BNB

ZhekaM

They're only good if exchange is good. Which I can't say about cmc. That's not something that I'd count. It's no binance and that coin is no BNB. There's difference.

CointestAdmin

#Proof-of-Stake Con-Arguments Below is an argument written by excalilbug which won 2nd place in the Proof-of-Stake Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [Proof of Stake](https://en.wikipedia.org/wiki/Proof_of_stake) (PoS) is currently the most popular mechanism that secures the blockchain > > But not always the most popular means the best > > The biggest problem of Proof of Stake is that you can't mine coins, you have to buy them. This gives upper hand to the rich. Rich people can buy more coins. And more coins means more power > > But that's not all. As the name suggests - you can stake your coin. And usually when you stake your coins you get more coins. So rich people, who buy a lot of coins, get even more coins. It's perpetuum mobile for the rich > > And the problem with most (all?) PoS coins is that they weren't "born" naturally like Bitcoin. True, Satoshi mined massive number of bitcoins but those bitcoins don't multiply themselves. If he wanted to have more bitcoins, he would have to compete against other miners. But creators of PoS coins leave many coins for themselves and then those coins multiply themselves by doing nothing > > Not to mention that in order to become a validator in the most popular PoS blockchains you have to be rich ([ETH = around $100k](https://ethereum.org/en/staking/)) or super rich ([BNB = around $4 millio](https://docs.binance.org/faq/bsc/val.html)n!!!) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6voht/general_concepts_round_pos_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

scalciaregt

Right from the last dip, I have been buying some ORN, BNB & BBANK using DCA, since I'm in for the long term, I'm holding for the long term, that's why I have to stake all in blockbank to earn more weekly rewards from my assets

VastlyCorporeal

Its a show of good faith for him not to hold anything aside from BNB and Bitcoin though, he ought to have full faith in his own company and if he was holding altcoins he would have a vested interest in promoting them through Binance

Prized-Man

BNB is still above $300, it's holding up really well

coinfeeds-bot

tldr; Binance CEO Changpeng Zhao is the 19th richest person in the world, with a net worth of $17.4 billion. "Investment wise, I am not a good example. I don’t diversify. I recommend most people to diversify, but for me, I'm all in Binance," he said. He added that he's "all in crypto, BNB, and BTC." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

LastFableCom

Social media on BNB where it cost money BNB to message people/or make statements

zouhuaguang

Yes, surprisingly BNB holding way better than thr bitcoin now.

urgentlyvegetate947

Atleast my swapping off the small funds into the BNB was a right choice.

Abacus_AmIRighta

And no, they aren't actually giving away hundreds of pizzas. But $2000 of BNB. Now, personally, I'm bullish on pizza...

fabzo100

usually new projects put some decent amount of liquidity to AMM DEX LP for the pair traded against stablecoin or native crypto of the chain (i.e., ETH in ethereum or BNB in BSC). so Bob in this case would take away the profit from that LP. if this is a coin that's been traded for sometimes, usually the same coin would have enough buy orders on CEX'es as well (centralized exchanges). If the coin had no liquidity, then yes, Bob would not be able to sell in your scenario

DigitalInvestments2

Bro, if you are holding BNB or AVAX you are going to get rekt. Trade those for other L1's like Celo or CNDL before they dump.

DigitalInvestments2

Yeah right. The Luna BTC reserve is still sitting in his wallet. It was never sold to protect the peg. Luna still has BNB and AVAX in reserve, so if you hold that, you better watch out! The only way for investors to recoup any funds from the Luna debacle right now is to accept the $CNDL airdrop.

Wabi-Sabibitch

Just so you know.. **Binance is giving five users free pizzas for a year (worth $2,000 in BNB) to mark the 12th anniversary of Bitcoin Pizza Day (2022-05-22).** You can participate here : https://twitter.com/binance/status/1527257006691823617?s=20&t=eauRCWB-F8b2uX8haxkHlw

unholyfire

The hold on my buy of BNB unlocks in 6 hours. Going straight into THICCcoin LP as soon as it unlocks. You're welcome 🍑

RotgutFeng

BNB has performed quite well

Asher_TC

We could go lower, there is nothing to regret if one is not buying now. You can start a DCA journey into your fav bags. I am currently doing that with OCEAN, DYDX, BNB, ETH, NGM, ATOM, JUNO and some others

JoeYo743

Yeah he just delivered my food and i tipped him in BNB

mammoth61

You mean Binance’s AMA was somewhat centralized? *Gasps in BNB*

SuperSan93

In the app why is BNB coin No.1 on the ‘hot’ list permanently and why are other coins like XRP removed from appearing on it altogether?

