Binance Smart Chain Shutdown (Protect Yourself From Centralization - THORChain Ethereum EOS, HIVE) ₿

Описание к видео Binance Smart Chain Shutdown (Protect Yourself From Centralization - THORChain Ethereum EOS, HIVE) ₿

Mandala exchange was the one I couldn't think of in the video that is on the Binance Cloud but is it's own exchange that you can use as a bridge to get in and out of the BSC ecosystem. Lots of options to go in and out of Polygon and the Binance Smart Chain. The main point I wanted to make about this was that what if some government held a gun to CZ's head and told him to shut down his exchange and the Binance Smart Chain. It is centralized so he would have the ability to do that whereas you can't shut down the Bitcoin or Ethereum network at this point but Ethereum is becoming more centralized compared to what it was. I think that people should diversify codebase wise and also diversify on these different ecosystems and have multiple on and off ramps so no one can really shut them down when stuff breaks or services become broken. I think there is a lot of value with the Binance ecosystem but there has to be a lot of bridges on and off these various ecosystems. We talk about not putting all your funds on centralized exchanges but also you don't want to put all your assets on the Binance Smart Chain. What if some entity takes the whole thing down? Same goes for Solana , Avalanche, Fantom....etc. Have funds on native chains, as well as tokenized on DeFi ecosystems and also have multiple accounts with fiat on and off ramps, and also accounts at other exchanges that don't require KYC like Hotbit and Kucoin. You don't want all your data out there.....it's a hackers paradise.

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