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RE: SPS Proposal: Allocate up to 30 million SPS to pursue exchange listings

in #spsproposal2 years ago

Coinbase yes, Binance no.
Why? Because I am invested in another project since 2017 where they are very active in cooperating with governments, strictly following KYC and in addressing any concerns large corporate partners have about security and stability. They applied to Binance and it legitimately won every public vote to list it. Binance would not list it and wouldn't give a valid reason why. I suspect the CCP told CZ not to list it because it was a real threat of mainstream crypto adoption and would compete with the the China CBDC which had not come out yet.
The same country had mining pools that tried to destroy the project by mining empty blocks and backing up the mempool into the thousands and dumping the block rewards daily for BTC. It forced the project to become a hybrid "moderated blockchain" where the validators are "qualified" which is now mostly non profit entities and things like universities.

Anything the CCP has even the smallest chance to corrupt I say no to. So that is why I say no to Binance.
CMC is owned by Binance so whenever you look at coinmarketcap understand what/who controls what you are seeing there. There used to be this group called something like Blockchain Transparency Organization or something like that and they would analyze the monthly trading volume for all exchanges and it was full of wash trading and their CMC list looked a lot different than CMC's.
Understand the exchanges wash trade on purpose to create this false huge trading volume in order to get you to pay them the listing fee, it's a racket.
I don't want our SPS getting wasted on an exchange that is showing false trading volume. Please do your research to see if they are wash trading sh**coins before applying to an exchange.
Please try to time this so that the movie studio partnership card deck release is used to maximum benefit if possible.
That being said, I guess we have to take our shot, don't screw it up. You get my upvote this time.