Glassperlenspieler

Thanks you for asking! I would Let the binance card be more universally accepted. Like any other classic credit/debit card. I tried several times to pay for the fuel at automatic machines and it didn't work. (italy here). Having multiple indicators displayed at the same time on mobile also would be cool. Give discount on the fees not only using BNB but also BUSD, maybe? Or some other advantage Have a nice flight!

poojoop

CZ, I’m writing to you because the price of BNB needs to go up! I am overinvested, my family is hungry, and I need answers. Why not make the price go up?

Dark_Raiden_

BNB dominance is hitting resistance so probably a good time to sell it Price at posting: 307 Trying to see if I'm correct 😊

Scentofbasil

Hi CZ, Hackers stole my 3 BNB from a defi protocol Qubit , would you send me new ones?

cpzhao

To be honest my life hasn’t changed that much. I work hard everyday because I enjoy it, and it is enjoyable. My job is the most meaningful thing I could do with my time/life. I feel very lucky to have this opportunity. I’m now doing more traveling - meeting users, the community as well as governments and regulators. For example, I was in Germany this week. There are some benefits as I went to the Top Gun movie premiere in Cannes, which was fun. However, our team at Binance keeps me humble. I ended the week serving and delivering pizza. Investment wise, I am not a good example. I don’t diversify. I recommend most people to diversify. But for me, I am all in Binance. I don’t have personal investments. Everything I do, I do it through Binance. Removes any potential conflict of interest concerns. I think it is a good way to lead the team. My personal assets are simple too. I am all in crypto, BNB and BTC. I use my Binance Card everywhere I go.

cpzhao

A few different aspects to this. 1. The market decides the value, just like with any other asset. 2. If something is used by people, it has utility value. The more people that use it, the more value it should have. The market decides value based on the number and the quality of reasons to hold or use the asset. BNB has hundreds of use cases, including being the native currency on BNB Chain, which has a popular community of builders and users. BNB is a community coin. Myself and Binance contribute to this community by building extra utility for BNB in our ecosystem wherever it makes sense. But the actual success and market standing can be attributed to the community builders and users that make the BNB ecosystem so strong. Come and build with us!

cpzhao

Honestly, I am not involved in the BNB chain decisions. I barely found out they went from 21 to 41 before they tweeted about it. I do talk to some of the key devs there. Will bring it up next time. My limited tech understanding is there is a trade off between number of nodes vs performance at this time of our blockchain evolution. We collectively need to work on faster tech for blockchain. Also, the delegated proof of stake works in such a way that even though there aren’t that many nodes, you do have a choice on which nodes you want to stake too. Hope that helps.

TexRE_x_

Why haven’t you added BNB/Avax? And When will you add BNB/AVAX to binance.us?

OkEffect3

BSC is the first chain to get me involved into DeFi and NFTs and Binance the first exchange that got me into crypto. Still remember the first 0.6 BNB I bought when it was still in double digits. Really thankful to you for everything! My question for you is how does BSC and Binance plan on riding the zk Roll-up hype. With so many new protocols coming up, seems like the next trend is going to be roll ups. Can we expect something from the team behind BSC as well ? Thanks! x

kaushal19

One of the most popular and engaged tokens of the BNB chain is still not listed on Binance. When can we expect the listing of SAFEMOON?

Mundane-Farm-4117

Can they just not give us a BNB a day for a year

Gurrier_IGF1

Why did Do Kwon liquidate Terraform before its failure and buy up BTC before the depeg? CZ was complicit by facilitating trading on Binance of a scam coin and buying a big position with $3 million of his own money in 2018. I would like to be reimbursed with BNB or an alternate token.

