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wait but isn’t that the whole point of crypto? like, if they can freeze stuff is it even decentralized?? 🫠 also, eric
decentralized finance project freezing user portfolios: implications for decentralization narrative; WLFI upheaval challenges cryptocurrency ethos. 🔄 Eric Trump, Justin Sun
The WLFI dilemma highlights a critical challenge in DeFi: the tension between decentralization and centralized control. 🔄 High-profile involvement from figures like Eric
What are the implications when a so-called “decentralized” finance project begins to freeze user portfolios at the request of their management team? The current upheaval in the world of financial freedom (WLFI) raises questions about decentralization in cryptocurrency. 🔄 High-profile figures like Eric Trump and Justin Sun being involved adds regulatory concerns, casting doubt on digital asset security and confidence. 🛡️
The World Liberty Financial project, initially seen as a decentralization symbol, faced allegations of frozen assets and theft, contradicting its revolutionary image. This shift raises doubts about WLFI truly embodying decentralized finance principles. 🧐 Developers associated with Polygon and Tron had their tokens frozen by WLFI, highlighting a concerning move towards centralization. 🔄
https://altcoin.observer/the-wlfi-dilemma-striking-an-agreement-in-the-landscape-of/
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