DeFi Warning: Steer Clear of This Popular Crypto

James issues warning. [Altucher Confidential] February 08, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Important housekeeping note: Your emails are coming from a new email address: [AltucherConfidential@mb.paradigmpressgroup.com](mailto:altucherconfidential@mb.paradigmpressgroup.com). Ensure delivery of every email in your subscription by [following these simple whitelisting instructions.]( Before FOMO hits, steer clear of this popular crypto. Join us tomorrow instead. [Hero_Image] DeFi Warning: Steer Clear of This Popular Crypto By James Altucher Secret Gold Back currency RUINING Biden’s plans for a digital dollar? [Click here for more...]( What I’m holding in my hand is a completely new form of money… As we speak, it's being used as an alternative currency across the U.S. minting in places like Utah, New Hampshire and Nevada… And since it’s made out of a thinly printed sheet of REAL gold... It may be the single best way to protect your wealth from Biden’s plan for a government controlled digital dollar. That’s why, I want to offer to send one to you today. But since I have a limited number I need you to respond to [this message]( by Wednesday at midnight. [I’ve recorded a short 2 minute message that explains everything here.]( [Chris Campbell] CHRIS CAMPBELL Uniswap is the largest decentralized exchange in DeFi. It also has one of the most dynamic and innovative governance structures -- the exchange is run by its token holders. Every major change must be approved by the token holders in a four-pronged approach. With roughly 370,000 token holders and 28,000 unique historical voters… It's a big deal. In some capacity, I believe Uniswap is an early example of how businesses in the future will run. That’s what makes Uniswap’s next decision so historic. But is it a mistake? Uniswap and Binance? Last month, a poll of Uniswap holders revealed that 80% supported an expansion of Uniswap to the Binance chain. The reason is obvious: money. Binance could bring in: → $1 billion of Total Value Locked (TVL) → Massive trading volume → Tons of fee revenue → And Binance has 820,000 daily active users (compared to Ethereum’s 335,000) But not everyone’s keen. One vocal community member, Kwaskoff, voiced his concerns: “I believe that the protocol must not be run on centralized networks like Binance chain, this can hit the reputation of the protocol very hard.” He’s not wrong. Last year, as the critics point out, the Binance Chain (BNB) was halted after a bridge hack. Meaning, BNB can do whatever it wants. Other decentralized apps like Aave, Compound, Maker, and Curve haven’t switched over to the Binance chain for that reason. It goes against crypto’s ethos of decentralization. With two days left to vote, the only real opposition is venture capital firm a16z. But even if a16z votes against the proposal, with all their reported 40 million tokens, the vote will still pass. This is a big deal for Binance (BNB)… So does this mean you should be bullish on Binance’s coin? James gives his uncensored take in the featured article below. First, however, last call… Last Chance: TOMORROW AT 1PM ET All week, we’ve been hinting of a huge event coming. Tomorrow’s the day. James says something BIG is going to happen soon… ...and it could make a handful of investors 56-times their money over the next couple of years. He is planning on being one of them. And he wants you right there with him. It’s all thanks to something called Senate Bill #700 – and an emergency mandate he says very few people know about yet. If you’re ready for a potentially life-changing event… [Click here to reserve your free spot.]( Submitting your email address above automatically registers you for The Insider’s Suite, but does not obligate you in any way to attend the event. By reserving your spot, you will receive event updates. We will not share your email address with anyone. And you can opt out at any time. [Privacy Policy.]( And read on. BOMBSHELL: Ex-CIA Advisor Releases New Biden Evidence [Click here for more...]( [This crazy new Biden story]( is 1,000 times worse than the media will let on. If you think Biden is a life-long corrupt politician who will do anything for money and power, you’re right. And now, former advisor to CIA and Pentagon Jim Rickards has just uncovered [this new Congressional evidence that will send shockwaves through Washington.]( Steer Clear of Binance Smart Chain James Altucher Crypto prices have rebounded along with tech stocks in the past month as investors bullishly anticipate progress in the war on inflation and a return to lower interest rates. That has investors once again eagerly eyeing the DeFi market for opportunities. Now, as we saw last year, bear markets have a way of exposing the fraudsters and bad actors like FTX. But sometimes it can take years before bad actors are exposed and punished. One of the projects we've been watching with skepticism for some time is Binance Smart Chain (BSC) and its native cryptocurrency Binance Coin (BNB). Binance Coin did exceptionally well in the last bull market as investors gravitated to the opportunity to get in early on a blockchain that was 1) backed by the largest cryptocurrency exchange in the world, 2) had faster transaction times than Ethereum, and 3) was compatible with Ethereum smart contracts, meaning that many Ethereum projects could quickly be ported to the blockchain. These qualities have allowed Binance to become the second leading blockchain in the world of DeFi, with nearly $5bn USD in value staked on the chain this morning. However, in the wake of FTX, BSC increasingly looks like fool's gold. For one, Binance Smart Chain appears to be a largely centralized blockchain almost entirely controlled by the Binance exchange. What this means is that if regulators were to take action against Binance, they could in theory shut down BSC. On top of this, Binance is not opened source, meaning that it's impossible to know if they have installed a Sam Bankman-Fried style backdoor or are engaging in other fraud/manipulation But despite the problems, users appear to continue to use the chain. To make matters worse, a recent vote by owners of the Uniswap token is proposing to launch the Uniswap exchange on Binance Smart Chain. We would not be surprised if this helped drive up the price of BNB and bring new users to BSC. But, we're not easily fooled. Despite what you may see or hear, we're going to recommend to our readers to avoid Binance Smart Chain (BSC) and Binance Coin (BNB). As we saw over the past two years, the temptation to jump in on exploding trends can be great. Oftentimes, scams can suddenly explode in value, causing investors to forget their good judgment and throw away their hard-earned savings. In my 30 years of investing experience, I have never known anyone to get rich this way... and keep their money. To be clear, we are still very optimistic on the future of DeFi and Uniswap. However, when it comes to DeFi opportunities, we don't believe that Binance Smart Chain and Binance Coin are the right solutions. Our advice is to stay away from BSC and BNB. Instead, focus on DeFi projects that are built on top of Ethereum or other more established blockchains. If you want to see what I DO recommend… reserve your spot at the Insider’s Suite tomorrow. [Click here to reserve your free spot.]( Submitting your email address above automatically registers you for The Insider’s Suite, but does not obligate you in any way to attend the event. By reserving your spot, you will receive event updates. We will not share your email address with anyone. And you can opt out at any time. [Privacy Policy.]( Best, James Altucher For Altucher Confidential New LIVE Demo Video STUNS Crypto Investors In [this short 3:28 video…]( Crypto genius James Altucher reveals his most shocking crypto secret yet… A little-known secret that’s delivered over $1,170 in FREE crypto income per month. If you AREN’T using this affordable little device… You’re missing one of the best, easiest ways to earn real cash with cryptos. [Click here to watch this short 3:28 video NOW.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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