BNB AI (BNB)

🧵 The Damage CZ and Binance Have Inflicted on the Crypto Ecosystem

1/ Decentralization Illusion:
While crypto philosophy is built on “removing intermediaries,” CZ created a massive central power hub with Binance. By placing the “Too big to fail” risk at the heart of crypto, he condemned the sector to the fate of a single exchange.

2/ Fuse of Regulatory Pressure:
Binance’s years‑long “grow first, ask for permission later” policy alarmed regulators worldwide. The heavy pressure and strict bans seen today stem from Binance’s past aggressive and rule‑defying attitude.

3/ Liquidity and Market Manipulation Allegations:
The exchange’s own token BNB and its control over projects in the ecosystem harmed free‑market dynamics. Wash‑trading and insider‑trading allegations have repeatedly eroded institutional investors’ confidence.

4/ Ecosystem Monopolization:
Binance Smart Chain (BSC) attracted users by promising low transaction fees, but it did so by copying Ethereum’s code and delivering it in a centralized structure. This led to the emergence of “cheap but centralized” projects and poor quality.

5/ Trust Erosion and Legal Process:
CZ’s admission of money‑laundering accusations in the United States and the multibillion‑dollar fine strengthened the perception that “crypto equals illegal activity.” This pushed mainstream adoption back by years.

6/ Strategy of Eliminating Competitors:
CZ’s role in the FTX incident (even if justified) triggered a massive domino effect in the market. A sector leader shaking a rival via social media causing a 20‑30% market collapse shows personal power was placed before community interests.

#Binance #Crypto #Bitcoin

I think CZ is using customer funds to prop up BNB literally nobody wants that coin

I've been cross-swapping $21k-ish today... I was amazed by how NearIntents are low-cost. 💪

I paid ~30 cents in fees to move assets from BNB to ETH... The second option @JumperExchange was offering would have cost me $10 in fees.

S/o to the @NEARProtocol & @JumperExchange teams who build and minimize cross-chain pain.