12-17-2022, 10:57 PM
Stop using Binance if you give a shit about decentralization.
<!-- SC_OFF --><div class="md"><p>I keep seeing this stupid Binance FUD on Youtube. People thinking that if Binance goes down, then it is game over for crypto. How the hell did we get to this point, that we let one exchange become so big compared to the rest of the market? Crypto is supposed to be decentralized, and I think that includes trading. No single entitity should be large enough to have a huge impact on the crypto market, if it collapses. Please don't use the largest exchanges, if you actually give a shit about decentralization. And also please don't use exchanges as a bank. Or at the very least spread the funds on several different exchanges, if you don't feel comfortable holding your own so called peer to peer decentralized cash. There are many good exchanges. Decentralize!</p> <p>Edit. How do so many people miss the fact that the post is about decentraling funds, instead of having one huge exchange with most funds?</p> <p>THIS IS NOT A POST ARGUING AGAINST HAVING CENTRALIZED EXCHANGES!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Good-Book-6912"> /u/Good-Book-6912 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zo8dwf/stop_using_binance_if_you_give_a_shit_about/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zo8dwf/stop_using_binance_if_you_give_a_shit_about/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I keep seeing this stupid Binance FUD on Youtube. People thinking that if Binance goes down, then it is game over for crypto. How the hell did we get to this point, that we let one exchange become so big compared to the rest of the market? Crypto is supposed to be decentralized, and I think that includes trading. No single entitity should be large enough to have a huge impact on the crypto market, if it collapses. Please don't use the largest exchanges, if you actually give a shit about decentralization. And also please don't use exchanges as a bank. Or at the very least spread the funds on several different exchanges, if you don't feel comfortable holding your own so called peer to peer decentralized cash. There are many good exchanges. Decentralize!</p> <p>Edit. How do so many people miss the fact that the post is about decentraling funds, instead of having one huge exchange with most funds?</p> <p>THIS IS NOT A POST ARGUING AGAINST HAVING CENTRALIZED EXCHANGES!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Good-Book-6912"> /u/Good-Book-6912 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zo8dwf/stop_using_binance_if_you_give_a_shit_about/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zo8dwf/stop_using_binance_if_you_give_a_shit_about/">[comments]</a></span>