Infinite FUD has no affect.

in LeoFinance2 months ago

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The regulators are fighting the damn war of their lives right now.

The FUD machine has been turned on full blast, but no one is listening anymore. Perhaps there are some deep pockets who'd like to buy in at these lower levels. Looks like that's not really an option. Supply shock confirmed, twice.

Any one of these crippling stories would have shattered the market just weeks ago. Now we find ourselves back in mega-bubble territory quite quickly.

It's really hard to ignore how aggressive this FUD is, and even moreso how little affect it has on the market at the moment. If these supply shocks keep getting confirmed we'll be up for another 5 months in a row no problem, cycle-chart be damned.

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CZ has agreed to set up an official global headquarters.

He said if authorities expect Binance to have a headquarters, then his firm will establish regional headquarters to have a "very easy to understand structure."

"We need to be a licensed financial institution everywhere that we operate," Zhao said.

WE OPERATE!

If you ask me CZ is still running circles around these guys. A few slaps on the wrist and Binance has agreed to shave off the top of the iceberg tip. The regional headquarters will obviously be located in the most crypto friendly country in the world.

It doesn't matter who bans Binance, and CZ knows it. What matters is which countries will allow them to operate the way they want it to operate. And trust me they are doing so much crazy stuff in the background it would make your head spin. We just can't see behind the veil, but we can see the results and the profits.

CZ has figured out that his corporation sits on a gateway of borderless value exchange. Banks don't like that. Regulators don't like that. They are trying to crack down and ban him, but you can't ban him in every country... so... you fail. That's how crypto works. CZ is putting in serious libertarian work that borders on mafioso levels of wealth. Same thing happened with Silk Road, but shutting that down was a bit easier to sell on the mainstream channels. Drugs are bad, m'kay?

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BSC

BSC acts as an amazing shield for Binance. As a clone of ETH, it will be basically impossible for regulators to control. Already projects like the LEO bridge allow value to flow in and out without Binance's permission. It's truly a sight to behold, because these developments are only going to continue on exponentially. If Binance can't control BSC, then regulators can't control BSC.

These regulators think they can keep up with exponential growth in a new emergent sector? This vacuum of trust that has been created from thousands of years of imperialism is BURSTING with crypto. You can't put the toothpaste back in the bottle. The void has been filled, and it's not going away.

Quite the contrary it is expanding exponentially, and will continue on because that's how important crypto is. The opinions of the dinosaurs don't mean a lot. Try to avoid their flailing as they cry foul and try to flip the game board after losing like petulant children. That's how badly humanity let this situation devolve to before a solution was invented by a mystery entity. Stranger than fiction.

Posted Using LeoFinance Beta

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We're witnessing complete censorship resistant decentralized systems scare the shit out of regulators. It's beautiful.

Posted Using LeoFinance Beta

can one hold stablecoins on bsc?
how is their dex spun in there?
is it connected at all? is it even a dex?

All stable coins work differently.

The DEX is a clone of uniswap, so pretty legit.

The biggest attack vector will always be the nodes and the pegs.

I'm not saying BSC has good security only that it will deflect regulators quite well from most angles.

okay, so bsc is basically a ethereum clone like avax? and their clone dexes?

and what is binance (non-smart) chain? xD

Yea there is a nice snowball effect taking place and the regulators won't be able to stop it. It's already too late for them

Posted Using LeoFinance Beta

What’s that saying, first they laugh at you, then they fight you, then you win… something like that, but yeah, they are scrambling. Becoming a digital nomad is kind of the way these days, even in the US, I can disappear if need be, lol.

Do they understand what censorship resistant blockchain means? It is so cool to watch them fail, yep. Crypto rullezz. Bring your digital dolar so I can use 20 digital dolars per month to buy socks from Amazon. And I will still keep my wallets away from it.


Posted via proofofbrain.io

when one knows about the history of money and who controls it, it's no wonder why the establishment is doing everything it can to maintain power

Great to see the market is gradually getting immune to the fud spread by this centralized authorities. Decentralization will win at the end. There is no stopping this.


Posted via proofofbrain.io

I know BSC is a clone of ETH but isn't it kind of centralized? When there were transactions issues, I do recall people talking about some nodes being jailed so I thought the amount of nodes was limited.

Posted Using LeoFinance Beta

Yeah but it's decentralized enough to avoid manipulations from entities that don't even understand the tech. Politicians can't make some rule and then enforce it on BSC.

First non critical post I've read about CZ in a while. You seem to have some faith in his ability to maneuver through these clampdowns. I hope you're right

Damn! How do you crypto people want Elizabeth Warren to wrap her head around BSC now. Hmmn im interested in how CZ is going to play this whole regulation game out.

Posted Using LeoFinance Beta

I hope crypto continues to prosper

Great write up! I think we all knew that Binance would inevitably have to bow to the man. Anyone with the resources can run a BSC validator node which will only further decentralize the chain.

https://docs.binance.org/smart-chain/validator/guideline.html

Great job as always. Reblogging for the https://coin-Logic.com front page!

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Fud is for those who are just jealous.