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this post was submitted on 07 Feb 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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You are delusional if you think Binance is big to attack XMR.
Binance is big enough to try and attack XMR.
XMR is the only direct threat to the fraudulent fiat currency system.
Binance is the only tool they have to launch an easy attack against it. It will not work of course.
Yeah, I definitely don't think Binance exists solely to target XMR. It exists to try to hammer crypto at large into a traditional centralized legacy banking framework of compliance and control.
Many involved have and will get filthy rich and powerful and well connected in the process. Some will be sacrificed. This is why the centralized exchanges have been tolerated or encouraged by states around the world.
People who rely on centralized solutions instead of decentralized ones in this space have some more rude awakenings ahead of them.
Never said it existed solely to attack XMR.
Binance was left alone by "regulators" for years until they committed so much fraud that they could be taken over and used as a weapon, against XMR or any other purpose.