What's happening with Binance it's exactly why we need DeFi

So Binance is developing his own chain, BSC, supposedly a fair opponent to Ethereum Network. So far so good. Today Pancake Swap (CAKE), which is basically Binance version of Uniswap, exploded, +400% but there's a problem... They're calling defi something not decentralized at all, since they are controlling it.They are shilling it on twitter, without even allowing answers: https://twitter.com/cz_binance/status/1362640725582569473?s=19And now they are not allowing eth network tokens withdrawals: https://twitter.com/binance/status/1362746733726416898?s=19This is disgusting to me, and the exact reason why I don't want somebody in charge but a trustless protocol.

Submitted February 19, 2021 at 09:56PM

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