Poloniex vs. DigiByte: a delisting due to centralisation? - The Cryptonomist
Tweet attacks are taking place between the Poloniex exchange and the founder of DigiByte, which would have led to the highly arbitrary decision to delist the DGB crypto from the exchange.
After a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced.
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But let’s start with order.
DigiByte (DGB) founder Jared Tate yesterday published a series of tweets in which he wrote, giving some evidence that Tron’s blockchain is highly centralized and as a result had also harshly attacked the Poloniex exchange calling it a “shill factory”.
1/8 Im disgusted by all these #TRON trolls/bots attacking me & hyping a 100% premined & completely centralized network like its the most decentralized gift from god. Now #Poloniex has turned into a $TRX shill factory after making off w/ US customers sensitive data. Fact time:
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Jared Tate also pointed out how the Tron (TRX), which have a supply of 100 billion already mined, 34 billion are in possession of Justin Sun: almost a third of the circulating tokens are then in the hands of the CEO, making the blockchain centralized.
As if that wasn’t enough, Jared Tate also brought into play Litecoin’s creator (LTC) Charlie Lee, who had previously pointed out that Tron’s whitepaper was a copy and paste of other projects, specifically IPFSbot and MineFilecoin, proving once again that the foundations of the blockchain are held up with glue.
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5/8 Chen said this: “Token distribution is centralized, Super Representatives are centralized, code development is centralized. Even the community is organized under centralization.” This is typical for DPoS projects, we call it "delighted proof of shenanigans" in the book.
6/8 Nothing about Tron is unique other than a few gambling apps and the marketing hype and paid Twitter bots. They even copied most of the white paper. With a 100% premine you can afford to pay reporters, listing fees & market makers to wash trade for you. https://bitsonline.com/charlie-lee-blasts-tron/ …
Litecoin Creator Charlie Lee Blasts TRON's "Copy & Paste" Whitepaper
Litecoin (LTC) creator Charlie Lee and TRON (TRX) creator Justin Sun have been trading social media blows as of late. Lee just fired another salvo at the TRON whitepaper.
bitsonline.com
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DigiByte also pointed out that Binance holds 56% of the voting power of the Tron Foundation and this could also allow a coalition of them to control 25 of the 27 Super Representatives of the Tron blockchain.
So, after these tweets, Poloniex decided to delist DigiByte, despite most of the comments mocking Poloniex for how the exchange makes decisions on listing and delisting. In fact, Poloniex in the tweet does not explain why he decided to delist the token, but most likely it’s only for Tade’s tweets.
In short, if Poloniex decided to delist DigiByte for the content of the posts published, surely the exchange shows the correctness of the same, confirming how centralized the entire system is.
Following the news, the value of the crypto has lost about 3%.
The omnipotence of centralized exchanges will be short-lived as more and more DEXs (decentralized exchanges) are developing, which do not hold user funds and cannot decide who and when to list a token.