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Memecoin Dogecoin's co-creator - Billy Marcus - thinks that if Binance or Tether go down, it could be "pretty much game over."
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The American software engineer also noted that a growing number of people are realizing that too much centralization is a "great weakness".
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For anyone worrying about Binance and/or Tether collapsing, if either it's pretty much game over
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It's good that more of you are finally figuring out what this whole thing is about and how centralized stuff is a huge ol' weakness, but it was like that when you bought too
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The former CEO of Twitter - Jack Dorsey - was among those who agreed with Nakamoto's notion.
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He added that such a potential recession would undoubtedly be "game over for the Games
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Nevertheless, the creator of DOGE believes that the potential adverse event would not mean a "crypto dice" but would instead trigger a "Big Mega Mondo Market Crash".
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Nearly every disruption in the past, including the recent fiasco with FTX, has prompted severe market declines and panic among crypto participants.
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The uncertainty has even caused critics to declare bitcoin "dead".
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Despite having "died" over 460 times, the primary cryptocurrency is still around and continues to expand its presence around the world.
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