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The title says it. Is the reason behind this decentralization or do other considerations play?
Bonus question: Would you rather own a digital commodity or a digital security?
In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company's personnel count soared to over 230.
According to AFR, the CEO of BANXA, Holger Arians, said in a letter to employees, “Banxa must take decisive actions to reduce costs now, or else our company won’t be able to succeed over the long run."
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Did CoinFlex need to put themselves in the position of being the bridge between BCH and SmartBCH? How much did they actually gain financially by doing this? I assume not a lot. They could have let SmartBCH flop but they stuck their head out in support of BCH.
How this sub is treating CoinFlex feels like how the maxi's treated Coinbase after Coinbase supported BTC for so long.
Don't get me wrong it's terrible they halted withdrawals, but ya'll are so short sighted.
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