Seriously, it is a permissioned blockchain with only 29 active nodes, all of which must be approved by binance ITSELF. Ya know, the centralized exchange? BNB and binance smart chain is literally the antithesis of what crypto was initially designed to do — remove the need for a centralized authority. It’s taking up almost $42 billion of market cap that could be put to good use in other ecosystems.
CZ literally called it “CeDeFi” in a since-deleted tweet… Deleted because it’s dumb as fuck.
So, those of you who own BNB, pls explain to me why. Is it ignorance, or that you just don’t care about decentralization and want TPS GO BRRRR? If that’s the case, then it’s just greed and a disregard for crypto’s mission, and at that point you’re basically just a grifter.
Edit: I’m honestly disturbed by some of these answers. It’s like a never-ending fever dream. Having been around since 2016, I was beginning to build hope that FTX would be the moment we actually mature and focus on investing in decentralization rather than bullshit. The irony of being invested in bitcoin and ethereum while also being invested in BNB is going over most people’s heads. You’re investing in the concept of decentralization while also investing in centralization. It’s a step forward and a step back simultaneously. What is it that you’re betting on exactly?
If you’re a trader, fine, but you’re absolutely not helping a long-term mission. You’re just hurting progress. You could instead trade more decentralized alternatives and not give BNB a market cap it doesn’t deserve.
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