Binance is a threat to the crypto space

[jcarlo]

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.

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

[cahbagus555]

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 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

[joshy23]

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.

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.

[Loedong]

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.

[disconnectme]

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

[trumplove]

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.

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.

[simpelplan]

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

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.

[michellee]

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.

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.

[Cat Coin]

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

[whiteblue]

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.

[labenea]

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.

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

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.

[TWW]

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.

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.

[XFlowZion]

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/

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.

[Mr.Noda]

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

[cafee_orange]

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.

[davinchi]

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/

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.

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.

[OptimusPrime_3]

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/

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.

[BTCappu]

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.

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

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.

[starblocks]

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

[samcrypto]

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.