"The cryptocurrency industry lacks transparency", supporting the founder of Messari.

Ryan Selkis, founder of Messari (a well-known and well-known supplier of statistical data on bitcoins and cryptocurrencies), gave rise to an interesting discussion on twitter, stating that the major companies active in the cryptocurrency industry are lacking in terms of transparency; among the various teams involved in Selkis we have leading companies in the cryptographic eco-system such as Tezos, Chainlink, Bitfinex and platforms such as Ripple, EOS, Tron, Binance, Stellar and Tether. While the allusion to certain companies is understandable, it is not clear, however, why Selkis also brought up platforms like Litecoin and Ethereum that do not even have a corporate form; obviously his statements caused quite a stir and, consequently, Selkis himself had to return to the subject by specifying better what kind of transparency he was referring to. According to Messari's founder, therefore, almost none of the companies and platforms mentioned publicly share the management of funds and the decision-making processes of governance; Selkis states that it is necessary to provide that information to allow users to invest in an informed manner, but it is clear that there is a personal interest behind this request.

Providing data and information of that type is in fact the core business of Messari, so substantially Selkis is asking that platforms and companies share more data for the benefit of Messari, to do so he has claimed transparency, probably in an attempt to involve the community . The way in which projects like Litecoin and Ethereum manage their own funds, moreover, is well known, as it is with regard to companies such as ripple or tron; however, what is stated by Selkis when he writes that transparency is a question of will, not of technology, is certainly true, and it is equally true that some of the companies mentioned (for example bitfinex) have always acted opaquely, but it seems to me at least ungenerous put bitfinex on the same boat of binance. For heaven's sake, even Chanpeng Zhao has not been exempt from the criticism of the community and certainly on many occasions he has entrenched himself in absolute silence, avoiding requests for clarifications that were put forward by many, but from here to equate the behavior of binance with those bitfinex passes there and not even a little; in short, surely the companies of the cryptographic space can still do much in terms of transparency, but the situation is not even so dramatic as it would seem from the tweets of the founder of Messari.