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This has the potential to be a major problem for the upcoming merge. If OFAC regulations hit major public companies like Coinbase & LIDO etc., they may start ce
by ypeterholmes 4y ago
This has the potential to be a major problem for the upcoming merge. If OFAC regulations hit major public companies like Coinbase & LIDO etc., they may start censoring transaction at the base layer (not in a DAPP). And given that they represent the majority of stake currently, ETH would effectively no longer be a decentralized project.
- dgs_sgd 4y agoComplicating the problem is at least one large validator (Coinbase) has stated that they would shut down their staking business instead of sanctioning at the base layer [1] [1] https://twitter.com/brian_armstrong/status/1560016827253551104 https://twitter.com/brian_armstrong/status/15600168272535511...
- RcouF1uZ4gsC 4y agoWe will see what really happens when it comes to that. It is easy to do one thing hypothetically, another to do it in real life.