Of Corruption, Centralization, and DigiByte’s Delisting
What started as a frustrated Twitter rant turned into a major cryptocurrency showdown when DigiByte was delisted from Poloniex. Jared Tate, DigiByte’s founder, felt the pain and shared his concerns in an exclusive interview. How did we end up here? Let’s rewind!
The Binance Beginnings
Back in 2017, when everything crypto was mooning and Binance was the new kid on the block, Tate was eager to get DigiByte noticed. He believed being listed on Binance would be like finding a golden ticket in the chocolate factory. But alas! When Binance began throwing around astronomical fees, DigiByte was left in the lurch, never gaining a listing.
The Fees that Broke the Camel’s Back
Tate recalls, “We desperately wanted to be listed, but the budget was tighter than a drum. I mean, who has hundreds of thousands just sitting around for a listing?” The agony didn’t end there.
The Heartfelt Call
Come 2019, Tate gets a call from Binance. Hope is reignited. They wanted to talk about listing DigiByte on Binance.US. The catch? A staggering $300,000 and 3% of all DigiBytes were on the table. Talk about a mixed message of respect!
The Psychological Game
The poker face Tate wore during that conversation showcased his skepticism. “They think we’re a bargaining chip, not a decentralized project. C’mon, people!”
Shifting Winds at Poloniex
Poloniex’s transfer to new ownership raised alarms for Tate. Concerns about data privacy took center stage as he questioned how user information was being handled. “These exchanges have more data than Facebook! Who’s monitoring it?”
From the Throne to the Trash
When Poloniex finally announced the delisting of DigiByte, Tate was understandably disheartened. “You mean to tell me they’ve made millions trading DGB only to kick us to the curb? Talk about biting the hand that feeds you!”
Decentralization: A Distant Dream?
Status quo and misguided ideas seem to plague the industry, with Tate lamenting how monopoly-like forces are coming to rule the crypto universe. “We need decentralized exchanges—like, yesterday!”
The Vendors of Decentralization
Tate rightly pointed out that many projects claiming to be decentralized are just smoke and mirrors. “How can a centralized exchange acquire a ‘decentralized’ exchange? Sounds like a marketing ploy to me!”
The DigiByte Community Stands Tall
Despite the chaos, Tate noted a surge of support from the DigiByte community. Several exchanges reached out post-delisting to list DGB. “You guys rock! Keep the fight for true decentralization alive!”
The Call for Education
“We need more folks speaking out against the hype, or we will lose the very foundation that started this revolution: trust.”
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