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The Most Epic Fail in Cryptocurrency History Unleashes ‘Freeze Function’ on Unsuspecting Users – Are You Ready to Lose Your Shirt?

A cartoonish illustration depicting a cryptocurrency token, resembling a coin or chip, frozen in ice with chains binding it. In the background, a cityscape of skyscrapers is visible through frosty windows, symbolizing centralization and control.

Sky’s The Limit for Stupidity: Stablecoins Just Can’t Get It Right.

Source: cointelegraph

Decentralized finance project Maker, which has rebranded to Sky, has seen backlash over its recently upgraded stablecoin, with observers noting it will have a so-called “freeze function.”  Maker’s new stablecoin, USDS, will supposedly have a function allowing its issuer to freeze the token, some online observers noted, who added that it could bring into question the decentralization of the protocol.  “Doesn’t this completely defeat the purpose of the project? Am […]

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