Quote from: Synchronice on Today at 11:48:24 AM

Quote from: DaveF on February 20, 2023, 05:12:04 PM

And there you go assuming they are showing you 'real' numbers. For years exchanges have been been throwing up fake trades / allowing wash trades and all kinds of things to make them look larger then they really are.
So no, I'm not worried. Actually if Binance goes the way of FTX except for a short dump of price as everyone tries to get their funds out it would only help BTC

Not your keys, not your coins.

-Dave

What way do you think that it will benefit bitcoin? It shouldn't be hard to understand that your keys = your coins is not something that attracts average user. If you want bitcoin or crypto adoption overall, then this coin should become easier to use for average person. What Binance does is that it makes the whole process easier, you don't have to worry about your keys and you can open one account where you'll store almost every coin. This is what average crypto user wants and without them bitcoin can't become widely accepted.

The problem here is that exchanges do whatever they want. No one gives a f that they fake volume, no one cares who does what, there is an anarchy-like system. I also genuinely believe that exchanges fake futures trading to liquidate their users' assets and earn more money.

The current situation of exchangess is hella far from perfect. But, like, it's not all bad, ya know? Sure, the average user might not have a clu about their privet kees, but we dont gotta sacrifice security jus to make things easier. What we need is a dope education system that really emphasizes the importance of keeping your assets safe, expressly wen it comes to crypto. And don't even get me started on that fake volume and futures trading mess. You gotta do your homework and pick exchangess that are all about transparency and security, ya dig? It might take a minute for the industry to grow up and for the rules to catch up, but in the meantime, we can still get our hustle on and make some cash. Just remember to keep it real and not get tooo caught up in the game - we've all lost sum coins to a "rug pull" or a "pump and dump" scam, you feel me? As long as your having fun and learnin from your mistakes, that's all that matters.