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RE: Cub Finance Audit is Live | $20m TVL, Kingdoms Update and LeoBridge

in LeoFinance3 years ago

Sometimes I don't get the hate for blockchains that aren't really blockchains, in the most strict sense. I mean, I get it. But I don't get it.

I can understand being skeptical of Binance. Check. You send crypto to their traditional exchange, they put the crypto into their own wallet and write an SQL to update your balance. It's centralized. It is what it is.

But if they put some of their infrastructure on an open network that happens to be implemented on a crippled blockchain, isn't that still an improvement over a closed SQL database that might be doing who-knows-what?

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I see a good ping pong here. ETH laid the grounds for BNB/BSC and then got way too overused /#superexpensive. Now BSC will drive innovation..., but wait, no!... people will keep driving innovation and this innovation can late be reapplied to "ETH2". #nosweat

They (the traditional exchanges) should put all of their infrastructure on an open network. I know. They would no longer be traditional exchanges in that case.
But people have trust issues. And for a reason. The internet is full of scammers and hackers.

I guess the crypto-world is like everything else, no perfect system. Artificial Intelligence (AI) is being integrated slowly, but we will see how that works out.

You can please some of the people all of the time, you can please all of the people some of the time, but you can’t please all of the people all of the time.

― John Lydgate

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