Cory Klippsten calls Coinbase chain decentralization into question
@coryklippsten: Klippsten questions Coinbase chain
Cory Klippsten, CEO of Swan Bitcoin, criticizes the decentralization claims surrounding Coinbase's blockchain. Klippsten took to Twitter to express his skepticism, suggesting that the inclusion of know-your-customer (KYC) measures and trading pools diminishes the true spirit of decentralized finance.
He argues that the broader cryptocurrency industry, excluding Bitcoin, often misrepresents core decentralization principles. According to Klippsten, the industry's reliance on centralized exchanges and regulatory compliance undermines its revolutionary claims. He advocates for Bitcoin as holding the truest form of decentralized financial ideals, contrasting it with other blockchain initiatives.
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In the previous news, tweet author Cory Klippsten discussed concerns about the decentralization of DEX protocols and their links to North Korea.
