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For now, until they decide to "pause" the blockchain like Terra. Stablecoins are centralized and your ability to use them is entirely dependent on the central a
by sumeno 4y ago
For now, until they decide to "pause" the blockchain like Terra. Stablecoins are centralized and your ability to use them is entirely dependent on the central authority letting you.
- out_of_protocol 4y ago> "pause" the blockchain Good luck stopping Ethereum > Stablecoins are centralized Only some, like USDT, USDC. Just google what DAI is and how it managed.
- ironlake 4y agoCan Ethereum Classic be stopped?
- whimsicalism 4y agoNeither can be stopped unless you control the miners, what do you mean?
- tromp 4y agoIt can be effectively stopped as long as you control 51% of its hashrate. Then you can just keep appending empty blocks to your longest chain...
- sumeno 4y agoFine, there's one that's a DAO instead of a central authority, it's hard to keep track of all the different flavor of crypto scams. This one will collapse when a bug is found and someone gains full control instead.
- whimsicalism 4y agoyou can't halt Ethereum, the only central authority is the dao