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RE: ARE YOU WORRIED about the potential collapse of BINANCE?

in Project HOPE2 years ago

Ok, buddy my personal opinion: in the „life” of every CEX, it is included in the deck that the regulatory frenzy can have negative effects on the market. The result of this, if the trading volume on a crypto platform is low, can result in countless events in which people cannot access their cryptocurrencies temporarily or for a longer period of time. That is why the only solution is DeFi❗

📣 But that in itself is not enough. A major paradigm shift is needed. ✅

👨‍🎓 Ecosystems must be learned to value and independent from the world of FIAT currencies. Services and values must or would should be, able to be exchanging completely independently of the FIAT system. In short, this means that it would be worth promoting the possibility of spending cryptocurrencies directly. If all the time the main interesting thing is how we can convert cryptocurrencies into one of the FIAT currencies, then the entire Earth will be in the grip of those who invented the FED system on December 23, 1913, for the rest of its life.

💡 Just for an example travala.com is a great opportunity because you buy something in direct with you cryptocurrency and not just with Bitcoin.

💭 The FTX scandal did not happen by itself❗ Consider the interesting relationship between Sam Bankman-Fried and Gary Gensler. The legislators' concept is never to do something to protection for people, only to regulate is the goal for them.

⚖️ Just look at the aspirations: Bitcoin is not a stock, but all other cryptocurrencies are. I wonder why this is their pursuit?

I tell it! Bitcoin is more of an asset than a cryptocurrency, if you look at its white paper you won't even find the word cryptocurrency in that. Bitcoin is such a basic protocol that we can rightly call Noah's Ark in the world of cryptocurrencies. For this very reason, it would be pointless to reach for it, for example just to lower your network costs. And since the network cost is not low, the large crowd who do not invest, but only „play” with cryptocurrencies, will obviously move in the direction of altcoins. And the aim of the central government is exactly that they should be regulated, but not for the benefit of the people, the point is only the total control where essential goal is eliminate the freedom as an lifable option!

In summary, the essence of what I have to say is nothing more than understanding the meaning of the word ecosystem. An ecosystem is a system model that can sustain itself. If a system can't do this, it's not an ecosystem 😉

❓ A poetic question, but anyone who wants to can answer it: if there is a cryptocurrency that you can earn directly through your work, and you can also spend it directly, and you have the technological / technical background that you can also store it, through a solution that results in nobody and nothing can access it, then really have to worry about CEX platforms or what is the value of FIAT expressed in foreign currency❓

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 2 years ago 

Thank you for this amazing comment @gastrocrutch

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