Vitalik Buterin’s stance on Bitcoin SV is only getting harsher. In the recent interview for the YouTube channel, Hardcore Crypto, Buterin slammed Craig Wright’s project and called it a complete scam.
🔥All the latest breaking news on #cryptocurrency:
🔹Vitalik Buterin: #BitcoinSV is a scam but Binance may be centralizing its power
🔸#Binance now allows investors to purchase #BNB with credit card
🔹#Belarus warns about #crypto usage for tax evasion#Heatmap👇 pic.twitter.com/28joeIlz3C
— Boxmining (@boxmining) June 5, 2019
Buterin did not show any reservations when discussing BSV. He also discussed decentralized exchanges in general and shared his thoughts on the worrying increase of centralization in Binance.
“It’s obvious that BSV is a complete scam, but the delisting from Binance is interesting. There are arguments that are for and against it.”
When Changpeng Zhao decided to delist BSV, many crypto exchanges followed him almost instantly. The opinion that BSV is a complete scam is shared between many in the crypto community, but the worry about Binance’s centralization of power isn’t.
Binance is a way scarier threat than BSV, even if it turns out to be a complete scam
In reality, Binance presents a much bigger threat than BSV ever could. With Craig Wright’s obnoxious claims and questionable decisions, it’s only a matter of time before the currency hits the bottom.
Sure, BSV could hitch a ride on bitcoin’s back for a few rallies, but inevitably it will crash and burn. Many investors will probably burn with it, but that’s just how the market goes.
Binance however, has a longstanding history of extortionist policies from projects, as well as many other shenaningans.
“They have consistently asked for unreasonable listing fees. They also pressure the win/lose outcome of coins by deciding their trading pairs. That’s why it’s weird to criticize the delisting while ignoring all the other decisions.”
A little over a month after the hash war ended, Buterin started throwing punches on BSV.
Yeah no, I have my disagreements with the bitcoin roadmap, PoW, etc but they're trying to do something that's genuinely cool tech. BSV is a pure dumpster fire.
— Vitalik Non-giver of Ether (@VitalikButerin) December 25, 2018
Buterin started warning people about Binance a while ago. He stated:
“I hope all centralized exchanges would burn in hell.”
At the time, people didn’t really realize the threat of centralized exchanges. Most people and even experts don’t currently either. Buterin mentioned that a large-scale success of centralized exchanges would render both Binance and BSV obsolete.
You can also check out:
- Financial Risk Seen by G7 From Libra and Other Projects Like it - Jul 19, 2019
- Trading Signals Now Available for Traders’ Convenience on Coinbase - Jul 19, 2019
- Carsharing is Being Looked Into For Future Blockchain Tech Implementation - Jul 18, 2019
- Bitcoin Dip: What Caused it and What Will Change it Back - Jul 17, 2019
- VeriBlock and the Accusations About False Spam Transactions - Jul 16, 2019
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Tags:Binance centralizationBinance ThreatBSV complete scamButerin Bitcoin SVcentralized exchanges burn