Bitcoin Forum

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

As you know Binance is No.1 crypto exchange in the world and most of users are trading on Binance and in future may be Binance will full hold on all market.

I dont think CZ will be dictator in crypto space. We have a lot choice when choosing exchangers and the influence of CZ only in binance ecosystem, and the coin listed in binance, listed in others exchangers too. CZ doing a great job in cryptomarket and i think its not easy for him and the team building biggest exchangers in just 2 years.

CZ always has a change and that is why many investors have great faith when participating in this exchange. In fact, the Binance exchange has done very well in controlling the market situation and they have many new strategies to encourage investors to participate in this exchange. I personally like to join the IEO because it helped me to earn good profits and this is the main reason why i am excited to trade in Binance

Being a new dictator or not, it does not a matter with CZ. However, in general, Crypto space does not need another giant like Bitman, because price will be easier manipulated by such giants. Binance has already a giant in crypto, but we don't need to see them become much bigger, and expand their ecosytem bigger. The bigger Binance become, the higher risks for crypto space in general and for bitcoin market in particular. News comes and goes, both good and bad; so with such giant like Binance, every bad news related to them will force the market down considerably.

People feel comfortable with binance than any other exchange as it is a first exchange to introduce the trading fees commission which makes many run to the use and as of now has gain so much ground that it might take control of the market and that is not suppose to happen as we call it decentralized .

In my opinion,  I wouldn't agree to the fact that Binance is a threat to the crypto space rather I would say the binance exchange has brought so many sit ups to the exchange platforms, it has helped in reforming the way things has been going, so many exchanges are improving so as not to allow Binance take over.

I think Binance will still occupy a larger number of traders than other exchange, but not the whole market

I think I agree with your opinion. This delisting looks like some abuse in favor of their own desires. When one person controls such a huge trading volume he may be tempted to manipulate. In the future it is unknown what to expect yet.

You are absolutely right on this. i think it was a gang up against BSV in order to give BCH a strong market. i like the fact that BSV is coming back again. currently trading few places behind BSH on the coinmarketcap list.

I wouldn't say Binance is a threat to crypto space, it might be a double-edge sword on what Binance capable of. You see last few weeks Binance got hacked and they recover the fund ASAP, it's a good thing for newcomer to see that their funds are safe. On the other hand, it might become a centralized "gov" that able to manipulate market.

Future will bring the realization if there's something like this to happen, we are not sure if CZ will ruined his business just to hold or control the market, as a business person you will always care about your business, it will be revealed whatever he wanted to bring around this industry, only time can dictates the future of this market.

There's no threat if everything will be for business purposes, it will continue the process.

Binance shows tremendous success. The most advanced cryptocurrency technologies are being introduced on this exchange. She is often the first to introduce some technological features, which are then copied by other exchanges. I do not think that Binance is a threat to the digital asset industry.

Binance brings security to users and I can't find any reason that could be harmful to this market because most of the coins listed in this exchange have huge trading volume and Everyone can earn good profits from small coins. I am personally a loyal member of this exchange and until now I have not had any problems related to Binance so please accept this exchange so that both can benefit

they can be a threat if they will grow even more because it will be like a monopoly. But cryptocurrency is primarily decentralization

Binance is a very powerful global player and they are increasing their power by creating their own decentralised exchange, stable coin, margin trading and so on. I would not wonder if BNB will reach 100 USD till the end of this year.

I also think like that, CZ only focuses on the business sector where the company it developed is the best company in crypto. CZ only wants a platform that is free of scammers, if indeed the goal is to manipulate the market, doesn't CZ have a BNB that they can manipulate themselves and enrich quickly.

In fact, we can see for ourselves how the BNB coin developed by CZ has been able to develop rapidly in the past 6 months, although some time has been based on a hacking disaster, Binance is a giant company that is truly trusted by investors.

Binance, is doing a very good job leading the world's most prestigious exchange. They did very well in helping users easily use their exchange platform. currently I still believe in exchanging Binance and I don't see any manipulation from them. In future Binance will grow very strong, which is a good thing.

Binance as a threat in the crypto space I dont think so as you can see its grow faster and CZ make a lot of hardwork to make their customer being satisfy to their services I consider Binance exchange as a fast develop exchange site a lot of trader being use this exchange site after a hacking incident happen CZ double it security that why I like their platform.

I think we can compare Binance with google or even with amazon, someone has to drive the industry for sure, innovation and adaption should come, and CZ is a driver of both. With regards to delisting a coin, I do no think anyone has any power to kill a blockchain just by delisting them. The BSV founding team themselves are digging a grave for themselves. Also with price BSV price is still performing well even after delisting.

