Oh so you're saying a central authority can declare your currency worthless at any time? Good to know. Sounds very like a central bank issued currency though?

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codedokode 2 hours ago | parent | next [-]

It's literally in USDT contract [1], see line 264. USDT is implemented as a contract in several other networks like ETH and has a blacklist. So every USDT operation is a record in ETH blockchain that calls one of the methods (like "transfer" or "add to blacklist").

[1] https://etherscan.io/address/0xdAC17F958D2ee523a220620699459...

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cowlevel 2 hours ago | parent | prev [-]

Stablecoins are literally central banks. Decentralised coins are literally decentralised central banks. Bitcoin's algorithm is a central bank.

	▲	grey-area 2 hours ago \| parent \| next [-]
		Well I don't think they're very decentralised, which was the original premise. Any rules can and have been changed by those with leverage to do so (be that exchanges, miners or devs), in the end any system like this storing value is captured and controlled.
	▲	icepush an hour ago \| parent \| prev [-]
		Decentralized central banks - are these the finance equivalent of dehydrated water ?