"It's natural, if it's not important, throw it away," he answered.
Investors must have been on edge when global peer-to-peer* cryptocurrency platform Paxful suddenly removed the world's second largest digital asset Ethereum (ETH) from its service.
*Connecting buyers and sellers from all over the world.
The Chief Executive Officer (CEO) of Paxful, Ray Youssef reportedly issued the statement on his Twitter account after sending a message to nearly 11.6 million users of the platform.
He acted as such following concerns about the potential of the ETH ecosystem after it moved from proof of work (PoW) to proof of stake (PoS).
From this action, Paxful also wants to achieve the objective of maintaining the integrity of its platform and fighting the worldwide "economic apartheid*" driven by the fiat financial system.
*Threatened economically by the synergy between black workers and white capitalists.
Youssef believes that PoS is not decentralized and will make ETH "a form of digital fiat" compared to PoW which has proven its success through the achievement of the largest cryptocurrency Bitcoin (BTC).
In general, Youssed is a staunch supporter of BTC even though the price of the digital asset had previously plummeted following the FTX crisis in November 2022.
Youssef is reported to have encouraged investors holding BTC to move their assets to self-custody storage*.
*Freely store crypto assets in a wallet without the need for a third party