I think it is not a dictatorship to remove a coin from your own exchange. I mean he is the owner of binance and he doesn't want bsv on binance, how much more normal that would be ? He has the right to delist any coin he wants and we should not be able to judge him for what he does. He can delist bitcoin itself if he wants because its his place and what you react is your own answer to him.

After he delisted bsv nobody cared because nobody cares for bsv and its a shitty coin by a shitty person which means he is not a dictator, he is an elected person for us and our votes are our own funds that we either trade on binance or if he does something we dislike we move our money to a different exchange.

I perceive anger reading this post. Binance is a great project which everyone knows and the platform has been of a good stronghold. From your quote, yes power is intoxicating and we hope Binance doesn't abuse the popularity and dominance it has on the market recently.

Binance is no threat, they have been very reliable and none of those you mentioned is a threat. Even if they try to do bad things like manipulating price and all that, trust me, people will always find out no matter what and you know what that means, that means that it is over for them. Doing it will cause people to lose trust instantly and they will lose a lot of investors immediately. So they wouldn't try it, cause doing things like that means playing with fire. Their choice…

Binance has proved its reliability through the past.If you say deleting a coin is a threat then I'll disagree. Actually, many other exchanges deleting coins day by day. Are they threats too? For some reasons, crypto world needs some thing like that to stay clean and keep people's trust. The only thing that I'm worried about is Binance has so much influence on crypto. It'd be dangerous if they went rogue.

Binance is a threat to the decentralisation tenets of crypto.

After the Binance hack of a bunch of bitcoin, they were seriously thinking of jeopardizing the Bitcoin blockchain as revenge to the hackers, by essentially rewinding the blockchain to before the hack, with miner incentives etc.

If that isn't too much power in the crypto space, I don't know what is.

You might be right but let's just hope that the market will never be manipulated by one exchange. Anyways, if binance will be hacked then that might be a real threat to crypto space.

thats true, we should use Binance less, despite the exchange is really good but when everything is centralized it does not a good thing.
also, Binance already had problems and I thing in time it would have more.

Binance have a problem but its normal because there is no perfect in this world . There is no perfect exchange that cant be hackable or dont have any issues but binance did already solve thier problem and they refund their users , isnt that great ? While i believe other exchanges cant possibly do it  . Being centralized is not a problem and binance is a verry good exchange so why not limit yourself from using it ? 

Big or small all exchanges are targets it will only affect more people with the size of binance. Day traders spread your eggs and dont leave all your funds on 1 exchange. May shit break out you wont lose it all at once.

Binance and CZ have big wave to crypto world. I think he is not dictator but i just realized he have good idea to make something different. I dont know who's introduce first time about IEO but as you know because so many project success in binance launchpad so many exchange also held IEO. That fact.

I have never seen anything as a threat in crypto currencies. I always take the positive side and assume that it is a challenge that we must face. Competition in crypto currencies is indeed very tight. I think binance does not threaten crypto currency space. Indeed we cannot deny that binance has a very good development so it indeed seems to be a threat in crypto currencies. I think we should always take the positive side and make it a motivation to be more advanced.

Giant that has shown us that he has not learned to keep Bitcoin in safe. I once heard opinion of an expert with market of crypto exchanges. He says if crypto market wants to have future as the stock market - is a long way but it's real.
And he says: Today's crypto exchanges are simple exchangers that exchange money to cryptocurrency and they will not succeed in future unless they act transparently.
He trusts Kraken. As the exchange which develops properly. On other exchanges he does not recommend keeping money.

Of course people feel comfortable with Binance and they really enjoy the exchange. See that hack thing occur and it could have made Binance the worst exchange out there but it did not because Binance played wise games and covered the loss of the people who suffered in the hack. It has been providing great services and I think there is no need to call it a threat but a blessing.

Today's crypto exchanges are in beta mode and simply handle the fiat- crypto, crypto to crypto deals. The long term vision is critical if they want to go to higher levels in the future. Binance made a great jog and this exchange is unbeatable even hack news doesn't affect their long term vision.

It has always been my opinion that we are hypocrites for the simple fact that we celebrate and praise Cryptocurrencies and blockchain while at the same time, we still prefer centralised exchanges over decentralised exchanges.

I don't think binance is a threat to all of us, but we don't know the truth. Maybe binance has a secret plan and they don't want to explain their strategy. We can say binance is a threat because they delist bsv or doing another thing but the truth, we still guessing for what is their reason to do that. So I think it's better to wait for a while so we can see what will binance do or we will see news from binance.

Binance delisting SV has set an example of how how powerful exchanges have become.  You may not agree with Bitcoin SV but it is still in the top 10 and they could make a lot of money off the trading fees.  So they aren't even making the correct financial move but doing something out of spite instead.

