SEC Accuses Binance of Mishandling Funds and Lying to Regulators
Every time a crypto article is posted there are one of two people in the comments; those acknowledging yet another failure in a continuous display of cryptocurrency's blatant inability to be a valid currency, and those who mindlessly still think there's any hope for cryptocurrency to be a global currency.<p>Those who say that CEXs aren't part of the core values of cryptocurrency are right, except also completely ignorant to the fact that without CEXs, crypto's usability as a currency is practically 0.<p>CEXs have failed, hardware wallets have failed, soft wallets have failed, seed phrases are fundamentally problematic, etc.<p>Cryptocurrency won't ever be functional on a large-scale as a global currency, and that much is evident. It's not even a matter of opinion; the core idea of decentralization which "makes crypto great" makes it unusable as a currency for the vast majority of people- who would need to rely on some centralized authority in order for crypto to operate within the real world.<p>Anybody left in the space must just be hanging onto greater fool theory, that or has drank the kool-aid.