Dear @bitcoinflood
Interesting choice of topic. I've read about Binance just yesterday and I've also very mixed feelings.
STEEM is being traded on several different exchanges with Upbit and Bithumb having currently higher volumes than Binance. So there are obviously other ways of investing into STEEM.
Personally I wonder how many people out there (especially those I got to know on Steemit platform) would be affected by US authorities banning Binance.
Of course this has not fully happened yet however it does show a further crunch happening by Binance with no explanation into why.
I wonder if Binance is here to blame, or were they "bullied/forced" by authorities to comply with their requests.
Dear readers, please share with us what do you think about this situation and would it affect you in any way?
ps. @bitcoinflood - I hope you don't mind if I share this post with wider audience. I found this topic interesting and I'm curious what others have to say.
Yours,
Piotr
Thanks Piotr I am not on Binance not effected from my point of view if I was and American it would be Bye-nance and also reflects there own future that is only adding to there loss and revenue . Good luck Bye-nance. All the best Piotr and through-out
Thanks for the head up. Have a !BEER
Sorry, out of BEER, please retry later...
I'm not using binance so this does not effect me.
I am not a crypto guru, but do you notice that some of the coins thtmat promotes security and privacy in transactions (where you cannot trace the source) is being marked for ban?
If I get it correctly, XMR for instance harp on its anonymous transfer which means once it is being transferred into XMR and back to fiat or other coins there is no "paper trail". DASH also harps on secured asset (if I got it right) and for us, STEEM has seamless transaction at the moment which favours a lot of people who could do person-to-person trade without going through exchangers (that's have been my team's encouragement promote its usability in Malaysia).
So these are just a handful that are relatively new (compared to the incumbent BTC) and has huge potential, and this is something that regulators (from the central control of you know who) do not like because they cannot control it.
Probably we should look into which are the coin that could eventually stick through the long run with its activeness being used in the market and the real world, and work towards it while play along with their "stable coin" ideas.
Unless those who takes the "blue pills" and decides to harp on it how good KYC are. (because there is no need to exercise trust from the gut with another person and let the gov do the job)
The saddest part is that US citizens are really being pushed to a corner at the moment from making their own decisions.
Just a thought.