Then perhaps we should be looking for another number 1 so it wont be that much greedy yet for starters..
Expect it to happen.
But he is also taking risk with his manipulation.
The price on their exchange also relies on other exchange which means theycannot be too far from the price of each or else there will be arbitrage and it will hit them hard.

That is also one thing why they cannot manipulate it just like that.
If the price of btc at binance suddenly falls and then at bitmex is pumping they will be having a lot of problems.

Let us forget about the power they hold in the market, how about the security lapse they had and hackers running away with 7000BTC and CZ even considered a bitcoin rollback at that phase which is a silly thought process as he thought it would be a easy process like some shit coins did in the past when they encountered the same situation  :P. And a few days back i saw a thread here reporting that the site was offline, so it is best to avoid them for the time being and they are becoming that powerful because of the user base they have and when that is gone, they are just a normal exchange.

Now there is another accusation against binance and other exchanges that they shows fake volume and allow unlawful practices.
Here is the source to read more about it  (https://cryptoslate.com/unlawful-practices-hit-top-cryptocurrency-exchanges-including-binance/)

I think Binance and Changpeng Zhao should be cut some slacks. Although power might be a bit abused but the state of current confidence and and trust in the market today has been largely contributed his effort through IEO and positive marketing

CZ decided that delist BSV is a perfectly right decision. because BSV is actually an unbelievable altcoin when it is operated by a whale.
BSV is still a great altcoin, it has more upgrades but its purpose is still a tool for Craig to manipulate market prices. The CZ understood that and I knew why he delist it.

BSV delist was a respectable behaviour by Binance and it was a starting point for other exchanges to delist Bitcoin Cash Sv. The fake person who impersonate the Satoshi Nakamoto should take care of his business.

This is just based on the perspective we are looking at it. Other exchange have been there before binance and also  posses their own threat to this space.personally I believe all Exchange is a threat to this space. Not a matter of binance alone.

With all the bad that Craig Wright represents in the space and all his fake claims, I still feel Binance was very wrong with that decision of delisting the coin, apart from the power CZ holds in the space, binance is becoming a centre point of failure for the space, if Binance become MGOX, can you imagine the high number of people that would lose money, we don't need monopoly market and other exchange need to wake of give Binance fight for their money.

keep thinking positively, if you cannot provide something good for the development of crypto space then binance is here to build crypto to be better and safer for its users.

really? is the situation more worse than what bitcoin is in right now? most of the hashing power is concentrated into a handful of pools. Same with eos where it is centralized in with just 21 block producers that are getting 1.88 million a year for doing absolutely nothing?

Will it be any worse when compared to the case of facebook's worldcoin or libra or whatever the crap they're calling it? licensing each node for 10 million dollars and then concnetrating that power into one space?
See, decentralyzation is great, it should happen but as infrastructure decentralyzed infrastructure is very unreliable. Just factor in a 5 - 15 ms of latency in any decentralyzed network and you will see what I mean.
decentralyzation is prone to adoption, if people don't adopt, then the network will not mature and for that maturity to happen, it needs to be centra, to an extent, at first..

You might see binance as a threat in crypto space, but i see binance as a game changer.  At the moment that ico was phasing out binance came with a whole new approach of IEO and many other exchange followed suit. Binance always comes with a whole new innovation at all times

Well, i just think you are equally liable to say anything you feel like cos the law of Slander do not strictly apply to crypto as much. But, i'm convinced CZ and the entire binance team their reason(s for such action not clear or unknown to many

so far i see no danger from binance. yes, binance is a big player, but he has not hurt the crypto world so far.
if it stays that way, binance is and remains a big player and not a threat to the crypto space.

and who's Vitalik to talk about Binance centralization? Actually, BSV and Craig Wright are hated by virtually everyone in the space not because of just the centralization but also the threats and uneccesary panic he's caused in the space. CZ on the other hand hasn't threatened anyone but is focused on his business and so why do you even compare them lol? CZ is a businessman lol and he hasn't forced anyone to use Binance and its conglomerates. People like it because he's the best or one of the best, and those are the facts!

If Binance was the only exchange, then there would be problems, but there are a lot of exchanges and there is no threat of monopolization of the market.

It makes sense that Binance really gives threat to the cryptocurrency. It is considered as the biggest exchange of cryptocurrency and all people believe and put their trust in it. Although it had a problem with hackers, this exchange can recover and increase the trust of all members. And it also has its own coin that really makes a great move to rank 7 in CMC.

