When a platform can just take control of something like WSB without real consequences, makes you wonder—what's stopping them from touching your assets?
The whole situation shows why centralized control is such a mess. You build something, grow a community, and then someone else decides they own it because of some terms buried in page 47 of an agreement nobody reads.
This is exactly why people keep talking about custody and ownership in crypto. Your keys, your coins isn't just some catchy phrase—it's the difference between actually owning something and just renting permission to use it.
Think about it: if a major platform can grab a community with millions of users overnight, traditional portfolios sitting in centralized systems aren't exactly safe either. Not your keys, not your money. Not your server, not your community.
Decentralization isn't perfect, but at least nobody can wake up one day and decide your stuff belongs to them now.
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FOMOSapien
· 1h ago
Really, looking at that WSB incident is terrifying; the platform just shuts down when they say so, what about our coins?
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BuyHighSellLow
· 1h ago
Centralized platforms are really outrageous; they can seize assets without warning. It feels like our coins are not safe at all.
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SellLowExpert
· 1h ago
Indeed, a platform can ban your community overnight, and this logic is even more terrifying in the crypto world.
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SelfStaking
· 1h ago
The platform can wipe out your entire savings overnight, what is this called the spirit of web3...
When a platform can just take control of something like WSB without real consequences, makes you wonder—what's stopping them from touching your assets?
The whole situation shows why centralized control is such a mess. You build something, grow a community, and then someone else decides they own it because of some terms buried in page 47 of an agreement nobody reads.
This is exactly why people keep talking about custody and ownership in crypto. Your keys, your coins isn't just some catchy phrase—it's the difference between actually owning something and just renting permission to use it.
Think about it: if a major platform can grab a community with millions of users overnight, traditional portfolios sitting in centralized systems aren't exactly safe either. Not your keys, not your money. Not your server, not your community.
Decentralization isn't perfect, but at least nobody can wake up one day and decide your stuff belongs to them now.