We didn't want centralization and that's what we're getting.
FTX acquisition could grant Binance control over 80% of global crypto market
(Source).
Yes, that is what we are going to get, a monopolistic situation in which an actor takes over almost the entire crypto market. And all this in a very few years.
Obviously, everything is our fault, we know what BNB is, pure centralization, we know that DeFi on BNB continues to be less centralized, we know that CZ is the great owner of all the tokens running under its blockchain, we know that its futures products are manipulated at will, we know that CZ maintains at least 4 of the top100 BITCOIN wallets, totaling more than 480,000 BTC...
We believe, or at least I believe it, that CZ could be one of the richest men on the planet if he is not the first, taking into account what we know and what we don't...
And now who stops CZ? Well, it seems to me that the answer is more than clear here, the regulators.
And if these regulators get even tougher it is possible that the "decentralized" phenomenon will be stuck forever as if we were talking about a beautiful and utopian anecdote of the opportunity that humans had to obtain a fairer world at a monetary level and also in other areas, but which they missed.
But don't worry, FUNDS ARE SAFU says the good Chinese-Canadian...
I still keep the hope that BITCOIN can still be the escape route to all this shit generated by the greed of some big ones followed by that of ourselves...call me naive if you want
