Recovery Seed Backup Devices

How do we know that Pancake Swap isn't run by the North Korean Government?

Who run Pancake Swap?

Do you know who actually runs Pancake Swap and makes money of Cake coin?  I assume its the guys from Binance but you never really know.  What if it was a North Korean backed project or a Iranian project?  In theory the US should be saying that we can't use it and blocking it if it was run by what the US considers a Rogue state.

If I was a country with a lot of money and computer resources, I would definitely create an Ethereum competitor.  I would make such a great blockchain that people used it and allowed me and my country to be part of the world economy without really knowing about it.

I assume all of the world leaders are doing this but you never know.  I think governments should be embracing blockchain like El Salvador.  They are going to make so much fricking money.  Also, now attacking Bitcoin is attacking El Salvador.  As soon as more countries join, it will become too big to fail.

In Venezuela, as recent as 2018 the government created their own cryptocurrency, which uses blockchain technology. The coin is named Petro, but the problem with these currencies created by governments that don’t have the trust of the international community is that it is very difficult to rely on them. People don’t really feel engaged to the idea of exchanging and investing in cryptocurrencies owned by States that have a record of imposing so much controls over their economies and citizens.

Moreover, in those states that are currently in political and financial trouble with the western world, such as the case of Venezuela, which has been sanctioned by the US, Canada, and the EU due to human rights violations and excessive political control, there is little trust that can be placed in their internal markets. There is fact a lot of ground to believe that Venezuela’s government uses its “Petro” as a way of laundering money.

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