Doffy78

hello CZ! My question for you is, would you consider editing the policies in the Binance Pioneer Burn Program ... One of the conditions is that the transaction sent by mistake to a binance token peg contract address (such as BUSD bep20 smart contract address) needs to be equivalent to 1000 US dollars or more and i think values above 250 and 500 US dollars should be considered in the Binance Pioneer Burn Program as they are a significant amount to the retail investor who made the honest mistake of sending his tokens to a binance contract address. If it is not possible to make the change, what motivation was behind picking 1000 US dollars? Thank you for your time and long live the Binance exchange and $BNB much love, Rekt4L

cflynnus

BNB is backed by the one of the biggest crypto exchange in the market.

FisherGuy44

First of all. it's cool to have you here in /r/cc On one hand it seems like you really care about the community. I'm following Binance academy for a while, you keep your users informed also when bad things happen to improve the transparency, and you do smart moves like this AMA. On the other hand, I found your customer support a living hell. There's a mistake on your hand and several thousand dollars worth of BNB that's stuck in your platform. There's no phone number I can call to, your support answer very unprofessional answers, and it seems like there is an insane gap between the image you create, to what's going on behind the science. I had a problem with Kraken several days ago and their customer support helped me in no time. My question to you is this: Do you think your customer support level is high? Do you plan on improving it? What shall I do (a customer who used to love Binance but now for more than 8 months is stuck with long waiting answers with your customers support)? Is there any phone number I can call to? Hope this question will get answered, because Binance customer support mistake and behavior cost me my health, time and money, and I just can't understand the insane gap between the image you create to the support I get. Disclaimer: I'm a Binance user for years.

TarkovReddit0r

Well that escalated quickly. From buying up LUNA to BNB flipping BTC & ETH lol

pabuss

Is there any plan to make BNB chain more decentralized ? Currently 10k+ BNB needed to become a validator on your own,you also need to get a whole lot of BNB delegated to you as well. Very strict demands. Also there is only 41 validators nodes out of which 20 are always inactive, which makes BNB one of the most centralized coins.

Gurrier_IGF1

Can Binance bail out holders of Luna with BNB or similar?

RealVoldemort

Do you own any coins besides BNB, BUSD, BTC and ETH? And if you do, what made you invest in that particular project?

Next_Promise8902

Whats your BNB price prediction for the end of 2022?

6ixsideOT

CZ What's some of your favorite projects after BNB?

Str1kon

CZ already answered this bs FUD question on twitter a week ago. This sub reddit has the biggest hate boner for anything CZ or Binance it’s a absolute joke. This reddit is bs like ALGO good, BNB bad rhetoric nonstop shilling.

Slavreason

If Binance goes bankrupt, what about all pegged tokens on the BNB smart chain? Will I still be able to swap BTCB to BTC?

emptystats

CZ, would you consider bailing out UST and taking over for Do Kwon as head of Terra LUNA? 1)You invest $3-6 billion to partially collateralize the remaining 10 billion UST 2)In return you/ Binance get a big allocation of new LUNA2 tokens. 3)To redeem UST, people have to buy and lock BNB for 3-7 years, for an amount of > 50% of their loss. Why? a) You would become the most beloved man in the crypto space and it seems like you could afford it. This might be the biggest financial loss in the history of the world and psychologically, people are devastated. b). You would likely make money too, with BNB forced to be bought and locked, your new allocation of LUNA2 You would start a bull market and BNB could flip ETH or even BTC in the process.

Loose_Dentist8556

Hello, first of all, thank you for doing the AMA. I have a question regarding the VIP levels on binance. Back when BNB was valued lower, it seemed to be possible to reach higher VIP levels, however with BNB trading at above 300 usd, getting to the higher VIP levels seems impossible to the everyday investor. Will the VIP system be looked at in the near future, to make it more obtainable?

emptystats

CZ, would you consider bailing out UST and taking over for Do Kwon as head of Terra LUNA? 1)You invest $3-6 billion to partially collateralize the remaining 10 billion UST 2)In return you/ Binance get a big allocation of new LUNA2 tokens. 3)To redeem UST, people have to buy and lock BNB for 3-7 years, for an amount of > 50% of their loss. Why? a) You would become the most beloved man in the crypto space and it seems like you could afford it. This might be the biggest financial loss in the history of the world and psychologically, people are devastated. b). You would likely make money too, with BNB forced to be bought and locked, your new allocation of LUNA2 You would start a bull market and BNB could flip ETH or even BTC in the process.

