Earlier quoted context omitted.
Basically, the "sanction preventions" Aave is instituting are for show only, in hopes they fool the regulators. They'll annoy and disturb the casual crypto trader but will do nothing to stop the big criminals from money laundering. I hope the developers of these defi lending protocols get hit with the criminal charges next.
Do you also believe artists should be punished if their works of art are used to launder money?
My ETH Wallet is wrongly sanctioned
31–40 of 83 posts
Re: My ETH Wallet is wrongly sanctioned
#32Monero
Re: My ETH Wallet is wrongly sanctioned
#33Earlier quoted context omitted.
This reads entitled and aggressive. There are lots of people with a lot of money in the old banking system who are not tech savvy. They are routinely defrauded and affected by 3rd party fraud. Still, it doesn't warrant labeling them as "having more money than brains". In the case of the article, this is someone who had some money in a centralized exchange (AAVE) which was hacked by a bad actor, and then the breadcrum…
Anyone who put money into an obvious scam isn't a victim.
Hearing and reading it looks pretty obvious... I do think he is a victim.
Re: My ETH Wallet is wrongly sanctioned
#34Re: My ETH Wallet is wrongly sanctioned
#35Earlier quoted context omitted.
When the "artists" have been openly and shamelessly stating, since around 2009, that the entire purpose of their "art" is to aid in laundering money and other crimes? Yes, absolutely.
Did the AAVE developers say that?
Re: My ETH Wallet is wrongly sanctioned
#36Re: My ETH Wallet is wrongly sanctioned
#37Earlier quoted context omitted.
Did the AAVE developers say that?
If they're smart, they wouldn't admit to it publicly. But do you not remember the early history of Bitcoin, and the Silk Road? Nothing's changed since then, except some people got arrested and some haven't yet.
Re: My ETH Wallet is wrongly sanctioned
#38Earlier quoted context omitted.
Well yeah if the art is explicitly designed to make money laundering easy, of course!
Is AAVE explicitly designed to facilitate money laundering?
Re: My ETH Wallet is wrongly sanctioned
#39This is impossible. DeFi is secure, decentralized, and uncensorable. You can't be sanctioned in DeFi! /s obviously
It looks like it is > Interestingly, in the end I was able to withdraw all my funds from AAVE through direct contract calls as illustrated above. So basically the web UI is blocked but people can still use AAVE by sending transactions to the blockchains directly.
Re: My ETH Wallet is wrongly sanctioned
#40Earlier quoted context omitted.
Did the AAVE developers say that?
If they're smart, they wouldn't admit to it publicly. But do you not remember the early history of Bitcoin, and the Silk Road? Nothing's changed since then, except some people got arrested and some haven't yet.
Becomes
> If they're smart, they wouldn't admit to it publicly.
Let me guess. Your favourite castle is motte and bailey?