11-09-2022, 04:25 PM
The drama that has been triggered by SBF and CZ shows how far we have deflected from
<!-- SC_OFF --><div class="md"><p>SBF and CZ are two billionaires (well, one of them no longer is) who are working for the best of interest for themselves and their corporations. In the corporate world, everybody is trying to snitch the other one out, weaken the rival, and acquire other smaller firms. They are just playing the “game”. Nothing these corporate dudes do is justifiable, but it is the way things are and the way the “game” is played. </p> <p>When it comes to the crypto-world, there were not supposed to be large central exchanges. The paper that Satoshi wrote for the creation of Bitcoin, was titled: “Bitcoin: A peer to peer electronic cash system.” Bitcoin was supposed to be transferred between peers, not the central exchanges.</p> <p>Some might argue that there are advantages to CEXs and there are advantages. CEXs provide a user-friendly platform for exchanging coins. They have played a major role in the technology's spread and they invest in the ecosystem's development. </p> <p>But the CEXs have become too powerful and they are against the core principle of crypto, which is decentralization. They are changing into a new version of central banks. They manipulate the market through pump and dump. </p> <p>I think we should worry about the amount of influence Binance and CZ has on the market. Try to withdraw your coins from the CEXs and store them in a wallet.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mave_wreck"> /u/mave_wreck </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yqej7e/the_drama_that_has_been_triggered_by_sbf_and_cz/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yqej7e/the_drama_that_has_been_triggered_by_sbf_and_cz/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>SBF and CZ are two billionaires (well, one of them no longer is) who are working for the best of interest for themselves and their corporations. In the corporate world, everybody is trying to snitch the other one out, weaken the rival, and acquire other smaller firms. They are just playing the “game”. Nothing these corporate dudes do is justifiable, but it is the way things are and the way the “game” is played. </p> <p>When it comes to the crypto-world, there were not supposed to be large central exchanges. The paper that Satoshi wrote for the creation of Bitcoin, was titled: “Bitcoin: A peer to peer electronic cash system.” Bitcoin was supposed to be transferred between peers, not the central exchanges.</p> <p>Some might argue that there are advantages to CEXs and there are advantages. CEXs provide a user-friendly platform for exchanging coins. They have played a major role in the technology's spread and they invest in the ecosystem's development. </p> <p>But the CEXs have become too powerful and they are against the core principle of crypto, which is decentralization. They are changing into a new version of central banks. They manipulate the market through pump and dump. </p> <p>I think we should worry about the amount of influence Binance and CZ has on the market. Try to withdraw your coins from the CEXs and store them in a wallet.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mave_wreck"> /u/mave_wreck </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yqej7e/the_drama_that_has_been_triggered_by_sbf_and_cz/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yqej7e/the_drama_that_has_been_triggered_by_sbf_and_cz/">[comments]</a></span>