Sirwin
Sirwin

Will privacy coins be delisted on Binance?


I'm going to try and keep this one short. It's pretty much an addendum to this, so if you haven't seen it yet be sure to give it a read so this next part won't seem like gibberish. Because we have a rather worrisome yet predictable development: After delisting Tornado Cash, Binance has now taken the first step towards delisting Monero and Zcash.

Yes these know-nothing degens making their little social media posts or cringetube videos were ecstatic when CZ announced his resignation. Why? IDK, guess it's some nutjob theory about how they and their governments are the good guys fighting crime and corruption or some delusional πŸŽπŸ’© like that.

Apparently people's privacy is the core cause of terrorism and drug money flowing freely towards North Korea. I'm not saying CZ was like the Robinhood of privacy or something, but despite running the largest centralized exchange he did try to stay true to the nature of crypto. We can not let governments decide for us what coins can and can't be listed, they can f**** off and continue to unlink their Dollars from Venezuelan Bolivar or Iranian Rials if they want to play that game, any exchange that is following governments down that path should cease to exist IMO and I couldn't care less what benefits they offer, you won't see me rewarding their pointless little site with my presence.

So OKX, Binance, Coinbase, you can go ***** yourselves. There are like a dozen smaller, lesser known exchanges that already abide by the same oppressive government restrictions on privacy coins so to not leave anyone out, you all can do the sameπŸ–•. Did Bitcoin ask a bunch of dirty old people what it was or wasn't allowed to do? No and Bitcoin was set up and has now grown in a way that they can not take it down. "Phuh nonsense, governments just want to fight terrorism and crime, no one cares about your monopoly money" is the core message of the next cringetube video trying to whitewash these events. But little do they know there actually already was an independent currency that predated Bitcoin which governments did take down. And yes it was very much traceable and in no way had the anonymity Monero has, so you can trow that "terrorism money laundering North Korea" theory in the trash along with Binance and OKX.

And last but not least, we must support and protect DEXes that offer these coins a lifeline and make it possible for people to still interact with them. Logical consequence will be that government oppressed CEXes will halt their clients from sending crypto to these DEXes, but that can actually be a good thing as it will make those that still use these CEXes stop and think for a second about the bigger picture. As as wise man once said "Most people neither care or truly understand, unless it starts happening to themselves."

How do you rate this article?

80



Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.