10 sats \ 4 replies \ @phaedrus 6 Jun 2023
Did he explain how is Swan different than Binance?
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51 sats \ 0 replies \ @orthwyrm 6 Jun 2023
Probably the main differences are that Swan is Bitcoin-only, doesn't offer yield products, and likely isn't guilty of insider trading and market manipulation.
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15 sats \ 1 reply \ @kepford 6 Jun 2023
Well for starters isnt Swan Bitcoin only?
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36 sats \ 0 replies \ @phaedrus 6 Jun 2023
Yes, i believe so.
Still custodial (when I tried to help my friend to move his funds out of there it got blocked and took almost a week)
Still reports KYC etc.
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0 sats \ 0 replies \ @eduardopro OP 6 Jun 2023
Yeah, what orthwyrm said.
He focused on CZ's extracurricular activities, which have little to do with the normal functioning of a regular exchange.
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1 sat \ 1 reply \ @jk_14 6 Jun 2023
"It will not be a "disaster" if Binance fails. We will all be better off for it. New Bitcoin services will flood all of the markets where they've been choked out by Binance's crypto colonialism"
so true
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22 sats \ 0 replies \ @eduardopro OP 6 Jun 2023
I'm right there with you on this one.
Casinos come and go.
Bitcoin is forever.
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0 sats \ 1 reply \ @JesseJames 6 Jun 2023
He has a point. He (Swan) does promote bitcoin only and self-custody, Binance does not. His custody service is for people who do not want or can't handle self-custody, fair game if you ask me.
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0 sats \ 0 replies \ @eduardopro OP 7 Jun 2023
I agree.
And Binance, you know... is a casino.
It just is.
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0 sats \ 1 reply \ @fedelang 6 Jun 2023
I think he is right. Also I think Binance is holding back bitcoin adoption by allowing scams and profiting from them with MM manipulation. Binance is a bad actor.
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0 sats \ 0 replies \ @eduardopro OP 7 Jun 2023
If half of what Kilppsten says is true...
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0 sats \ 1 reply \ @ek 6 Jun 2023
Regarding the wash trading and the chart as "proof"
Wouldn't it make more sense to buy and sell a token to simulate volume? Instead of only buying it like in the chart?
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0 sats \ 0 replies \ @eduardopro OP 7 Jun 2023
That's above my pay grade, but the chart looks funky.
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0 sats \ 1 reply \ @DarthCoin 6 Jun 2023
Yes he's right. Binance is a cancer.
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0 sats \ 0 replies \ @eduardopro OP 6 Jun 2023
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