Redphone
@redphone
Few thoughts: - USDC's blacklist capabilities are not all that different from holding dollars in a bank account... govts can seize that money at any time (if that's the case, speed, low fees and accessibility make USDC superior to "bank" dollars) - From what I've seen, blacklisting has been rare and deployed only in the most extreme and obvious of crimes - It's not in their interest to blacklist without overwhelming proof as it breaks trust in the system - I think of $USDC as a trojan horse getting everyone to move to crypto rails, building up their knowledge and expanding their investment opportunities - In some countries, blacklist risk is far lower on the priority list than having an alternative to a shitty local fiat that's bleeding them dry (i.e. Argentina & Turkey)
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确膹饾悰饾悰
@jennadixon.eth
Appreciate the reply and the thoughts. Am part of a long-time governance study group (@yak) and am thinking governance thoughts. Exchanging one inaccessible-but-governmental money master for a privately-held blackbox money master still seems like the kind of decision could regret down the road How little blacklisting they鈥檝e done so far is no indication of the future. Recourse will always be difficult. Having an alternative to a shitty local fiat is a big big win for now 馃挴
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