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RE: Binance Issues an Apology to the Steem Community & Exposes a DPoS Vulnerability | Steemleo Show #21
This apology is a farce and literally plants the seeds of another attack within the "apology".
https://www.binance.com/en/blog/421499824684900453/A-Letter-to-the-STEEM-Community
Hopefully, the STEEM community and TRON will reach a consensus in an efficient manner. If they fail to reach an agreement and it poses potential risks/damages to STEEM users on Binance, we reserve the right to take corresponding actions at the consent of our users.
Cool story, bro...
Seriously though, who do they think they're fooling?
Posted via Steemleo
Exactly. I was pretty heated when I read that and then proceeded to make this video right away.
Those two sentences are a backdoor. They're giving themselves permission to fuck with our governance whenever they decide that something "poses potential risks/damages to STEEM users on Binance" -- what a load garbage. They'll do whatever is in their best interest
Posted via Steemleo
You know what's posing the biggest threat to Steem holders on Binance?
Binance being insolvent.
Yesterday there was a 20% discount on Steem via Binance due to their insolvency.
Do not transfer coins to @deepcrypto8
Binance has 1.2M coins and they have withdrawals disabled.
I repeat: they have liquidity and are actively choosing to be insolvent.
They are attacking us. (@binance-hot)
I think the discount is done now, but I still think they may be insolvent. I'm not 100% sure though.
I'm no longer a binance user. I loved their exchange and used it for years. Now I'm moving over to bittrex and other options that haven't used user funds to vote on blockchain consensus.
Posted via Steemleo
The Problem I have is that Binance still offers me service without KYC... and I still really appreciate that. I'm a little torn, but not really because Steem is my favorite project... maybe I'll use KuCoin more.