ETH chain is most stained and vulnerable than BTC's. But, DEX provides nothing except SWAPs and Liquidity services. CEX's are custodian with no guarantee.
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ETH chain is most stained and vulnerable than BTC's. But, DEX provides nothing except SWAPs and Liquidity services. CEX's are custodian with no guarantee.
You are missing the point. Even DEXs can blacklist wallets if they are forced to, I OWN a DEX myself, I know how the swap and liquidity contracts work. There is always an admin key that has control. Did you not see what happened with Tornado Cash? Everything on an EVM chain can be tracked and traced. If they go to Tether or USDC, that can be straight up blocked. Same thing can happen with BTC if going through centralized exchanges.
My original point still stands, BTC, ETH, or really any other transparent coin IS NOT FUNGIBLE if a UTXO or transaction can stand out like that.
Bro, I have been in this space on so many levels for many years at this point, lol. You are not talking to a newbie.
Explain this point please.
I means that they can block addresses and transactions at contract level for USDT and USDC, it's been done a few times already. Exchanges have already blocked and frozen BTC transactions in the past because those particular sats were involved with 'criminal' activities in the past. If they can pin point these coins and transactions, then these coins are not fungible. I don't know how much more clear I can explain it.
I've got it now. I was thinking on the technical side of that but now all good. Thank you
I just know that you are an owner of a DEX and I must learn new things about crypto from you like I follow your mining projects.
I had lost my funds in metamask transactions,
My apologies, I have taken some of your responses the wrong way, so I feel I have been a bit snappy in my tone. But that's also just been me lately and I am realizing it. Lost my father recently and I haven't been myself.
If you are really wanting to learn, I am happy to help. I can also see that English is not your native language, so I will do the best I can in getting my points across.
You put me in tears. I have also lost my beloved mother a few weeks ago, so we have same feelings.
No worries, I treat you as my friend, so no issues. I'll ask you about trading, if I have any query.
Well, it wasn't Metamask's fault. Who did you send the funds to? Metamask is just a wallet. The only way you lose funds from there is you delete the wallet and without knowing your seed phrase or private key, or you send the funds to someone else.
I was new to crypto and used same wallet on different websites including opensea. But, one day I opened the wallet and saw no balance, then transferred some funds from Binance I guess, but they appeared for a while and then disappeared.
then I left that account because whenever I sent funds to someone they rather moved to same address of a hacker. I could recover any funds.
That's the nature of it crypto. There are no recovery of funds. When you send it, it's sent. There is supposed to be no stopping it. That's been a big problem with the UX of crypto as a whole and hasn't really been solved. Hive has done a good job with the human readable addresses, and it boggles my mind why more people don't look at that fact.
That's harsh truth about crypto unlike banking system, they are gone forever. Readable or not, but the crypto trx is trackable but we not know or trace the human behind it in general.