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jwpapi • yesterday at 11:05 PM • 8 replies • view on HN

Freezing crypto is so disgusting to me I don’t know…

Like the whole point of crypto to me I money without central governance.

I never liked stable coins or the concept of it and it’s mainly a huge fraud, so freezing just adds on top.


Replies

casualscience • today at 4:58 AM

That's not the whole point at all. And there are truly wild west cryptos, but most people want some trustworthy regulatory body, whether it's a government or not, backstopping their funds when they get large enough.

For instance to unwind a 5 billion dollar robbery

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hoppp • yesterday at 11:22 PM

Stablecoins are fiat on-chain and they are legal so they need to have the freezing mechanism in the smart contract otherwise they could go to jail.

So crypto + legal company means not really following bitcoin ideology anymore

maccam912 • today at 3:00 AM

At least a motivated person could audit the smart contracts on this. It isn't like it's a surprise when it turns out it's possible to freeze these coins.

tjwebbnorfolk • today at 5:23 AM

this isn't crypto, it's US dollars with a techno-wizard sheen on the top for no reason

paulpauper • today at 12:16 AM

governments, banks freeze currency all the time

ajross • today at 5:06 AM

> Freezing crypto is so disgusting to me I don’t know…

The feature literally appears to have just saved over two billion USD from being stolen! I mean, fine, "disgusting" is subjective. But the need for the feature is real and quantifiable (and very large) and it did what it advertised.

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DonHopkins • today at 6:01 AM

It's so sad that it's inconvenient for you to commit fraud and tax evasion and pyramid schemes and rug pulls.

My heart goes out to you, along with these two definitely not Nazi salutes.

napierzaza • today at 5:06 AM

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