Paxful, a leading peer-to-peer (P2P) cryptocurrency platform based in Africa, will delist Ethereum (ETH), the second largest cryptocurrency by market cap.
Ray, CEO of Paxful Youssef December 21 sent by the exchange to its customers on in a notification e-mail, December 22 announced that they were delisting Ethereum from the platform. The CEO, by causing the radical decision, “Ethereum’s transformation into a class cryptocurrency” he showed.
Income is good, but honesty takes precedence
In the CEO statements, the biggest problem of the world economy is class distinctions claimed it was. While stating this situation, a state policy in which racism was accepted as legal in South Africa between 1948 and 1994. “Apartheid” His use of the word was remarkable. Bitcoin (BTC) economy classifying This unjust Expressing that there is a door of hope for people in the system, Youssef said that Paxful is an understanding of economy. unjust by the side damage seer people for He said he founded it. The CEO also made the decision to delist Ethereum within the scope of this thought underlined that.
Lost Its Libertarian Structure
Youssef, Ethereum from a proof-of-work system (PoW) to a proof-of-stake system (PoS) passing it basically from a libertarian coin to a digital fiat that you turned into stated.
Not Decentralized
Another reason the CEO is crazy is that Ethereum central structure stated that. Youssef argues that Ethereum is a centralized cryptocurrency, unlike Bitcoin. small a group that it’s controlled by and one day to use it we will need permission He claimed.
It Caused the Sector to Lose Its Reputation and People’s Wealth
Ethereum credit and debt in some real use cases, such as beneficial However, in the expanding cryptocurrency market, this is no longer to become insignificant Notably, the CEO said that many Ethereum-based tokens scam people and their wealth that you destroyed stated. In addition, these useless tokens your reputation to lose It was also among the statements of Youssef.
In the letter to the CEO, small and a lot popular non- that they know they are a platform but true they believe to be He stated that they would not hesitate to do anything. caused by Ethereum and other tokens of disaster gigantic Youssef, who claims to be promised to put the vision before profit.