Could Binance Really Destroy Bitcoin?





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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:

Ethereum, Ethereum Classic and the DAO: https://www.youtube.com/watch?v=QIFDX6J3vbY

The 7,074 BTC transaction: https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea

Binance Security Breach Update: https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update

CZ Live AMA: https://twitter.com/binance/status/1125959459782553600

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15 replies
  1. Peter Farla
    Peter Farla says:

    I totally agree. I think we need to make Bitcoin more decentralized, but it’s hard for everyone to start mining BTC. That’s why I was in Nxt (now Ardor) since 2013. In PoS everyone with a raspberry Pi can forge coins. That’s decentralized for everyone. What we can do is run Bitcoin full nodes, like Casa node to make it more decentralized. But who maintains the concensus? The full nodes or the miners? Do you know?

    Reply
  2. Mark Seveland
    Mark Seveland says:

    Its on Binance. No roll back. And you are so correct, its Binance's resonsibility to have had a secure system. I pulled my funds off Binance months ago. I could see this coming.

    Reply
  3. R C
    R C says:

    Jeeeeeeze. These hackers are relentless. Be prepared for more of this happening, especially with the bull run and new buyers coming. Stay safe guys!

    Reply
  4. busymountain
    busymountain says:

    There was an article about double spend issues with 40% BTC miners two days ago. People need to learn to rely on tech that is more solid than BTC like Digibyte.

    Reply

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