Bitcoin Satoshi Vision [BSV], currently the fourteenth largest cryptocurrency by market cap, continues to be one of the most controversial topics in the cryptocurrency space even as #delistBSV gains momentum. Since Binance announced that the coin would no longer be a part of the platform, several other exchanges have taken the same decision, with the latest announcement coming in from Kraken, a leading cryptocurrency exchange platform.
The move of several leading exchange platforms ousting a single coin has led to several members in the community raising questions on censorship and the extent of control centralized exchanges have on the cryptocurrency market. While several influencers agreed on the impact centralized exchanges have on the market, several others have also defended the stance taken by these exchanges.
Charles Hoskinson, the co-founder of Ethereum and the CEO of IOHK, also spoke about the #delistBSV trend on his social media handle. Hoskinson stated that cryptocurrency exchanges are “not public utilities”, adding that they were business that was “often run by private owners”. He further stated that if anyone wanted a “utility”, then it’s better off to use a decentralized exchange/ DEX.
Hoskinson said, “Don’t complain about the BSV delisting and cite free speech or some other appeal. It doesn’t exist with private companies”, on Twitter. He went on to state,
“(2/2) the point of cryptocurrencies is to get us to a society where our freedom of association, thought, commerce and expression are guaranteed by open infrastructure. Craig is against this by his megalomaniacal desire to patent, control everything, use of courts for censorship”
“Public” != “run by the government”, “free speech” != “free speech protections in laws eg. #1A“
But I agree #DelistBSV is not a free speech violation for different reason: exchanges are already selective so listing is active promotion, not “just letting the market play out man”
— Vitalik Non-giver of Ether (@VitalikButerin) April 16, 2019
Changpeang Zhao, the co-founder and CEO of Binance, also joined in on the censorship accusations. A Twitter user, Warbout, had accused Binance of “subverting natural selection”, adding that the platform would be recognized for being corrupt.
To this, CZ stated on Twitter,
“Everyone can make their own decisions. Everyone has influence. Even you, if you sold a coin you don’t like (theoretically, it does affect the price, no matter how small), is that centralization? At what level does it stop being centralization? Who decides that level?”
He further said,
There are plenty of other exchanges out there. We don’t make decisions for other exchanges. Our decision is part of the natural selection process, so is yours. We are just a small part of the community, who are super supportive of our decision.
— CZ Binance (@cz_binance) April 17, 2019
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Binance Chain’s ‘decentralization’ questioned by Bitcoin enthusiast; calls Binance DEX just an app
Udi Wertheimer, an independent developer and a “Bitcoiner” posted a series of tweets taking a jab at Binance Chain, which is slated to launch on April 23.
According to Wertheimer’s tweets, Binance has not updated the “source code” or “binaries” for the Binance Chain; and despite enquiring about it on the official telegram group of Binance, he was offered any source code.
If anyone’s wondering, the source code for “Binance Chain” full nodes is still nowhere to be found; 4 days before “mainnet” launch, and after multiple “projects” promised to migrate from Ethereum. Without ever seeing the source code.https://t.co/MuiRN23eDS
— Udi Wertheimer (@udiWertheimer) April 19, 2019
He said that Binance recommended users, who want to migrate tokens to Binance chain, use the official SDK, which will be done via official HTTP API using Binance’s trusted servers. Binance DEX, which will make use of the Binance Chain, also has no source code or binaries which are open source. He stated:
“There’s almost nothing there. So I looked for the source code. Guess what, THERE’S NO SOURCE CODE. They only have binaries, and only for a light client, no full node at all!”
He commented on the Binance Chain and the Dex that all Binance did was release an “app that connects to the API of your new centralized infrastructure”. In addition, the “Light Node” is a program that helps users access and interact with the Binance Chain in a secure and decentralized manner; the source code for which is “closed source” according to Wertheimer.
Wertheimer further added:
“Just releasing the binaries won’t be enough, and there’s no indication I could find anywhere that they intend to release the source code, like, ever. In any case, regardless of what may happen in the future, what’s released so far amounts to nothing more than a new website.”
A Twitter user, @bag_holder commented:
“Lol seems like a very Chinese thing to do. “BORROW” IP, make some edits, then keep it to oneself”
Another Twitter user, @thecryptostefan commented:
“There’s a branch with the full node implementation, no? I thought they just hadn’t merged it to master yet when I was looking last night. I think it’s the prerelease branch or one of those.”
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