It’s not that we don’t trust CZ or Binance, it's the fact that we don’t trust anyone.
The whole point of bitcoin is we now have an asset that is truly the liability of no one. Verify the ownership of an open distributed network with cryptography; don’t trust permissioned IOUs. With the mix of regulatory concerns about the global crypto derivatives industry, a questionable exchange token with unbelievable relative performance over the last two years and a shaky proof-of-reserves attestation — that was incorrectly claimed to be an audit and had industry CEOs raising eyebrows — we find the need to urge our readers to evaluate their counterparty risk.
I read a quote attributed to Warren Buffet, it said "be wary when people are greedy, and be greedy when people are wary" it was in regard to the share market boom and busts.
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