_s79

Hey CZ, I’m looking forward to your AMA. My question; In February of 2021 you commented that other exchanges should list BNB. With that in mind, are there any plans to list CRO or PLU?

yoosufmuneer

> How do invest your personal wealth? Pretty sure he just owns 95% or so of Binance, a bunch of btc and BNB. That's it. As far as diversification goes, Binance has invested in a bunch of companies & projects.

Emigoooo

What are the advantages of BNB over BTC?

KillerBurak601

Do you have any ideas for future use of BNB? It is an already great Coin, but it seems to lack few more ideas that will only benefit from holding bnb

yoosufmuneer

BTC & BNB. Check his twitter bio.

kalgoop

Why are you doing this AMA? Is it to decide the Tera situation. Or to promote BUSD after UST failed. Or to promote BNB chain for terra projects.

sorryxqc

Where does BNB value come from? and why is it holding better than other coins in this bear market?

Key-Cucumber-1919

Yeah. BTC, ETH, BNB are all down 50-60%. Luna went to 0. So to lose 90% his portfolio had to be like 75% Luna, 25% top 3 coins.

Tsubasa_sama

BNB has got to be the strongest altcoin out there, it's hardly bled at all in sats since the turn of the year.

SnooDonuts1536

Remember that time when I got lucky and turned 1 BNB into about 250 BNB from a random meme coin. Good time.

piggleii

BNB/BSC is too centralized. Use Celsius instead. /s

outofworkslob

BNB is here to stay

frozengrandmatetris

you did not ask me why it has value, you asked me why it would have value if I owned all of it. >The valuations and choices that result in the exchange ratios of the market do not decide between gold and iron. Acting man is not in a position in which he must choose between all the gold and all the iron. He chooses at a definite time and place under definite conditions between a strictly limited quantity of gold and a strictly limited quantity of iron. His decision in choosing between 100 ounces of gold and 100 tons of iron does not depend at all on the decision he would make if he were in the highly improbable situation of choosing between all the gold and all the iron. What counts alone for his actual choice is whether under existing conditions he considers the direct or indirect satisfaction which 100 ounces of gold could give him as greater or smaller than the direct or indirect satisfaction he could derive from 100 tons of iron. He does not express an academic or philosophical judgment concerning the “absolute” value of gold and of iron; he does not determine whether gold or iron is more important for mankind; he does not perorate as an author of books on the philosophy of history or on ethical principles. He simply chooses between two satisfactions both of which he cannot have together. [human action](https://mises.org/library/human-action-0) it satisfies me more to have a definite quantity of BNB than a definite quantity of USD at the time and place where I need to purchase legal nootropics from a certain vendor. it satisfies him more to accept BNB instead of USD because he doesn't have to deal with the hostile credit card network. you are deliberately trying not to understand this.

Dark_Raiden_

BNB is currently outperforming BTC and ETH. It probably won't keep that up forever, but it's something to note.

Strange-Scientist965

My favorite coin in this bear market has been BNB and XMR. Very solid

Maxx3141

You don't have to look for what exchange is compatible with your hardware wallet. Instead you look at what currencies and networks your exchange offers for withdrawal, and what currencies and networks your wallet supports. Really try to understand what "currencies AND networks" means. While native coins like BTC, ETH, BNB run on their own native chain, smart chains can also have wrapped versions of different coins and tokens. Always make sure your receiver and sender are using the same network. Generally spoken your wallet should be compatible with all coins it also supports - but maybe not all exotic networks.

