My ETH Wallet is wrongly sanctioned
depression2022.substack.com
My ETH Wallet is wrongly sanctioned
1–10 of 83 posts
Re: My ETH Wallet is wrongly sanctioned
#2This is impossible. DeFi is secure, decentralized, and uncensorable. You can't be sanctioned in DeFi!
/s obviously
Re: My ETH Wallet is wrongly sanctioned
#3Crypto people want to "be their own bank" without the consequences of being their own bank.
Re: My ETH Wallet is wrongly sanctioned
#4"Code as law" isn't so great, is it?
Re: My ETH Wallet is wrongly sanctioned
#5I thought the De in DeFi was to avoid the possibility of being subject to an "authority". Hence the cute acronym.
Re: My ETH Wallet is wrongly sanctioned
#6I have nothing positive to say about this article.
I giggled a little at reading it... A dude with way more money than brains is mad that "decenteralized finance" is decenteralized and can do whatever they want?
The guy then admits to losing a quarter of a million; you'd think that'd be enough of a penalty for him to realize that maybe he should take his remaining money out, but nope.
Gee. Who could've imangined that there's logical reasons for most financial regulations?
Re: My ETH Wallet is wrongly sanctioned
#7No post body was provided.
Re: My ETH Wallet is wrongly sanctioned
#8"Code as law" isn't so great, is it?
Considering they could interact directly with the contract with no problem, that aspect worked out great.
Re: My ETH Wallet is wrongly sanctioned
#9Ignoring all the obvious jokes here about banking without regulations and throwing good money after bad, I'm interested in the technical aspect of such bans and had some trouble finding resources. The author says "blocked by DeFi protocols such as AAVE and Uniswap." What does this actually mean? I found Uniswap's FAQ on this ( https://help.uniswap.org/en/articles/6149816-address-screeni... ), but I'm not sure what it means to be a blocked address. Is it just that certain companies won't execute transactions directly with those addresses? Is the author somehow prevented from trading their ETH?
Re: My ETH Wallet is wrongly sanctioned
#10Crypto people want to "be their own bank" without the consequences of being their own bank.
It looks like they can be
> 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.
The only thing that was censoring his transactions was the website, which is centralized by design.