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.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.CEXs have failed, hardware wallets have failed, soft wallets have failed, seed phrases are fundamentally problematic, etc.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.Anybody left in the space must just be hanging onto greater fool theory, that or has drank the kool-aid.