Tough-Obligation317

I see 3 BNB

TertlFace

Super common scam. Let me guess: The wallet *also* doesn’t have any gas. You go to sell it: “EVM reverted” What? “Oh. I need to add (BNB, ETH,etc) so there’s enough gas for the Tx.” [adds gas] *poof* Gas and tokens gone; wallet empty — you just got scammed out of your ETH, BNB, whatever. They *know* you’re going to sell it but can’t until you load the wallet. The instant there is gas added a bot drains it.

oshinbruce

Its a scam sadly. Firstly its worth $5k but the liquidity is probably 0 so you cant even sell. Secondly when you try to move it the smart contract will try to charge you a real crypto like ETH or BNB to move it, or do something even worse.

homrqt

ETH is an alt by definition, and by that definition will always be an alt. Some coins I see being one of the big boys long term. BNB XMR ADA

Nozomilk

It would be BNB. That token would be relevant as long as Binance is relevant. It’s centralized AF so it would be a shame for crypto, but people don’t give a shit about centralization, sadly.

TheNextPharaoh

I wish it’s **DOT** because it’s my most token in value after BTC and ETH But I think it will be BNB

Spalatinwt

You are correct and that's why applying DCA is better. I am using it on MATIC, BNB KOL and TWT. let's see how it goes.

masks_0n

BNB

joannew99

Other than stables I think the only coin thats come close in the past 2 or so years is BNB and Cardano, and they were still hundreds of billions of $ in market cap behind ETH. I think it will happen, but not this year. or Next

HuskerNatChamps2020

BNB during the 2017 run was $4. It’s 100x since then. His cost basis has to be nearly 0. Let’s say for arguments sake his cost basis is $1. That a 400x at its highest. .10¢ would be 4000x

Infernir

BNB was one of the surprise coins that shot up heavily I never really see anyone on this sub talk about. If I invested even $10k in BNB early on when I began using it in 2017 it would be millions now. And the only reason I didn't even though I liked the exchange is because I didn't see anyone on this sub talk about investing in it, and got the idea it must be because exchange tokens can't go up in value a lot. My fault for not doing my own research of course, .10 cents to over $300 now.

KryptoSC

Binance's BNB token and Ripple (XRP) has a decent shot.

