Here's a very interesting detail about that situation: at some point Binance Research published an article about how collusion resistant EOS is (hint: it isn't). So far so good, right.
Interestingly enough, Binance started two block producer nodes towards the end of the research period leading to that report. They were subsequently registered as producing nodes a little later and became among the biggest block producers on EOS.
@v4vapid produced an excellent recap of how bad the situation is on EOS. Jump to my comment (second one) for the link to Binance’s own research report.
TL;DR: it’s all so hilariously rotten you couldn’t come up with it yourself.
Oh, wow. I must have missed that article by @v4vapid. Thanks for sharing. They are really good with thorough research and substance.
I knew Binance was corrupt in their core when they decided to participate in hostile takeover on Steem, something unimaginable before that actions. I have come to realize so many so called 'experts's in the crypto space use the banner of 'bringing better future for people', but all they do is scam and enrich themselves. Sad part is many still buy into their narrative.
I am still hopeful, Hive is a unique experiment that can actually deliver on empowering ordinary folks. There are many likeminded people here, although many have left. If only these so called 'leaders' in the space be done with their greed (they are already extremely rich), there can be something good for people.
Tbh I'm still willing to take CZ's version of the takeover at face value. Participating in actual public politics is not common Binance fare. Justin is an every day conman tho, so I can imagine the events happened as CZ explained them (and because the listing manager didn't do any due diligence on the claims). Huobi has the same version, JS didn't tell them it was his stake.
A CEO whitelisted the security fork support, based on listing manager reporting to him, sounds to me like a normal workflow.
But let's be honest, CZ runs a business and the numbers are all that matters most days of the week. He will optimize his bottom line wherever that is welcomed. That there s9metimes may be inconvenient timing issues like in the EOS report/BP setup situation... that serves us as a reminder that we shouldn't forget they're all wolves. And we live/operate very much in an oligarchic society.
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