There is a threat to decentralization from binance, but CZ does so much for crypto currency and I believe there is no other way to achieve it.

i disagree for now, for now!
as i see,CZ seems normal, i mean he not using their power for something like u say.
and about delisting BSV, craig deserve it.
like u see recently, craig still continue to harashing BNB but CZ seems doesn't care about it.
,whatever craig say about bnb just money loundry place or another negative,CZ still calm.

yes, maybe someday it's can be happened, but hopely its never be happened.

As you know Binance Exchange is number 1 exchange in crypto world and growing day by day,So Binance is creating monopoly and this is not good for crypto market.

I don't really think Binance poses threat to crypto space , rather binance has been a pillar to an extent. Everyone will agree with me that Binance revived token sale via IEO, it also boosted the overall market cap couples with the great news and updates.

When its about list or delist a coin or token, its about exchangers authority. Exchanger have a full right to delist a coin or token for many reason and i dont think binance is a threat for crypto space because most coin listed are good project with working product

I have to agree with this, Binance work hard to be recognized as the best exchanges, and people are willing to trade in that site, so I don't think monopoly and threat are the correct word for Binance, for now people are choosing the best platform to used and Binance is the best for now

when there is a project that is not running and does not have a trade, I think it will be mandatory to dispose of the list of assets listed in their exchange. therefore an exchange must indeed make the best selection to become a requirement for an asset registered in their exchange.

One thing you should understand is that there is no platform that is not lead by someone that will succeed so much, I know you will want to use bitcoin as an example on what you are trying to say, but even till today there is a team in charge of releasing bitcoin upgrades called the bitcoin core, and even though they never created the bitcoin code, they have always been in charge of maintaining the code, so it's a good thing that CZ is putting it open himself to make sure the project succeed.

Yes, the exchanges will do their job to make a selection for the project which is not running. I am sure binance will do this as that is what the other exchanges did. Binance wants to make their exchange become larger and globally so they need to have a good list of cryptocurrency so their member can trade without any problem. Yes, that will be difficult to select the project, but I am sure that binance can handle that thing.

This really got me laugh has I can't really see why you said this cos its just an exchange like every other exchange in the crypto community but doing some special promo which makes it boom than expected .

The likes of other exchange never thought of using utility coin but it does with a marketing strategy of bonus to every trade you made using their coin .

It has also gain ground on the volume generating as best exchange with real volume with best of token and coin listed on it . so I dont see it as a threat to the crypto space but who knows tomorrow another exchange might come up with better plan and take the lead as well just the way it does from other top exchange then.

Binance has been on their pathway to become another dangerous giant in crypto, after Bitman. Binance's CEO and their team are very good to catch hot trends in crypto, they took over positions of Poloniex, then Bittrex, and became the biggest crypto exchanges within months. After that, their IEOs, and margin tradings will help them to build up much stronger position in crypto. Their effects, now, are widely in so many nations, and globally crypto communitites. In my opinion, it is interesting to see how margin tradings on Binance grow and whether it will take over the position of Bitmex in terms of margin tradings in the coming years.

Don't be too ambitious, an exchange can be made and they (user) can turn away from binance. It's only a matter of time, as you may know a few weeks ago binance has been hacked, meaning that there are some gaps that hackers can access again and it supposed for every binance user be aware of this problem.

I disagree. Cz is blessing to crypto community, his trust and integrity has made what Binance today is!

Regarding centralization, I don't mind it as long as the power is used against bs (here bsv).

i think its better for all exchange to delisted all bitcoin fork buddy,,
because personally i didn't agree with the fork on bitcoin
and about binance, i think not only binance, but all exchange have its own terms to delists or add any coins buddy
regards

Indeed, exchangers must be have consideration before listing or delsting a project. Start from developers team inactive or daily transaction not reaching exchangers target. Good exchangers should be make a good selection new listing project because its about their member investment

Binance and their team very transparant during hacked. And i think this is why many people in crypto market trust on binance. With member trust and list only legit project makes their investor make big daily transaction and i think this why binance is biggest exchangers right now

binance is not a threat to the crypto space. Although cz has taken it personal to dictate to projects, you can see how he controlled harmony project but he can't to that to some projects. Projects who wants to be servants to cz are free to do so

I do not believe this, before Binance, crypto have been existing just that it has garnered a great amount of influence and contributes in determining the fate of a project because of the amount of volume they control. Bchsv proved certain things wrong, had thought that after being delisted from Binance, it would have been dead but price still hold sway.

Binance CZ is right on de-listing BSV & binance have set the benchmark for all the competitor exchange & they are also now following same, take example of IEO launchpads. If you have read this thread about BSV (SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper (https://bitcointalk.org/index.php?topic=5149062.0)) created by nutildah  (https://bitcointalk.org/index.php?action=profile;u=317618) then probaly you would have not questioned about dictatorship & threat to crypto space.

