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RE: Thoughts on Fork 22.5 - The Empire Strikes Back
Yeah, that was unexpected, especially because they only needed 50 million SP to take over the chain. But yeah, with 100 million, the case is firmly closed.
My first reaction was very negative, but there's a small possibility that they got consent from whales to power up. Who knows...
He will prolly move the powerdown to 1 day and they will easily exit with Justin firmly in control.
Its beyond disgusting and unethical.
I always knew exchanges are the most corrupt factors in crypto and a massive danger for decentralization. Investor wealth goes up and down with the market while they win either way.
Exchanges are centralized, they can do whatever they want. I'd recommend decentralized exchanges and hardware wallets if you wish to maintain control. Loopring went online a couple of days ago, using Layer 2 rollups on Ethereum, it now has the scaling required to achieve a CEX-like experience. I hope to see some of these new breed of Layer 2 exchanges start gaining traction.