RE: RE: CZ's sole authority over BNB Smart Chain is a problem

But banks don't pretend to be something that they're not.

When you deposit money in a bank account, you are fully aware of the risks and in certain jurisdictions, are backed by government safeguards.

Binance Smart Chain essentially pretends to be a decentralised network with their system of validators.

When the reality is a single man has full control over them and as such, is a single point of failure.

CZ did 'the right thing' this time.

But there's no guarantees he will next time.

This is a MASSIVE risk for anyone with serious money tied up in the BNB ecosystem.

Much higher than in a US-based or in my case, an Australian-based bank.