Crypto exchange platform Binance has seized the accounts of numerous Palestinian users at the request of the Israeli government for allegedly being linked to “illicit funds” and “terrorist organizations.”
Crypto exchange platform Binance has seized the accounts of numerous Palestinian users at the request of the Israeli government for allegedly being linked to “illicit funds” and “terrorist organizations.”
You understand there’s over 13,000 cryptocurrencies, right? Your broad statement here is no different from stereotyping someone based on physical appearance. How many whitepapers, aka detailed business plans for coins, have you read? There are always scammers online, in every industry, across the board. But while there are many bullshit coins, there’s still unquestionably very solid options.
For example, BTC has no website, no office, no owner, and is fully decentralized. Other examples of decentralized coins include ETH, XMR, ZEC, LINK, DAI, GRT, AAVE, INJ, and MKR to name a few. It’s a great practice to research and analyze data before making a statement on topics you’re unfamiliar with, but to each their own.
Cool story. None of it mattered here.
Uhhh, ok sweaty? Like, Binance trades in those currencies. The problem is the crypto wallet service ecosystem that was developed and pushed. The coins are decentralized but the wallet platforms are all points of control. And it’s the wallet platforms that are spending the money on advertising and social media, not the coins themselves. So the whole ecosystem - outside of the gear heads who knows enough to run their own wallets AND know enough to run them securely and redundantly to avoid loss - the whole ecosystem is intermediated by feds and fed-adjacent actors.
While not every coin is decentralized as referenced above, you know it all inside and out. Especially since “gear heads” are definitely the only people capable of using a USB drive and keeping software up to date for cold storage.