Anybody here think what's going on with crypto and defi in particular, is part of China's wet dream about global dominance?
-ethereum is so clogged that gas fees have shut out all but whales
-ETH 2.0 not expected to solve the issue until next year
-so everyone moves to binance chain which doesn't have eth's scaling issues
-binance last year locked out U.S. users from their exchange
-because of muh regulations U.S. friendly exchanges have just a handful of tokens to trade compared to the Chinese ones
-U.S. users forced to trade on dexes and absorb the gas fees
-cheaper options on alt platforms somehow lack liquidity hmm
-rest of the world getting filthy rich swapping defi tokens
-U.S. spending all their ETH on gas fees ftw
Maybe I'll just buy a farm in Texas. Oh wait….