Price action will cause people to believe anything.

I don’t care how high BNB or CAKE go, it won’t change that they’re still copycats.

It’s one thing to view these assets as a way to make money, it’s another to view them as innovations that push this industry forward.

1/

The reason why BSC is faster and more scalable is not because of some magical technological innovation.

No, it’s instead the magic of centralization.

BSC is an Ethereum fork with a centralized validator set.

That’s it. Nothing more. https://twitter.com/WilsonWithiam/status/1381420702918664194

What Binance has done well with BSC is GTM.

Binance has incredible reach and influence and has used that to funnel a boatload of new users in DeFi.

Binance executes period. That’s why BSC is winning.

That said if you really want speed and scalability outside Ethereum without sharding state and without going entirely centralized, there are more legitimate ways of getting that such as with Solana.

But BSC ain’t it.

Every cycle people get hoodwinked by the latest centralized solution to all blockchains problems.

Every cycle influencers pump these narratives so they can dump on naïve retail traders when it’s over.

You can make money on the way up... BSC will likely have a place in this industry for the foreseeable future.

But if you really think BSC has achieve smart contract supremacy, and will become the world’s settlement layer, you are on crack.

Be careful of trading decentralized finance on Ethereum for deception finance on Binance Smart Chain.

Labels and reality are two different things.

Btw I say this as someone who

1) believes the future is multichain (I have big bets to back this)

2) believes maximalism is for zealots not investors