This whole BSC supposed "DeFi" is the cancer in crypto we absolutely don't need. It goes against the very values of what blockchain/crypto should be. Ppl don't care about decentralization clearly, waiting for that "Not Safu" moment. We should be supporting Dex's , not this bs. Not your keys,not your money.
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I agree about the decentralization.
The thing is, I think there are levels to it. Also there is an obvious issue with ETH fees.
What chain is the most decentralized out there?
Probably BTC. Is ETH decentralized? It had an ICO with 70% of the current stake sold to the VC.
This said, if things were on more equal playground, like similar fees, not a 100x difference, I would 100% go with the more decentralized option. DeFi is growing and ETH in a PoW version cant take it all.
Also this market is showing that CZ have earned some trust in the community.... why is ont EOS defi booming, or TRON defi ...
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News flash, CZ and Binance are most likely the cause of the high ETH Fees, something they have been doing for quite a while.
As you can see in the screenshot below,
@Binanceis one of the biggest gas spender based on @etherscan
Source: https://etherscan.io/gastracker#gassender
Which would be rather unfortunate because it would only mean they have been intentionally surpressing eth on purpose. I think after what we went through with #steemhostiletakeover, we know how low CZ can stoop and this would not be surprising one bit.
I want to refer you to this detailed tweet where this analysis was made, perhaps you can share your thoughts on it on another post...
Trust & CZ can never be in the same sentence, and that goes for Justin Sun as well!
it is decentralised my friend, as most amm use metamask binance smart chain. you got you keys all the time. but you may need binance to sell them coins altought.
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Huh? So NOT decentralized. You need to google on what "decentralized" really means.