It's understandable that plebs like us would be more paranoid after the crash of FTX, the owners scamming their own users, but we shouldn't panic. It's just mere coincidence that Binance consolidated their wallets. Why would Binance want to cause another panic? They definitely DON'T want a bank run starting in their own service. It's what the government wants.
I rather think it is no coincidence when it comes to Binance. They sure know what they are doing and it is not the first time they are doing something that logically triggers panic.
If bitcoin had ever bothered to increase onchain transaction capacity, this would be a non issue,
but since btc is limited, people start complaining when it's transaction network is used.
If the people wanted the change, Bitcoin would of had the change by now. Is this not the reason Bitcoin split into Bitcoin and Bitcoin Cash years ago? Everything happens here with consensus of the community, and while I also wish Bitcoin had smaller fees and an increased capacity, the majority decided they want Bitcoin to stay Bitcoin.
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Regards,
PrivacyG