02-19-2021, 06:55 PM
What's happening with Binance it's exactly why we need DeFi
<!-- SC_OFF --><div class="md"><p>So Binance is developing his own chain, BSC, supposedly a fair opponent to Ethereum Network. So far so good. Today Pancake Swap (CAKE), which is basically Binance version of Uniswap, exploded, +400% but there's a problem... They're calling defi something not decentralized at all, since they are controlling it.</p> <p>They are shilling it on twitter, without even allowing answers: <a href="https://twitter.com/cz_binance/status/1362640725582569473?s=19">https://twitter.com/cz_binance/status/1362640725582569473?s=19</a></p> <p>And now they are not allowing eth network tokens withdrawals: <a href="https://twitter.com/binance/status/1362746733726416898?s=19">https://twitter.com/binance/status/1362746733726416898?s=19</a></p> <p>This is disgusting to me, and the exact reason why I don't want somebody in charge but a trustless protocol.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FDY17"> /u/FDY17 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lnhrmj/whats_happening_with_binance_its_exactly_why_we/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lnhrmj/whats_happening_with_binance_its_exactly_why_we/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So Binance is developing his own chain, BSC, supposedly a fair opponent to Ethereum Network. So far so good. Today Pancake Swap (CAKE), which is basically Binance version of Uniswap, exploded, +400% but there's a problem... They're calling defi something not decentralized at all, since they are controlling it.</p> <p>They are shilling it on twitter, without even allowing answers: <a href="https://twitter.com/cz_binance/status/1362640725582569473?s=19">https://twitter.com/cz_binance/status/1362640725582569473?s=19</a></p> <p>And now they are not allowing eth network tokens withdrawals: <a href="https://twitter.com/binance/status/1362746733726416898?s=19">https://twitter.com/binance/status/1362746733726416898?s=19</a></p> <p>This is disgusting to me, and the exact reason why I don't want somebody in charge but a trustless protocol.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FDY17"> /u/FDY17 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lnhrmj/whats_happening_with_binance_its_exactly_why_we/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lnhrmj/whats_happening_with_binance_its_exactly_why_we/">[comments]</a></span>Kind Regards R