cookiehustler88

Correction from pumping his own BNB coin

SurenRongyao

BNB XRP ADA SOL DOT AVAX TRX PoS based Coins, Sorted by Marketcap

CointestAdmin

#Proof-of-Stake Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Proof-of-Stake Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Reusing from [my previous entry here](https://np.reddit.com/r/CryptoCurrency/comments/pfoke5/rcc_cointest_general_concepts_pos_conarguments/hd7dme2/). > > *Disclosure: (assuming Ethereum successfully transitions to PoS) ~50-60% of my current portfolio is in PoS coins, not including tokens that run on those chains* > > #PoS Con Argument > > Just a note that there are [lots of variations](https://www.finyear.com/photo/art/default/31320255-29572660.jpg?v=1551793721) on the Proof of Stake consensus model - e.g., [Proof of Staked Authority](https://github.com/binance-chain/whitepaper/blob/master/WHITEPAPER.md#consensus-and-validator-quorum) (BSC), [Pure Proof of Stake](https://www.algorand.com/technology/pure-proof-of-stake) (ALGO), Bonded Proof of Stake (ATOM), Delegated Proof of Stake (EOS), Liquid Proof of Stake (XTZ), Nominated Proof of Stake (DOT) etc. Different implementations have different tradeoffs, but I'll try to keep the main arguments general. > > ##Wealth and control > > - As other con arguments mention, PoS consensus favors big players and can [lead to centralization of wealth and control](https://medium.com/stakin/centralization-of-stake-in-pos-f7ccb8f8254). > > - In the absence of staking pools or delegators, the necessary capital required to self-stake (+ hardware costs) can exclude smaller participants: > > - [If you got in early, then you have a larger stake - and your position is basically guaranteed since you had a head start in earning rewards](https://www.coinbureau.com/blockchain/proof-of-activity-explained-hybrid-consensus-algorithm/#Introducing_Proof_of_Stake). > > - If you have a bigger stake you're probably in a position to hoard it, accruing compound interest and solidifying your position as a whale. > > * Airdrops are great, but if they're based off a snapshot of staked holdings ('stakedrop') then the rich get richer (some projects have tried to make [fairer distributions](https://medium.com/osmosis/osmo-token-distribution-ae27ea2bb4db), but [whales gonna do whale things](https://np.reddit.com/r/cosmosnetwork/comments/q8y550/centralization_issue_in_juno/)). > > - The bonding/unbonding periods of some protocols disincentivize participation from less wealthy users who may need to keep their assets liquid in the face of market volatility (i.e. opportunity cost). E.g., ATOM has a 21 day unbonding period. > > - Even if you delegate your stake to validators, there is a centralization of power/wealth: > > - The lack of incentive for smaller participants to be active in the voting process undermines the system's democratic intentions: > > > "[This leaves the door open for the whales to have a more direct influence over the network, especially if they are also able to take control of masses of smaller votes via proxy.](https://www.coinbureau.com/education/delegated-proof-stake-dpos/#Disadvantages_of_DPoS)" > > - Entrusting validation to a small group of participants introduces trust into the equation - delegates could form cartels making the blockchain less decentralized and less resilient to attacks. > > - Cartels aren't just a theoretical issue - historical examples include **EOS**, which has a [vote buying system](https://research.binance.com/en/analysis/eos-governance) leading to [accusations of cartels bribing an exchange](https://www.coindesk.com/markets/2018/10/04/vote-buying-scandal-stokes-fears-of-eos-governance-failure/) and **LISK** which had a [cartel](https://np.reddit.com/r/Lisk/comments/8dwwqa/delegates_or_delegateyou_decide/) likened to [the mafia](https://medium.com/coinmonks/lisk-the-mafia-blockchain-47248915ae2f). > > - Various examples of centralization on more notable chains include: > > - **ADA**: [Binance has 12% of the total stake](https://adapools.org/groups). As /u\/Eagle-Pool explained in [this post](https://np.reddit.com/r/cardano/comments/muf1ap/why_staking_your_ada_with_binance_is_a_bad_idea/): > > >"Cardano created [Enterprise Wallets](https://docs.cardano.org/en/latest/learn/types-addresses.html) that were meant to be used by exchanges that shouldn't carry stake rights. Clearly, Binance isn't using those since they've created so many pools. If they participate in Catalyst voting, they have enough Ada to make or break any project." > > - **ATOM**: [CEXs \(Binance, Coinbase and Kraken\) hold ~17% of the staking power](https://www.mintscan.io/cosmos/validators). > > - **BNB**: [21 validators and if you want to be one you'll need a minimum 10,000 BNB](https://docs.binance.org/smart-chain/validator/Parameters.html). Meanwhile, [Binance owns ~80% of BNB](https://www.coincarp.com/currencies/binance-coin/richlist/). > > - **ETH**: running your own [validator requires 32 ETH](https://github.com/ethereum/annotated-spec/blob/master/phase0/beacon-chain.md#gwei-values). [~20% of validators belong to whales and centralized exchanges.](https://beaconcha.in/charts/deposits_distribution) > > - **DOT**: would recommend the [DOT Con Argument thread](https://np.reddit.com/r/CryptoCurrency/comments/og2peh/rcryptocurrency_cointest_top_10_category_polkadot/) for specifics on the confusing election and nomination aspects of the governance system. [The minimum required stake needs to be higher than the least staked validator](https://wiki.polkadot.network/docs/faq#what-is-the-minimum-stake-necessary-to-be-elected-as-an-active-validator), currently [1.6M DOT](https://ipfs.io/ipns/polkadot.dotapps.io/#/staking/targets). > > - Lastly, there's also centralization to consider given validators' reliance on infrastructure providers like AWS, [Bison Trails](https://bisontrails.co/protocols/) or [Infura for ETH](https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns) and software clients ([like Geth for ETH](https://medium.com/coinmonks/how-eth-2-0-could-resolve-the-long-running-centralization-debate-c416b394e54c)). > > > > ###Subjectivity > > - This may be a bit more technical, so bear with me. > > - There is trust involved not just when delegating to a validator, but also at a more fundamental level - how PoS nodes connecting to the network 'learn' what the 'truth' is, i.e. how to sync and validate the correct chain: > > - PoW networks like Bitcoin's are **objective**: [when a new node comes online it can determine the 'truth' based off the protocol and the history of previous blocks](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). > > - On the other end of the spectrum is a network like Ripple, which is **subjective**: [all the nodes are sort of doing their own thing to determine what the truth is. The network thus requires nodes to have reputation, otherwise anyone could spin up a bunch of nodes to take over](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/) (i.e., [Sybil Attack](https://en.wikipedia.org/wiki/Sybil_attack)). > > - PoS falls in the middle, it's '**[weakly subjective](https://academy.binance.com/en/glossary/weak-subjectivity)**': [when a new node comes online it has to find someone to tell it what the truth is so it can sync up. Reliance on a trusted third party thus adds a small but non-zero amount of risk not found in the PoW security model](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6voht/general_concepts_round_pos_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

