BNB: The Good, the Bad and the Ugly


This is a fact-oriented article and take it as you may. As a supporter and holder of BNB, this post isn't taking any sides rather than presenting the facts and all articles will be listed below. 

As you know, BNB has been a hot topic of debate across forums like reddit and twitter. The central question is this: Is BNB good? This is not an easy answer to solve as it has a lot of upsides in it of itself which could make it a great contender to act as a force against coins with large fees such as ETH and can support a lot of other coins. These are all the upsides and downsides of BNB, a coin with a lot of potential and one of the best altcoins on the market.

1: The Good

As seen above, the good thing about BNB is absolutely nothing to scoff at. It absolutely exploded over the past 2 years and its Binance smart chain technology is absolutely amazing and could bring us into a new generation of low fee transfers and trading. It also has a lot of support for coins and other exchanges like Pancake Swap, etc. It is also an incredibly strong contender against ETH for some of these exact reasons itself. 

2: The Bad

The only bad thing (besides the Ugly part) is the fact that BNB, more specifically the BSC, has less support than a lot of other coins in the market do when it comes to wallets/other exchanges as a whole. This isn't to say the BSC isn't good on its own, its more the fact that places like Coinbase refuse to list it.

3: The Ugly 

This is probably the most controversial part of the article. Its no surprise that BNB has absolutely launched itself from riding off of Binance's success on its own, the problem comes from making it one of the proprietary coins for their service. This has somewhat artificially inflated BNB's price to this height and is one of the reasons it was changed in the US. This isn't it however, as Binance has absolutely made BNB centralized in it's service as a whole. This isn't to say its an inherently bad coin, however, there is no denying the fact it has some pretty shady, anti-consumer behaviour under its belt.

This isn't a hate article, its just to inform some of you about some of what BNB, and more specifically binance, is up to.

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