As bitcoin is the top coin and the highest volume crypto coin so is binance exchange ,its the king of all crypto exchange so don't mix things up ,binance won't be the top exchange forever though cos new exchange will take over someday

i agree with you buddy, may be today they are become number one, but remember, they already hacked, if they have another bugs on their website and can be found by hacker, i think trader will think difference about Binance.

CZ has made a name for himself. He has succeeded in giving a befitting exchange to the crypto space and for crypto enthusiasts. Therefore, there is no form of approach he brings to the crypto space that will not be exceptional and if it is, it will be seen as being monopolized. Which invariably will be interpreted as a threat to the crypto space, which in my opinion, it is not.

We saw what power can bring when his exchange was hacked, CZ wanted to roll back the loss they had and that happens when someone thinks that he is having control over everything. Imagine to what extend his thinking went when there was major loss because of the security flaw in his exchange, he wanted to roll back the entire network for that, it does not make him a blessing but a power monger  :P.

Maybe it is so. I think that binance is the best and most powerful exchange. This exchange has the largest volumes of trading and also they are constantly developing and launching new products. Therefore, Binance is definitely a future exchange

If possible, I try to work only with finance, in extreme cases I have to use the services of other exchangers, but I don’t do it willingly, because almost everyone has worse conditions than finance, the commission is longer, the processing time is longer.

Today, the crypto-currency market is very unpredictable and speculative,and yet it can give a good income,and Vice versa,what BINANS did,first increased the turnover of trading,expanded the functionality of the exchange,plus marketing,and most importantly their own token for 1.5 years of WINTER,when everyone had a drop from x 5 to x 100,and they did not sink a penny at all,and only grew,that's the most important orgument in favor of this exchange and the project,so it is stable and popular!

that makes binance better than the other exchanges. their platform is running well, their coins have a market that has increased with several events being carried out. and the binance chain network that is now starting to develop.

But they didn't proceed with roll back, did they?

This is what cz said: To be honest, we can actually do this probably within the next few days. But there are concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin. — https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack

Everyone makes mistakes, it's that when you correct them is what counts.

I think so. Binance is monopolizing the market. Although they develop very well, the fact that no competitors compete will make Binance easily control the market.

Binance is definitely the best exchange on market today. How, nobody has a clue what the price will be two weeks out from now.

1. There is no such thing as "Stable Amount" in any market, especially crypto. Look at BTC going from pennies to 20k and back down to 3k and now back to 8k. This market swings more wildly than any other market in the history of markets.

2. There are a lot of things in play for BNB price. But namely, does it have real world usage. As long as CZ keeps coming up with uses for it, then it should have some existence in the future. Could be worth $1 or less if entire market collapses again. Or it could be worth $100. No clue.

Take it or leave it, Binance is number one when it comes to crypto exchange in the world. They do not become the best on the platter of Gold but consistent effort to bring reliability and sanity to people adopting crypto exchange, and today, many exchange platform look up to them. No matter what have happened, I know they will always give reason as regard to why they delisted that token, and if the dev of such token think it is not right then they should pursue a legal action against that. If Binance seize to exist today, another trading platform will fill the vacuum and you will also say the same thing about them.

the current reality is that binance indeed has considerable popularity and trust. the real fear of the monopoly will be the binance exchange because there are so many opportunities that they can do

at least binance the most reliable and safe exchange at the moment, if you recall the recent hacking dovolno large, hacked all savings were returned that I can't speak for the majority of the exchanges.At the expense of the dictator, would have saw it, I don't think CZ is that kind of person.

Other exchanges such bittrex have been in the top before but another exchange take the spot, Binance may dominate but don`t forget it has been hack before same with the other exchanges, monopoly will be Binance downfall if goes to it.

At some point i tend to agree but on the legal side, i dont think so, although binance has a large group of community members, they can manipulate some crypto prices, because it is their platform that many members used. I find it hard to explain on my side, but i hope you guys should understand my point, but anyway i hope it will not happen actually, is a threat to some point.

Binance has been a leader of crypto market since its birthday years ago. They have good capacity to build up new products for crypto enthusiasts besides ability to improve current products and make theirs are very different and attractive than others. For now, when Binance has very good supports from their daily volume, any kind of products released on their platform, like margin tradings, will immediately get strong supports from their customers in particular, and crypto community in general.

actually if Binance did only one good thing in all this time, that one thing has been delisting of shitcoin called BSV which they should have done a lot earlier. but that is not a reason why they are bad and a threat to crypto space.

the reason for that is the fact that they are advertising scam ICOs with a new name called IEO and getting paid to do so. they are also creating a lot of useless centralized coins with their name in it (including BNB and the new stable coin) which not only centralizes things but also when they run away in the near future it will damage the whole market a lot.