TripTryad

> Without naming Bitcoin or Ethereum, which coin could you see hitting a Trillion dollar market cap? Unpopular, but BNB more than likely. Absolutely no one here is going to like that prediction and would probably hate to see it happen.... but Im thinking that's definitely one of them that will make it there unless something catastrophic stops it. There's always bad stuff mixed in with the good /shrug

4y2ijyjyjyj

BNB is highest cap POS.

WhiskeyTangoTrotfox

There’s so many projects in the top 25-50 by market cap that are *not* proof of work. Almost everything really *besides* BTC is not based on a proof of work model. ALGO, BNB, ADA, DOT, SOL, AVAX. The list is quite large. These all have lower fees. But if environmental conviction and concerns are at top of your mind, then I’d recommend doing research on Algorand. They’re quite mindful of their environmental impacts and are one the most eco-friendly projects.

Average_Life_user

BNB went from like $0.01 to $400+. He’s not poor lmao

bittabet

A lot of this wealth is kind of theoretical though. He can’t exactly dump all his BNB and cash out because then the price will tank almost as bad as Luna 😂 So the amount he can cash out is much smaller than his net worth. Still, he’s obviously very very wealthy now.

CointestAdmin

#Cosmos Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Cosmos Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Cosmos Con Argument > > - *Disclaimer: ATOM currently makes up ~1-2% of my portfolio. Including Cosmos related projects like OSMO, JUNO, etc. or projects built on Tendermint like BNB, LUNA, CRO, then it's more like 5%.* > > - While I wrote about the benefits of a [hub and spoke model](https://v1.cosmos.network/images/intro/06-architecture.svg) in the [Cosmos Pro thread](https://np.reddit.com/r/CointestOfficial/comments/qk4yl2/coin_inquiries_round_cosmos_proarguments_november/), different development models/architecture have different tradeoffs (e.g., [Cathedral vs. Bazaar](https://en.wikipedia.org/wiki/The_Cathedral_and_the_Bazaar), [empire vs nation states](https://www.finder.com.au\/brave-new-worlds-cosmos-blockchain-and-social-evolution), [different blockchain types](https://en.wikipedia.org/wiki/Blockchain#Types), or even [DAGs](https://np.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_dag)). > > - **TLDR**: The overarching focus of Cosmos is on interoperability - but a priority on connecting everything together doesn't necessarily benefit the development or utility of ATOM itself. It's natural for developers to disagree on their vision for a decentralized, open source project and some may even regard that as a positive. But infighting is bad for optics and there are certain aspects of ATOM's tokenomics that may limit its value within the 'Internet of Blockchains'. > > ##Team entropy > > - In February 2020, fighting within the Cosmos team lead to a [shakeup of talent](https://decrypt.co/19769/zaki-manian-cosmos-number-two-resigns) and a [restructuring of the companies involved in developing the project](https://messari.io/article/amid-multiple-departures-cosmos-core-contributor-tendermint-inc-restructures-the-company). > > - Former Tendermint director [Zaki Manian accused founder Jae Kwon of neglecting Cosmos by instead working on a side project, Virgo](https://decrypt.co/18324/tendermint-director-accuses-cosmos-founder-of-evading-responsibility). > > - Some (including Jae), regarded the 'break up' as a [move towards decentralization](https://gist.github.com/jaekwon/7cb869769aecf9c86bfd1b9e61c488df). > > - Zaki (in a now deleted tweet) [disagreed with the decentralization claim and pointed to delays in development, turnover and under-resourcing of the Cosmos project](https://web.archive.org/web/20200207134418/https://twitter.com/zmanian/status/1224384772677390336). Others [reported a toxic environment for engineers](https://twitter.com/jessysaurusrex/status/1224417773620588545). > > - Amidst