listed on binance DEX. I have also seen several projects that have finally returned to the ethereum network again after previously migrating to the Binance Chain.

Well, Ethereum seems to make it easier for developers to work with than the Binance chain, so they choose to switch back to Etherum.
People find it easier to use Ethereum as it has more wallet applications to accommodate. New Binance chain for everyone and the community. They are only interested in BNB in CZ's CEX, no one is interested in developing something on the Binance chain.

yhiaali3

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Quote from: diskodasa on September 18, 2020, 08:13:27 AM

For me, Binance has everything investors need and I have never been disappointed that this exchange is changing every day to make things better and better.

During the trading period at Binance the exchange always provides liquidity for all coins and any projects listed here are very carefully moderated. One more thing, Binance always has a way of attracting new investors and this makes Binance an integral part of me.

Yes, it is true, Binance has all these beautiful and many things that attract investors, but owning all these things by one party makes matters central and this is against the Crypto principle, even if it is a large and popular company like Binance that may not control everything, is there a guarantee that Does Binance set new conditions?

dhemasm

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It will be changed somehow but for the answer basically we must wait till the end, To be honest Centralized it's not really good but still needed i suppose on some factor. I can't really much comment much about this and basically really want to see some opinion for other people about this.

Hypnosis00

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Things can be changed somehow, from time to time crypto market changing its image and some valuable features. Besides, the growing number of centralized exchanges had shown that people now started to like on it than keeping on the decentralized exchanges. But in the case with the Binance chain, I don't see any problem here but it was the conflict of interest that bought this tweet to happen, and I don't think that people will buy this issue.

UniversityCoin

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Quote from: yhiaali3 on September 17, 2020, 10:22:46 PM

Quote from: UniversityCoin on September 17, 2020, 04:46:46 PM

At the same time, Binance remains not just a top exchange, they are very successful in creating an ecosystem around their exchange. They issued not just a token like many other exchanges, they launched their own blockchain on the basis of which they continue to develop. The future of cryptocurrencies will be written by projects like Binance.

Certainly, no one can ignore the great accomplishments that Binance has made in Crypto, which has great popularity and a huge range of services that are the most popular in the world of Crypto, but at the same time this makes many people afraid that there is one company (Binance or other) ) It controls all this large group of services because this will centralize it in the end and this is against the Crypto principle.

Most of us don't care about the principles of crypto. If this were not the case, then exchanges where you need to pass KYC identification would not be popular.
The main thing for everyone is to make good money, and the principles of the crypt are unimportant.

mersal

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If it is not a good chain then better move to completely decentralized coin called bitcoin.Binance is not really dominating the market cap at the moment so burning 800 tokens less and give the remaining to the lost trader seems good as well but they are taking control which is bad butnits upto user preferences.

deathcode

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Quote from: wack slacker on September 18, 2020, 08:57:16 AM

Quote from: todiefor17 on September 18, 2020, 07:46:10 AM

In recent years, Binance has learned from their predecessors, but they are not creating new solutions or groundbreaking ideas, but focusing on getting people to rely on tricks at CEX Binance to increase value for BNB.
BSC is not bad but it is in CZ's control and developers may not like it. I just see BNB as an investment rather than a place for developers to build anything on it.

They did, recently a Bill Drummond project was copied but it was on the Binance Chain, which disappoints him.
https://twitter.com/burn_the_state/status/1305529873025265675
Binance is trying to grow its ecosystem since launch, there have been a lot of projects moving to BSC but that's not so impressive since there aren't many real development projects but it's just a way to hold seats and create hype with everyone.

it is only network usage in use. won't be much different from ethereum. there are many considerations why use and choose the blockchain network to use for the platform. but seeing that currently, some projects have migrated to the binance network only to be listed on binance DEX. I have also seen several projects that have finally returned to the ethereum network again after previously migrating to the Binance Chain.

wack slacker

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Quote from: todiefor17 on September 18, 2020, 07:46:10 AM

In recent years, Binance has learned from their predecessors, but they are not creating new solutions or groundbreaking ideas, but focusing on getting people to rely on tricks at CEX Binance to increase value for BNB.
BSC is not bad but it is in CZ's control and developers may not like it. I just see BNB as an investment rather than a place for developers to build anything on it.