That pillar word that you used is really the right word to qualify what Binance stands for. If not for Binance, many investors would have gradually been off the market, but because of the idea they came up with which other exchanges are now beginning to buy into now, even though they are not doing well as much as Binance does.

Investors are now encourage to come back to  crowd funding programmers because of the assurance they have that their investment is going into a safe hands and a quality projects through the IEO  platform created by Binance, so many other things Binance has been a savior too. All these people carrying Binance are just envious of them because they are not able to successfully dupe investors again.

Why Binance become a threat to the crypto space,I dont understand what you mean. Is it because of delisting of BSV? I dont think that was enough reason to call Binance a treat the crypto-space doesnt care about this delisting issue it was just a hype created by BSV supporters. Just look the crypto space was thousands of coins and tokens why we should wasting our time arguing this issue we must move on and let the both parties handle it.

I don't think the best cryptocurrency exchange is a threat. I trust the exchange Binance and try to trade only on it. Basically, I am attracted to trading volumes and a high level of technical security.

What they are now, some people are thinking about it badly cause they feel that when Binance gather a lot of funds and support from investors will try to manipulate the system which I've never thought that it will happen. It may be, an opposing idea will be a threat into the community itself rather than of blaming Binance. Why not look inside and find what could be a positive thing to happen.

It becomes a threat because it turns into a monopoly. a very large amount of money is accumulated on this exchange and it can be dangerous

The Binance team have paid their dues and I give it to them because they deserve it. So far Binance have reshaped the crypto space and made meaningful impacts, I do not agree they are any threat instead I should say they contributing meaningfully to the crypto space and bringing innovations that will drive this technology, one of their ideas that I find interesting is that of IEO. A lot of exchanges are waking up and copying the Binance initiatives.

I don't think binance would do that although they can do that. With the good reputations of them, I think they will be careful to decide something related to the exchanges because there will be a large amount of money that will they hold many traders believe them to take care the money. A wise trader will know if something was wrong and they will leave the exchange before it's too late so they can move their funds into another exchange or another wallet.

They are not a threat to the crypto community, because I think that they are the only company that are doing so much to near the mass adoption and to increase the standards of the whole industry. They are doing an awesome job.

I think there are still some countries that consider cryptocurrency as a threat that can make economic conditions and the country's security conditions destroyed because cryptocurrency can be used for illegal transactions without and no one regulates the use of cryptocurrency.

Luckily binance is the biggest market today because their work is better than others, binance is a big exchange and they show that new projects are not always bad so they believe in good projects and can work with binance through the IEO.

your thread is logistic, as we know Binance is the biggest market for now on cryptocurrency.
so they can make a manipulationg and monopoly market, they can control price of some coin.
but if they do that, maybe Binance will go down and people start to live it.
just my predict.

Quite understanding mate, the future of Binance look pretty much if someone suggest that it may take the whole stronghold in the world of cryptocurrency. Binace as we know has a good reputation and good customer care service, most traders prefer to trade in Binance than trade in all other exchanges in the crypto-world

I don't think that it is a threat to crypto space because it helped a lot of the investors to get into cryptocurrency and they still got their strategies up to make the community better. Even though the hack ruined their reputation a little, getting hacked could also happen to anyone and I am pretty sure that they will solve it. But I would still consider your point on this.

I don’t think that the exchange is a threat. I have no doubt in the possibilities of the Binans exchange to manipulate the market, because they have enough resources for this, but do they need it, why should they question their credibility and lose users? Binans remains in the lead as long as users trust this exchange, but if they stumble, a new favorite appears.

I wouldn't say that. Today, Binance is a trendsetter in the cryptocurrency space. Because They are incredibly productive in their industry.

more precisely the trust of traders and investors on their platform is very large. compared to other exchange platforms. we can see where maybe almost all crypto traders must have binary membership. because there are very busy traded assets there.

I do not believe that Binance is a fraudulent policy. It seems to me that this is a strong policy of an independent project. It is important to understand that they were able to turn the ICO industry.

Yes these companies are trying to set the foundation of crypto market and there are going to be more and more companies like these in future but they would be for business and not just for ideology. The only threat I see in the crypto market is the hacking think that can happen to any exchange and any wallet. This is something that needs instant great solution.

I also agree with the fact that there has been too much importance on CZ and binance. No doubt, binance is the best exchange in the world for now but placing too much importance on the exchange makes it to be a threat to crypto at large.