this backdrop of 'he said, she said' the fact is that core developers like to work on their own pet projects: > > - I'm not sure if Virgo is still a thing, but [Jae Kwon stepped down to work on a Gno project](https://twitter.com/jaekwon/status/1360867477572493313?s=28). Zaki went on to [work on Iqlusion and Sommelier](https://www.linkedin.com/in/zmanian/) while Sunny Aggarwal [started Osmosis and Sikka](https://www.linkedin.com/in/sunnya97/). > > > > ##Project entropy > > - The [community tends to dismiss devs fighting as FUD](https://np.reddit.com/r/cosmosnetwork/comments/r2zhz0/its_a_fud_hit_piece_and_makes_me_sick/). And one could argue that developers shifting to work on other projects is a 'value add' to the ecosystem rather than a detriment to work on Cosmos. > > - I'm not so sure - and I think a related example is actually the main products these teams worked on, [Cosmos SDK](https://v1.cosmos.network/sdk) and [Tendermint](https://academy.binance.com/en/articles/tendermint-explained). > > - In the Pro thread I highlighted how many popular projects such as BNB, CRO and LUNA have been built using these tools. > > - Many of those coins now [have a higher marketcap than ATOM - but, beyond displaying their total value](https://cosmos-cap.com/) under one umbrella there isn't a 'trickle down effect' whereby growth in CRO impacts the value of ATOM. > > - This is a function of the Cosmos design decision to [retain the sovereignty of each connecting chain](https://juliankoh.medium.com/5-differences-between-cosmos-polkadot-67f09535594b). Unlike Polkadot or ETH, a rising tide in the Cosmos ecosystem *doesn't necessarily* lift all boats: > > - Polkadot parachains use DOT's security. Ethereum tokens use ETH as gas. But projects in the Cosmos ecosystem are not 'locked in' to using ATOM. > > - [Transactions fees on the Cosmos Hub do not necessarily need to be paid in ATOM](https://cryptoseq.medium.com/cosmos-atom-token-and-the-commonly-misunderstood-staking-tokens-part-three-958c295c5b78). > > - In the absence of a [shared security model](https://blog.cosmos.network/interchain-security-is-coming-to-the-cosmos-hub-f144c45fb035), all the [connected zones and hubs today](https://mapofzones.com/?period=720&testnet=false&tableOrderBy=totalIbcTxs&tableOrderSort=desc) continue to use their own native tokens rather than enhancing the value of ATOM. So, to go back to developer projects, [Osmosis can post growing liquidity and transaction volume](https://info.osmosis.zone/) but the DEX usage doesn't directly benefit ATOM. > > - So while the Cosmos Hub has been crucial to promoting interoperability, in the future it might not remain the economic center of an 'Internet of Blockchains' but instead get supplanted by one of its 'children'. > > - Jae Kwon spoke to this point years ago, [indicating his support for competition between hubs rather than locking users into Cosmos](https://www.youtube.com/watch?v=6OAulsLeDI0&t=749s). > > - And the centrality of ATOM seems to be the subtext of recent [dev arguments over 'Cosmos' nomenclature](https://np.reddit.com/r/cosmosnetwork/comments/scye0t/sunnys_constant_attacks_on_the_cosmos_hub/), with [calls to rebrand](https://twitter.com/sunnya97/status/1486031900925784066). > > - Where Cosmos *does* lock in users is with staking: > > - [ATOM uses a high token inflation rate to ensure a high staking participation. Users who don't stake their ATOM get essentially penalized by inflation, as the value of their holdings is diluted over time](https://medium.com/swlh/what-are-the-flaws-of-the-cosmos-and-how-to-tackle-them-6c114f4f3bd7). > > - This is obviously not beneficial for holders of smaller stacks and/or users who want to retain liquidity without being locked in to the 21-day unbonding period. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yls/coin_inquiries_round_cosmos_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).