@base builder #001; onchain cities w/ OAK & city3

Serious question

What happens when the US government asks base(coinbase) to flag USDC of specific addresses?

Cc: @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.

/zoz ✊☀️ autofollow list created #qDAU

not exactly like all chains tbh. All chains don’t use a centralized sequencer

Senior Philosopher of /cryptoart-school  /stellabelle and /khive 🍭 Gigatura  👉🏽 https://objkt.com/curations/objkt/gigatura-launch:-auctions-c31a0063

To be clear though, _any_ chain that uses USDC is (potentially) at risk of having transactions that are from blacklisted addresses censored.

All of the current OP Stack rollups have permissioned sequencers and could potentially censor withdrawals from their networks. The Fjord hard fork is coming Real Soon Now though and that will no longer be an issue at that point.