They did, recently a Bill Drummond project was copied but it was on the Binance Chain, which disappoints him.
https://twitter.com/burn_the_state/status/1305529873025265675
Binance is trying to grow its ecosystem since launch, there have been a lot of projects moving to BSC but that's not so impressive since there aren't many real development projects but it's just a way to hold seats and create hype with everyone.

diskodasa

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Quote from: UniversityCoin on September 17, 2020, 04:46:46 PM

Quote from: yhiaali3 on September 16, 2020, 03:22:36 PM

Yes, I completely agree with him in this statement, yes, the primary goal of Bitcoin and Crypto in general is to achieve a decentralized world and achieve profit and benefit for all equally, but Binance unfortunately all it does is the opposite of that. It is trying to build a centralized crypto empire by trying to control Everything is in Crypto. Binance has acquired a very large portion of Crypto services and gathered all the leads in its hand, and this is the central and it is against Crypto.

At the same time, Binance remains not just a top exchange, they are very successful in creating an ecosystem around their exchange. They issued not just a token like many other exchanges, they launched their own blockchain on the basis of which they continue to develop. The future of cryptocurrencies will be written by projects like Binance.

For me, Binance has everything investors need and I have never been disappointed that this exchange is changing every day to make things better and better.

During the trading period at Binance the exchange always provides liquidity for all coins and any projects listed here are very carefully moderated. One more thing, Binance always has a way of attracting new investors and this makes Binance an integral part of me.

todiefor17

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In recent years, Binance has learned from their predecessors, but they are not creating new solutions or groundbreaking ideas, but focusing on getting people to rely on tricks at CEX Binance to increase value for BNB.
BSC is not bad but it is in CZ's control and developers may not like it. I just see BNB as an investment rather than a place for developers to build anything on it.

Gayong88

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In my opinion, the terms and conditions apply if we have chosen to use such a platform for an exchange, in this case Binance. whatever the position when we have entered their platform.

southerngentuk

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Why do you care about it's good or not?
you take your profit out of it and get out when you could, there are a lot of shitcoins out there but people still making money out of them no matter if they are good or not, it only matters if you wanna hold one of them for a long long time, that would be a different subject.

imstillthebest

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Quote from: yhiaali3 on September 17, 2020, 10:22:46 PM

Quote from: UniversityCoin on September 17, 2020, 04:46:46 PM

At the same time, Binance remains not just a top exchange, they are very successful in creating an ecosystem around their exchange. They issued not just a token like many other exchanges, they launched their own blockchain on the basis of which they continue to develop. The future of cryptocurrencies will be written by projects like Binance.

Certainly, no one can ignore the great accomplishments that Binance has made in Crypto, which has great popularity and a huge range of services that are the most popular in the world of Crypto, but at the same time this makes many people afraid that there is one company (Binance or other) ) It controls all this large group of services because this will centralize it in the end and this is against the Crypto principle.

thats simple . if people doesnt want that to happen then they shouldnt put all thier trust on binance but im not saying they will ignore everything ofered by binance but they can still continue using the exchange . like others , i want to argue on it at first when i saw this thread but i realized that binance also have thier own decentralized exchange which means that they dont only want to become centralized and control everything on this space but they support decentralization as well . they support both sides of cryptos . lets not judge them quick shall we

yhiaali3

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Quote from: UniversityCoin on September 17, 2020, 04:46:46 PM

At the same time, Binance remains not just a top exchange, they are very successful in creating an ecosystem around their exchange. They issued not just a token like many other exchanges, they launched their own blockchain on the basis of which they continue to develop. The future of cryptocurrencies will be written by projects like Binance.

Certainly, no one can ignore the great accomplishments that Binance has made in Crypto, which has great popularity and a huge range of services that are the most popular in the world of Crypto, but at the same time this makes many people afraid that there is one company (Binance or other) ) It controls all this large group of services because this will centralize it in the end and this is against the Crypto principle.

UniversityCoin

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Quote from: yhiaali3 on September 16, 2020, 03:22:36 PM

Yes, I completely agree with him in this statement, yes, the primary goal of Bitcoin and Crypto in general is to achieve a decentralized world and achieve profit and benefit for all equally, but Binance unfortunately all it does is the opposite of that. It is trying to build a centralized crypto empire by trying to control Everything is in Crypto. Binance has acquired a very large portion of Crypto services and gathered all the leads in its hand, and this is the central and it is against Crypto.

At the same time, Binance remains not just a top exchange, they are very successful in creating an ecosystem around their exchange. They issued not just a token like many other exchanges, they launched their own blockchain on the basis of which they continue to develop. The future of cryptocurrencies will be written by projects like Binance.

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