| ▲ | chairhairair 2 hours ago |
| So much for anti-centralization. |
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| ▲ | dumberquestions 2 hours ago | parent | next [-] |
| No one really considers crypto held in exchanges as decentralized, I guess some might but it's pretty standard knowledge. |
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| ▲ | hocuspocus an hour ago | parent [-] | | Where coins are held is completely irrelevant. There are cryptocurrencies on real blockchains, and while the technology is dumb and mostly useless, nobody denies that PoW and properly implemented PoS are decentralized. And then there are centrally issued and controlled coins on private, permissioned ledgers a.k.a. databases. But most cryptobros never cared about the technology nor the political goal, so anything can be called a cryptocurrency as long as it's a medium for gambling and speculation outside the regulated financial framework. |
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| ▲ | method_capital 2 hours ago | parent | prev | next [-] |
| We're talking about Binance, a centralized exchange. |
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| ▲ | Analemma_ 2 hours ago | parent | prev [-] |
| I keep saying this: don't bother trying to dunk on crypto people with accusations like this. To a first approximation, nobody in crypto actually believes in the stated principles of anti-centralization, freedom, etc. It's entirely about number go up and always has been. Your charge of hypocrisy just bounces straight off people who never cared about the politics. |
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| ▲ | wolvoleo 2 hours ago | parent | next [-] | | In the beginning of crypto people believed in it. But as the numbers went up and up and up it attracted the wrong people. And the original people left. Now the traditional banking system is basically rebuilt in crypto. The banks are busy the exchanges. The EU even talk about making it illegal to store money in your own wallet. | | | |
| ▲ | wpietri an hour ago | parent | prev | next [-] | | It's still useful for the portion of the audience that doesn't realize the depth of the fraud. | |
| ▲ | kalaksi an hour ago | parent | prev [-] | | It's a poor dunk anyway. The crypto space is vast and has many kinds of coins and communities/people. Some people seem to think it's still 2012. | | |
| ▲ | hocuspocus an hour ago | parent [-] | | Well at least in 2012, people who cared about the space seemed to understand the guarantees a blockchain is supposed to provide. |
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