The Binance Smart Chain (BSC) bubble is nothing more than a centralized fork of EthereumWe recommend you to read:
- Tokenomics of BNB token - fraud and illegal security
The advantages of Binance Smart Chain (BSC) over Ethereum blockchain are due to the "magic of centralization" rather than "technological innovation." Messari analyst Ryan Watkins stated this, and we fully support this view. Binance Smart Chain (BSC) is another Chinese spoof from Binance Casino based on the Ethereum blockchain:
"BSC is a fork of Ethereum with a centralized set of validators. That's it. Nothing more," - Watkins wrote.
According to him, the price movement will make people believe anything. The analyst added that no increase in BNB or CAKE will change the fact that "they are wannabes" who have created a "fake" and are poaching Ethereum customers:
Retail investors are being fooled by "the latest centralized solution to all the blockchain problems," - Watkins noted. In his view, they will pay for it when the cycle is over, they will lose money completely - and that, the best thing that could happen to them:
His colleague from Messari, Wilson Wisiam, called Binance Smart Chain more centralized than most platforms - the Binance Smart Chain network is as centralized as possible by Binance Casino: