How Crypto Exchanges Can Steal Your Coins

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In this video, I discuss the collapse of Steem, and how I believe that Justin Sun colluded with large crypto exchanges to steal Steem users' coins.

It is easy for a proof of stake network to devolve into collusion, vote buying, and cartels. This makes any of its security or private property guarantees completely unreliable.

Knowing this history, how can anyone own a proof of stake coin and still sleep at night?

Not investment advice! Consult a financial advisor.

Ethereum Is Banker Coin (Shocking Revelations):
https://www.youtube.com/watch?v=YDmwyyhpqTE&ab_channel=TraderUniversity

Will BlackRock Take Over Ethereum?
https://www.youtube.com/watch?v=T3tkmTByWIg&ab_channel=TraderUniversity

Steemit:
https://en.wikipedia.org/wiki/Steemit

List of STEEM owners who got their coins stolen:
https://cdn.decrypt.co/resize/1536/wp-content/uploads/2020/05/combine_images.jpg.webp

Steem network to seize $5 million from its own users:
https://decrypt.co/29416/steem-network-to-seize-5-million-from-its-own-users

The exchanges collude with Justin Sun:
https://decrypt.co/21108/did-binance-just-help-take-over-steem-network-justin-sun

Ethereum Merge No Longer Expected in June:
https://www.coindesk.com/business/2022/04/13/ethereum-merge-no-longer-expected-in-june/

Old predictions of Ethereum moving to proof of stake:
https://qz.com/1171977/ten-2018-predictions-from-the-founder-of-the-blockchain-research-institute/

Justin Sun bids on Twitter:
https://twitter.com/justinsuntron/status/1514562189545263104

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Ethereum
#ProofOfStake

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