Exactly, attacks prove you are doing something right.
What Bitcoiners for example fail to understand is that when a decaying system embraces you, it’s not because you have won, it’s because you are no threat, just a harmless and defenseless thing to be abused before being thrown in the trash bin of history.
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Great vibes!
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Fwiw, I heard back from Binance and they reiterated that, as the announcement states, “the voting result will not be the sole deciding factor to determine the final delisting decision, which is subject to the official review process."
As it currently stands, ZEC is out of the top 5:
Also, if you’re not following @battbot on X you’re missing out. He’s one of my favorite Zcashers to follow and has some great takes on the Binance vote. Here are a few of them:
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don’t forget this banger 
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i think i get it..
what if Binance have problems with Zcash because they can’t access their funds on Ledger?
they suspended withdrawals, but have a lot of ZEC on their cold storage
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Hello 
Cbdc = zksnarks Rally
Delisting = proof of privacy
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In the end, it looks like Binance will get their way, delist Zcash and say it was a “community decision”.
Binance is behaving like that thing they were once so opposed to…
Binance is keeping tokens with volume.
How much volume do we have?
How attractive are we to investors?
Thanks,
ZEC does more volume than over half of all the coins listed on Binance. It probably does more volume than all the coins w/ “monitoring tag” as well.
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Sounds like we’re pretty safe then. For as long as CEXs can make money on a token, they have little incentive to remove them.
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Is it because of the volume, is it because they don’t see it as attractive and profitable and it’s a token that doesn’t leave them much profit?
Maybe…
The important thing is that as active Zcashers we always defend the true value of Zcash, which is not its price or its volume, but what it allows us to do and what this means for freedom.
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I wouldn’t be so sure. IMO, ZEC does not even qualify to have the “monitoring tag.” Binance could be facing pressure from regulators because Zcash is a “privacy coin”. In the end, that may be why Zcash gets delisted.
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My thinking is that it is better for ZEC to be delisted from Binance today with prices below $40, than getting delisted when the prices recover to over $400
Also, it will be much easier to provide ZEC liquidity to any DEX that wants to list ZEC with current market condition than when ZEC price improves and ZEC liquidity is hard to come by
near.intents > binance.com
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All exchanges operate at their discretion. There is no regulation whatsoever. AML is not a requirement, but a recommendation. It’s just that the big exchanges have lawyers who are afraid of everything. Their task is to ensure that the exchange does not have problems. From the very beginning, the requirement that: “the main thing is that it comes to our address from a transparent address, and then we don’t really care” is not logical and is caused by the formal installation of an internal lawyer. The so-called privacy coins have absolutely no official problems with the law.
It’s the same as a weapon. No one has a problem with the law because it’s in your house or because you take it on a licensed hunting trip. Problems will arise only when you begin to dispose of it outside the legal framework.
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Anyway the P2P economy won’t happen with centralized exchanges around. The coziness of using them render the majority of crypto users really lazy and oblivious to the massive ongoing data harvesting operations. To sum it up, if you still use CEX’s, it will massively blow up in your face at some point in the not too distant future.
So I won’t shed a tear if ZEC is delisted from Binance or any others for that matter.
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Binance started a new vote, zcash is in it again! https://x.com/binance/status/1910211193937031594
At this point it seems like they really try to hurt the project, first demand TEX addresses, monitoring tag, they show a risk warning when you open the chart on binance, now let people vote again to delist and don’t even let you cash out.
Would be great if we can raise awarness about that.
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Are zec withdrawals still unavailable, or what do you mean?
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withdrawal is is disabled since a few weeks now “due to low hot wallet balance” but they never fill it up… They say you should cash out via BSC network.
So basically you don’t get your coins out, only option is to sell if you want your money as BSC Zcash is just an asset issues from Binance therefore you still have the counterpart risk and can’t use it on the zcash network.
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Yes at this point it would be better for ZEC to get delisted from Binance, so liquidity could flow somewhere useful instead of being locked up in a weirdly behaving CEX.
And at least we would know for sure there’s no fractional reserve stuff going on.
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