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CB abides by regulators and doesn't list every crappy project that comes along. They're trying to bring legitimacy to crypto. Binance is the wild wild west stil
by asdev 5y ago
CB abides by regulators and doesn't list every crappy project that comes along. They're trying to bring legitimacy to crypto. Binance is the wild wild west still and BNB is a centralized useless ETH sidechain.
- Tenoke 5y ago>BNB is a centralized useless ETH sidechain. I dont agree and what you are incorrectly talking about is probably BSC, not BNB.
- exdsq 5y agoAgree. I was involved in integrating Rosetta with a blockchain and it was great to see their push for standardised interfaces and requirements to get listed with them.
- sneak 5y agoThe definition of legitimacy in cryptocurrencies is "can you send or receive this on the blockchain?" Arbitrary gatekeeping in an attempt to avoid the regulatory banhammer is somewhat of a lame kludge, in my view. There is a ton of value available on chains and in tokens that regulators don't like.
- nuclx 5y agoThey're listing a scam that is XRP though.
- thepasswordis 5y agoCoinbase delisted them.
- colesantiago 5y agowhy is XRP a scam?
- vmception 5y agothe reasons that XRP is considered a scam involves an ambiguous new standard that would require all securities and everything in the equities market to also be called scam. Things like there being a centralized issuer (like all assets except for physical commodities), things like all of the asset being created in advance which is called a premine (like all assets before crypto, except newly authorized shares which are then sold) as XRP aspires not to be within the securities framework, there is still a desire of the market for more forthcoming disclosure and many people (including myself) don't like prior - but extremely successful - marketing of XRP/Ripple that didn't separate Ripple Inc activities from XRP use but in the crypto space, scam is not defined at all and has complete dilution of any meaning. it is typically rooted in ignoring market sectors, in favor of a general all encompassing single cryptocurrency attracting all capital in the world at all times in perpetuity, so any crypto asset that dilutes some of that capital is called a scam because it slows down the desired world view. obviously people outside of the crypto space consider all of that to be an absurdity. the "middle" view is that there are assets that share a technology feature set that are simply bearable by the market, like any commodity or equity they can attract trillions of value even while a different technology matures that better matches an ideology of elitist enthusiasts.
- ketamine__ 5y agoUsers are moving to Binance Smart Chain (BSC) and using BNB because Ethereum transaction fees are too expensive for people that aren't rich.
- randomopining 5y agoAren't the BSC/BNB gonna go up if lots of people use it? If not, what technological advantage does it have? If it's because it's too centralized... doesn't that defeat the whole purpose?
- ketamine__ 5y agohttps://www.bsc.news/post/binance-chain-mainnet-lowering-of-fee-structure https://www.bsc.news/post/binance-chain-mainnet-lowering-of-... It may become more decentralized over time as more validators are added.