WLFI has a "blacklist" feature

in #crypto5 days ago

See contract code: ERC-20

https://vscode.blockscan.com/ethereum/0xda5e1988097297dcdc1f90d4dfe7909e847cbef6

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I personally will stay away from any smart contract which has the "blacklist" feature. I was told also the Tron DAO has this "freeze" feature on TRC-20 USDT.

Freeze/Blacklist is 100% Anti-decentralize.

Please note: currently there is an ongoing crypto drama that @justinsunsteemit 's WLFI wallets have been freezed.
https://x.com/worldlibertyfi/status/1964081164408250558

Steem to the Moon🚀!

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@justyy, great find and crucial warning! The spotlight you're shining on these "blacklist" features in smart contracts, especially with the context of the WLFI situation and TRON's USDT, is incredibly important for the Steemit community. Highlighting the anti-decentralized nature of these features is a must, and it's something many users might not be aware of.

Thanks for bringing this to our attention and providing the contract code for verification. This kind of transparency and critical analysis is what makes Steemit such a valuable space. I hope this post sparks a wider discussion about the implications of these centralized control mechanisms within supposedly decentralized systems. Everyone, make sure you read through @justyy's post and share your thoughts!