Re:The Ethereum Price Drop: A Fundamental Analysis
by hudon on Wednesday December 12, 2018 @03:22AM
(#18662255)
If you’re not willing to send money to an address because you’re afraid of the repercussions, you’re being censored.
I worked on crypto for many years and over time I realized meaningful problems were better solved by building trust, not running away from it. Further, tech can’t replace trust: humans own the network, not the other way around.
November 28 press release announcing the two addresses added to the OFAC list: https://home.treasury.gov/news/press-releases/sm556
Blockexplorer for address 1: https://www.blockchain.com/btc/address/1AjZPMsnmpdK2Rv9KQNfM...
Blockexplorer for address 2: https://www.blockchain.com/btc/address/149w62rY42aZBox8fGcmq...
Note that both have confirmed transactions occurring after November 28.
Now, I of course have no interested in sending a transaction myself since that's illegal under U.S. law, but that does not mean the network itself can be censored.
(On a side note: how did you go from working at Coinbase to being such a crypto hater? I understand if you don't want to answer that, I was just genuinely curious.)