One day he will get hacked for a amount that he cannot cover, then what will he do?You can`t print the btc out of thin air like the fiat.
https://en.bitcoin.it/wiki/File:Jonny1000thetimes.png 2.0 = binance future.
Funds are not #safu, this proves it.
https://thenextweb.com/hardfork/2019/07/08/binance-hack-8-million-bitcoin-cryptocurrency-stolen-transfer/It even says it in the whitepaper, the 2nd sentence and first sentence of the bitcoin whitepaper that your funds are not safe, if you do not trade p2p.
"the main benefits are lost if a trusted third party is still required"
fucking moron thought he could roll back the blockchain to get the funds back, you trust this dipshit?
cz binance "turns out reorg is not a option, the blockchain is more resilient than we thought"
spoiler: They are fractional reserve banking with the btc, that is why they had to create their bullshit BNB coins now. I look forward to the day of mtgox2.0 it is coming.
Binance jumped in so many businesses than it could put them in a very difficult situation in the future. It's like a bomb waiting to explode honestly.
It's not that I don't trust them but bad company management or wrong decisions can send a company in the coffin.
No matter if you tell me Binance is a cash machine (which I agree) if a day something happens to Binance (and we can imagine a lot of things), MtGox will be peanuts compared to Binance.
