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03 July 2020

Binance CEO Says Steem Too Centralized but Exchange Must Support Controversial Hard Fork - CoinDesk

Binance CEO Says Steem Too Centralized but Exchange Must Support Controversial Hard Fork - CoinDesk


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In a statement on the company’s official blog Sunday, CZ said that, while the exchange is “very much against zeroing other people’s assets on the blockchain,” to not support it would mean that Binance users would not be able to withdraw their steem tokens.

While the exchange would not otherwise support the fork, “if we don’t support it (technically), no users can withdraw any STEEM coins.”.

Reading between the lines, CZ appears to be encouraging users to withdraw their steem tokens, mentioning several times in the post that support that supporting the fork would allow withdrawals – of course, it could allow continued holding or trading too.

The issue of the hard fork – launched apparently with the sole purpose of confiscating the holdings of key community members who were unhappy with Justin Sun’s power in the ecosystem and how he was wielding it – followed a previous hard fork that saw some Steem users create a new blockchain called Hive.

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