I read dkbit98's post above, and I'm a little confused about the term "decentralized" and I'm wondering if we're all defining it the same way. Take this statement for example:
It should also be mentioned that nothing connected with Binance is decentralized, including their shitcoin chain and fake bitcoin token they created.
I assume that's BNB you're referring to? Now I don't claim to be an expert on BNB, but the coin/token has its own blockchain and works on some protocol that I won't pretend to understand--but there are validators for nodes sort of like Tezos, Polkadot, and others, right? If that's the case, then it isn't Binance that's fully in charge of keeping BNB alive, no? I would think that if there are independent validators operating around the world, then that would pretty much qualify BNB as decentralized, regardless of its origins and/or affiliations.
If Binance had the power to shut BNB down completely and invalidate all of the coins, then I'd say it's a centralized token.
As for the other dapps and crap they're offering, all of that sounds centralized to me--but that isn't necessarily a bad thing on its own. Newegg is centralized, and I think it's a damn good electronics store. It's the KYC part of this Binance thing that's the killer, but those two things aren't one and the same. Anyhow, would you expect Binance to do anything differently now that regulators have crypto under a scanning electron microscope?
We all have free will, and those of us who care about privacy won't go anywhere near those Binance services that require you to give up your dox.