Well, I don't think binance is a threat, rather it has impacted a lot to crypto space. A good product sells itself, CZ deserves it, reaping his hardwork. I understand there are other standard exchanges like Kucoin, Huobi, Okex, Bitfinex, Bittrex etc but Binance has really been great. Binance chain and Binance DEX adding the shine, I don't really think it's a monopoly issue here.

What binance is doing is just in a better way, they are not the first exchange and had only started in 2 years. They are likely to face stiffer competition in the nearest future which could give them a fight. Obviously their blockchain could make ethereum lose some project interest in the future and the EU currency stable coin could also win some traders over.

Though I like Binance, but I can't disagree with you! Because people are blindly following Cz the Binance CEO! Now, a single tweet from CZ can manipulate the crypto market. Overpower is not good, so Binance can be a scary project for others! I hope those days may not come ever!

100% agree! Binance has the power to manipulate price and do whatever they want. They got a following like sheep and don't realize what can happen to crypto. I see cryptocurrency as a value of privacy and security, if a group starts handling by force this space we will start losing everything. I do not rate Binance at all.

There can't be no chance for binance to become a threat on crypto world, it's just a mere exchange market. there is no manipultion or whatsoever there's nothing like that will happen. of course they are currently the top 1 exchanges today there is no surprise if some other bad mouting them to become a threat on the near future.

You must remain vigilant in doing anything, every coin has a risk because each coin has different advantages and disadvantages.
Binance can be profitable if we can do good market strategies and conditions.
but if he threatens the Crypto I don't think there is a coin that threatens Crypto, they have different growths.

that is an innovation that is maximized by binance that every developer should compete in this space to be the best, about the existence of a monopoly or not I think that is common and not a big problem when they are able to maintain it properly

Binance have a right to delist a project or list a project on their exchangers because of many reason. I think binance is right when delist BSV after too many Craight Wright claim as satoshi without a solid proof and it potential to scamming people

I am agree, we should not think binance is a threat because the team behind already give hard work. Binance become biggest exchangers because they can give good service and provide good trading volume for their customer and i am believe this exchangers is favorite exchanger for crypto community

I really do not see binance as a threat to the crypto space but rather a multivating factor to other crypto exchanges. The rate at which the binance exchange is taking over is alarming and should make other exchanges to try their best to take over or do better and also earn the trust of investors.

I think the first CZ acted in the name of humanity over wright's legal actions, and also if Wright established himself as satoshi it was not impossible that the legal copyright of bitcoin would be controlled by one person and the reason why satoshi remained pseudonym so that all community could enjoy bitcoin.

binance is the largest exchange in the world of cryptoqurrency and most users trade on their exchanges. But, however, it can cause negative things. so as long as binance has a good increase it will certainly be a defense in this crypto space.

I am agree, if binance delist BSV, i think its binance right. After controversial statement from Wright, most people dont believe he is satoshi, including me. Binance is not a threat because binance only list good project with solid developers team

I dont see negative things when more people trade in binance. Its more positive because transaction volume growing more bigger and the price could rising. As long binance can secure the funds, i dont see a big problem with that

The challenge should be accepted by those ho still wanted to run the business, improving the exchange and have a interesting offers
should be taking place by the marketing team coming from those exchange who still like to survive and be use by traders around,
binance is doing well and its a challenge for any competitions.

I don't think that binance is a threat to cryptocurrency space. we know that binance is a large exchange and has many users and we also know that most investors already trust their exchanges to trade.

I do agree, Binance is a big threat in the space now, most people won't agree but the systemic risk it pose tot he whole ecosystem is huge, just look at what happened yesterday, just an announcement crash the market, can imagine when SEC go after Binance, people should not forget that DEX is not enough, remember the story of EtherDelta before they decided to settle with SEC

it is hard to believe if he is a threat to cryptocurrency, and maybe that is just news that is uncertain but has spread.
I don't understand that, but I'm not sure about this news, because Binance is a big exchange here and many are interested because maybe they are sure about him if he can develop better.

yes I am also very careful with binance after what happened at that time was hacking on their exchange. Besides that I also still remember the story of EtherDelta before they decided to be satisfied with the SEC. but what happened was the opposite. and what I feared can then occur with binance.

Besides that, if binance is really done that, the members will leave binance, and binance itself will lose their benefits of the left of the members. They will lose the trust of the members, and that will be bad for binance. As a large exchange, binance will do many things to give benefits for the members so they can get more members/traders to trade in their site. In a long time, binance will grow more if they can get huge traders that will come to their site.

