Post
Topic
Board Altcoin Discussion
Re: A crash is also a chance to change allocations of your coins
by
Kavelj22
on 27/01/2022, 22:15:47 UTC
Because Binance Coin is controlley by Binance. It's a Blockchain, but not really decentralized. It's a big issue for every sovereign coin, if it's not decentralized.
I don't know about EOS but it doesn't seem to be very famous. I don't know any new projects building on EOS currently.

If you don't know about, doesn't mean it's not famous. I know about EOS.
You can try checking about their development updates, marketcap, trading volume,...

Because Binance Coin is controlley by Binance. It's a Blockchain, but not really decentralized. It's a big issue for every sovereign coin, if it's not decentralized.

In a centralized world, it wasn't that big issue not to be decentralized.
Think which one users/investors would trust between:
- Binance coin which is controlled by a trusted third part and it's a regulated entity trusted by the majority of world users.
&
- any new coin in the market. new means even if it is fully decentralized.

Successful projects are not all decentralized, except for bitcoin for sure.