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@zoz.eth
Serious question What happens when the US government asks base(coinbase) to flag USDC of specific addresses? Cc: @jessepollak
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jesse.base.eth 🔵
@jessepollak
circle runs USDC and has an explicit blacklisting policy in their terms of service: https://www.circle.com/en/legal/usdc-terms#:~:text=Blacklisting,permitted%20under%20the%20blacklisting%20policy.. it's the same on base as any other chain.
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stellabelle🎩
@stellabelle
not exactly like all chains tbh. All chains don’t use a centralized sequencer
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@mrmemes.eth
To be clear though, _any_ chain that uses USDC is (potentially) at risk of having transactions that are from blacklisted addresses censored.
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@zoz.eth
I guess the responding question regarding base would be ok let’s swap USDC for ETH. What would happen if the US gov asked base(coinbase) to blacklist those wallets
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@mrmemes.eth
That’s where my other comment applies. Any OP Stack rollup is capable of censoring withdrawals for the time being. https://warpcast.com/mrmemes.eth/0x83e4133e
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@zoz.eth
Agree. But coinbase as a public company is going to have a tough road ahead even if a decentralized sequencer was available. From what I see though, doesn’t matter much because customers don’t care. It’s gonna be interesting to see but either way base is doing a good job trying to
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