Important: Potential Binance Delisting

I dont think we should spend anymore resources on this. We have the technology, they don’t want to use it ( cost? ) Bitcoin survived Mt. Gox, Zcash will survive Binance. I hate to be brash, but, IMHO, Binance’s days are coming to a close. The rulings in the FTX case just sealed the deal.

For those who rely on Binance, use it while you can and hold your keys. :zebra:

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What liquidity do the non-KYC exchanges have? It seems to me that most of the volume is done on Poloniex and Binance with the latter offering the smallest spread. I think if ZEC ends up delisted for good, we will see another major price drop…

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Less most likely. Which is why you should use it while you can. I always assumed withdraw only was coming… surprise!

I don’t like the scandal that surrounds this, and what direction most governments are headed, but here we are. I guess if you feel this is likely to happen, you can have your $ ready? I’d caution anyone doing this of course :person_gesturing_no:

Appreciate your thoughts as always

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You didn’t quote my full sentence… There is an important IF

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I think a bit of price drop won’t matter if eventually native DEX P2P Marketplace and native Atomic swaps get better with heavy priority development.

It will eventually have a good zcash privacy culture.

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Zcash should focus on the broader goal of privacy and decentralization.

I propose to invite @thorchain-dev back to see how Zcash can be better integrated on dexes such as Thorchain.

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Well… Thorchain only supports transparent addresses…

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I see that many people prefer delisting, but it will not lead to anything good.

  1. Educating the community to use another exchange will not be enough to replace binance, because more than 80% of people in the crypto world are traders who are not part of the community.

  2. Binance is also the liquidity provider for so many other CEXs and DEXs.

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@aquietinvestor, first I will start by saying what a great man once said in my country and I quote “when a system is trying to frustrate you, all you need do is just to own it and you decide the rules”. Now looking at the challenge on ground, I believe we can build a Zcash DEX to salvage situations like these now and in the future, where there will be liquidity from Zcash to power it. and this Zcash DEX can also list future tokens that will emanate via the Zcash Shielded Assets (ZSA). With these current happening, it is time to for all Zcash stake-holders and the community to start building solid infrastructure for the Zcash protocol. Thank you.

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@jelly5649 the truth is that Bitcoin is not facing what Zcash is facing currently right now? I am aware that Zcash was modelled after Bitcoin with some modifications, which is good. But the truth about life is that two brothers can be identical twins from same mother’s womb, raised by same parents, under same roof but at the end one may become very successful while the other will become a total failure. Do know why, they will experience life differently but it will be a total disaster if they approach their peculiar problems in the same manner. Thus, if Bitcoin does not have it does not necessarily mean Zcash cannot have it. I am on this opinion, because the regulators and binance may still show forth again, what will then happen. What will happen when the other exchangers currently backing Zcash today decides to pull out tomorrow. Again I repeat, Zcash need to start putting in place some back-up plans in solid infrastructural development. This is just my view anyway, but those who understands some of these things will get my view clearly. Thank you.

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As a business, shouldn’t they have the right to refuse business? It seems they are asking for an easy way to return the funds they don’t want. Isn’t that reasonable?

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I would be supportive of a grant to allow shielded trading/swapping.

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I think you may be too hopeful that Zcash could survive after delisting from Binance, and lets hypothetically suppose Coinbase next year. Would the chain still operate? Yes. But from a practical sense, the market capitalization loss would be irrecoverable :frowning: not to mention the corresponding brand damage, and the loss of 101-level on-ramps to owning ZEC.

As mentioned above, we’re unfortunately in a dangerous Catch-22 with no obvious paths out.

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I have made a detailed proposal on Taking Zcash To School and it has the capacity of solving some critical issues like these that Zcash is facing, and I am hopeful that some of us will be given an opportunity to be part of those that will contribute to Zcash advancement. Thank you.

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@pkr I am deeply glad to see this coming from you. I am indeed very encouraged. Thanks

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Thanks for this comment, the truth is Zcash needs some (not just one) shielded trading/swapping/DEX solutions for the ecosystem & it will go a very long way.

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Like many have already pointed out any amount of pandering with never be enough.

Best is for zcash to remove t-address, remove trusted setup sapling and only focus on trust-less orchard and/or unified address moving forward.

Focus on native DEX P2P marketplace atomic swaps.
That is the only way to move forward.
And embrace De-listing it will only make zcash better in the long run and help with its decentralization.

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Realistically… nothing will get done in time to avoid this, might as well embrace it.

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Yes best to embrace De-listing it will only make the community stronger.

And all bad policies will get weed out.

It will overall make zcash better and truly censorship resistance.

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China has two currencies, the people’s currency and an exchange currency. Having an exchange currency does not empower the people, it’s the opposite.

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