Erm, ok, so the only issue that remains is that BNB is actually not a decentralized asset right? I have studied a bit how BNB works and what I noticed is that most investors, mostly small retail investors, think that they are holding a decentralized coin. But BNB is anything but decentralized. It is fully centralized, but benefits from the trust that Binance built over time and lives up to. Anything I am missing or understanding wrongly?
Yes, BNB is completely centralized. And it is for this reason that it will never surpass Ethereum. Although there are positive aspects to centralization,they depend on the success of the Binance exchange. It should be remembered that in case of problems with the exchange, and they will definitely come, these problems will affect the price of BNB.
Thanks man for pointing it out so sharply! It is exactly the point that differentiates Ethereum from any other "competitor". Ethereum is trying to go full stack at all costs, and everybody realizes that. That is why people pay a lot to get their hands on Ethereum.
