Binance is a threat to the crypto space

[el kaka22]

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 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.

[Chomsy]

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.

[SirLancelot]

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/

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…

[Lagonda]

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.

[TheHas]

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.

[Ranly123]

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/

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.

[halpi]

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.

[shoreno]

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 ? 

[klaaas]

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.

[zero714309]

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.

[Marcus yoyo]

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.

[Bohdan Rabeha]

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.

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.

[Tungsten-1]

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 .

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.

[seleme]

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.

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.

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.

[Nwankwobtt]

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.

[ethereumhunter]

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.

[angel55]

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.

[Reid]

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.

[eaLiTy]

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

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  . 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

[profitgenerator212]

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