No,just the more successful projects that bring profit,the development of the industry,the better for the entire crypto space, as it improves the image,and gives faith that this direction will develop,and the market just will not stand still,so it's the opposite plus that one of the projects,very well began to grow and develop

but to be able to make coins, they usually depend on the project being developed because when the project they developed is very good and can be useful for many people, it will make the price of the coin very expensive.

in fact it is true that binance has provided comfort in terms of trade for its users. they have worked hard to build this project and I believe that if there are shortcomings in binance projects the team will always fix it for the convenience of its users.

yes the point is back to market interest. because the developments made can attract market responses. if there is no response from the update, there will be no change in the price.
binance has a tremendous growth, because the community that trades and people who invest in binance are very large. therefore each IEO held by binance always experiences success.

What power are you talking about? Traders and investors trust Binance and CZ so much and that is why they are very influential and an important factor to the crypto space. The community put Binance on their top spot because their intention is good and if they are not like that then they would not possibly reach what they have now.

This exchange has become an absolute monopolist and it is actually bad for a crypto community.

Binance is a very influential market today and even based on the BNB coinmarketcap is ranked number 1 in the world, I am so sure that the BNB will be the number 1 top coin in the world, as we have seen this year, price movements have significantly increased.

So what do you want to have them do, they fold their hands and do nothing for other exchange to pick and then give us an imperfect system?
My own understanding of monopoly is that they are usually backed by government when it comes to business, and government are the ones that do not give much chances for other companies who are capable of competing to try but in this case, this exchange is not being controlled or approved by anyone, we are still, the one giving them the power because without us, there will be no Binance?

Then if I may ask those who are using Binance, what made them chose Binance, is it because someone imposed it on them or they chose them willingly, which I believe that most of the users chose to use them willingly, so what do you call monopoly here.

I don't see them as a threat but as an ignorant company. They became too famous and popular and CZ thinks he can have the power in its hand to control the cryptocurrency space which is totally impossible. Some day, an exchange will definitely surpass them to reduce this power influence they kept having.

Binance is really unstoppable and there is nothing or any FUD that anyone can create about them that will ever stop people from recognizing and acknowledge them. This great company is really trying and has spread its love across all.

We can see how they treat their users, they offer them low trading fee, they give them benefits a lot and they do everything possible to make sure their investment with them is worth it by making sure the value of their coin keeps increasing with numerous projects they are using to support it. I wonder why people are always enemies of progress and it is because of this envy that made them try to tarnish their image by hacking them.

You are right because too much dominance can eventually lead to a monopoly, however, there are some constructive aspects of this scenario that can be beneficial to the industry such as helping IEOs gain further popularity, providing trading options with less restrictions than more regulated exchanges in different regions and decentralized platforms

Its a challenge for some exchanges to compete with BNB, and I'm sure BNB will never dominate the market because there's a lot of exchanges who can also provide good service. If the IEO becomes stable then its the benefit of cryptomarket, but I know ICO will have a good comeback because of ETH new development. This become a threat if BNB continues to control other coins, but I'm not scared because bitcoin will still be the top coin.

At the moment, and most likely always for a long time, Binance will be the most popular and most sought-after cryptocurrency exchange. Every major investor prefers to trade precisely on the Binance, and almost every company that has its own token, also wants to list their token on the Binance.

for now maybe yes, binance is the most popular exchange. but that does not mean that in the future he will be replaced.
we all know, how bittrex, and poloniex have also been popular, and they have finally been replaced.

binance is a good exchange as they are the number one exchange in Coinmarketcap,given the fact that it was hacked, but the threat to crypto space is far from reality.. there are also good exchange out there..

In my opinion, Binance trading floor gives people many opportunities to do business and bring profit. Most people only care about profit, and when Binance Coin brings everyone's profit, the Binance Coin still grows.

I would say that let people decide where they want to trade coins. Some like big exchanges, some like small exchanges. It all depends on the big whales.
Some exchanges are trying to copy the business plan of Binance.
I am still waiting to see if people are going to switch to decentralized exchanges or not. But for the moment it doesn't seem to be the case.
Hack or not, people don't seem to be afraid to trade on centralized exchanges and do KYC. But some "decentralized" exchanges like IDEX want to do KYC too i heard. So, they are not so decentralized.

yeah it is and bnb is actually already dominating when it comes to good exchangers  . many users love to use and to recomend binance because binance is indeed a really good exhange with good service , they also have higher trading volumes while others exchange cant possibly do all of those   . the stability of the ieo will also depend in the exchage , if an exchange is good then the ieo will also become good and stable , if not then ieo will not become stable  . overall , i dont see any reason on why binance is a threat because i only see benefits when using binance  .

Those can't create FUD to the binance caused by it has a lot of useful product until the bad news has come from binance like binance was getting stolen through its vulnerability. Binance will keep try to dominating the crypto space right now.
And that's the binance platform is increasing a lot on any aspect that related to the development of the binance.