
Nancy|Jun 26, 2025 03:29
Reading the following content may be a bit uncomfortable, but the starting point is definitely not intended to be fud or lick
After reading this article, the first half of it was actually written very harshly, but it can also be seen that the criticism was due to the feeling of really caring about it in the past. It's like talking about how Binance went from a platform that helped retail investors turn over to a large institution that is now monopolizing and closely related to traditional power.
At the beginning, I spoke very hard, earning Chinese money and donating to African schools. In fact, it was said that money security was seemingly global, but it was actually supported by the Chinese community, and then marginalized the Chinese community. To be honest, many people also felt this feeling, but they did not dare to say it.
The article is not simply criticizing CZ, but rather saying, CZ, didn't you say you support decentralization? How come you look like you don't understand on chain operations when you come back from prison? Is your attitude too bad?
This gap can be very disappointing, especially for those old users who have followed Binance since its early days.
In addition, it was mentioned that Hyperliquid has been suppressed, Labs' transformation has not touched the chain, and Binance wants to control KOLs and media trends (I may be one of the few people currently confiscating Binance advertising fees) 😂)
Although these things are usually known to everyone, no one has explained them as clearly as this article. After reading them, you really have a feeling of 😱 The feeling of these things being connected together is like this.
But I think he talked about the part about user composition, such as working in a technology park at the age of 25 and having to check the market, students doing part-time internships, and delivery workers over the age of 35 also buying coins.
To be honest, these people are the ones who truly support the cryptocurrency industry, but now they have become liquidity in the eyes of big companies, being cut round after round, which is really heart wrenching.
However, looking at the whole article, I have to be honest. If you know CZ, his nature is really not bad. He can be considered kind. Many people like to judge a person based on things, but I would like to judge people first and then judge things. No one wants to be a bad guy.
And I would say that this emotional accusation article is not the kind of rational deconstruction, but it has power because the author is someone who has experienced pain. Do you think the content is extreme? Some paragraphs are indeed, but this is also because he is fudging a system that he once believed in but is now utterly disappointed with
To put it plainly, Binance is also striving for survival, but if its way of survival is based on squeezing innovation space and eating up the remaining liquidity of retail investors, it is difficult to convince people that it represents the future of Web3.
In short... after reading the whole article, you will feel that it is not only aimed at Binance, but also questioning the direction of the entire cryptocurrency circle. Has everyone given up the concepts mentioned at the beginning and only focused on licensing, investment, compliance, and market competition? Like the mockery of the former chairman of SEC, your decentralized concept no longer exists 😓😓😓
The final sentence 'Coin safety dies, coin circle lives' is certainly exaggerated, but when people take it as a reminder, they will feel that it has value in existence. At least let's not be too superstitious about these seemingly powerful things in front of us.
The cryptocurrency industry needs Binance, but it also needs someone who dares to speak up with a different voice. Let's all work together.
@cz_binance @heyibinance @binancezh @binance
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