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> Seriously, this meme about blockchains being "uncensorable" needs to die. Agreed. Cabals of crypto exchanges maintain blocklists of wallets. Eth did a hardfo
by schmichael 4y ago
> Seriously, this meme about blockchains being "uncensorable" needs to die.
Agreed. Cabals of crypto exchanges maintain blocklists of wallets. Eth did a hardfork to recover the stolen DAO money. Most blockchains mempools are an unincentivized piece of infrastructure that if not properly decentralized could censor transactions.
In fact voting on hard and even soft forks is a form of blockchain transaction censorship. Every node/miner/validator/walletapp — every actor in the system - decides whether a transaction is “legal.”
Not to mention most if not all crypto is incapable of running a full node or whatever is necessary for full network participation on phones, so if you are using crypto for mobile transactions you’re probably talking to an intermediary API that can censor your transaction.
For most users, crypto has can be functionally censored by a wide range of actors.