But on the other hand, I'm a little bit uncomfortable with a handful of individuals having such power over the market. What if CZ announced tomorrow that he thinks BCH is the future and Binance will be delisting BTC? (A ridiculous hypothetical I know, but the metaphor still stands.) Why should these few individuals get to choose which coins are "allowed" to continue and which will die?
i felt similarly uncomfortable during the blocksize debate and lead-up to segwit activation. coinbase, bitpay et al tried to use their economic influence to force protocol changes. why? because high fees were costing their businesses money and they only care about profit, not bitcoin.
same shit here. it's really transparent what CZ is doing, same as his obnoxious virtue signalling with notre dame and other publicity stunts. it really puts a bitter taste in my mouth. this is all about building a brand for binance. that's all he cares about. it has nothing to do with bitcoin or "the community". it's becoming repulsive how transparent he is. i really wish he would just shut his mouth and stop waving his dick around for a while. i don't give a shit about BSV but it annoys me that CZ is the one who basically decided whether it lives or dies.
binance is getting too big for its own good. they're becoming the bitmain of exchanges and it's not a good look at all.