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Random crypto influencer or DeFi project: "centralised stablecoin are bad. They can freeze addresses. We stand for decentralisation." Random influencer or DeFi: gets hacked. "Hey bro. Big fan bere. So..."
You can get insurance to cover any potential smart contract failures from a community-powered insurance pool @NexusMutual.https://twitter.com/BatmanDeFi/status/1280858287190073345?s=20 …
Countless DeFi platforms; but only ONE decentralized, community-powered insurance protocol
$2.1B TVL in ????? ahah
So freezing addresses is not big of a deal to you? Don't we have enough banks already with total control of our funds?
defi = bubble
If you couldn't blacklist addresses wouldn't that be regulatory suicide? You couldn't just say "oh well, nothing we can do" for proven stolen funds?
RIP USDT
Upcoming solution for that problem. Check $dero - they’re about to release ‘full homomorphic encrypted’ smart contracts. Issue usdt, lose track. Fungible & unconfiscatable. https://medium.com/deroproject/dero-monthly-update-6b0a1f3d601c …
People afraid that freezing will be abused by government.Imagine i hold my 500k hard earned usdt and some corrupted guy from KGB get my adress and blackmail me to give him 100k for leaving me alone. He send you official request that im fraud/drug dealer, u freeze my account 4ever
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