Topic: Should Ethereum Add the "Frozen Wallet" Feature for Certain Adresss? - page 2. (Read 269 times)
November 04, 2019, 04:30:49 PM
On the one hand, it would be useful. But on the other hand, hardly anyone wants such a function to appear. After all, in cryptocurrency, it is appreciated that each user manages his wallet and his funds. And if someone the third will have to them modicum what the access, then this will cause negative reaction.
November 04, 2019, 04:28:30 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
I do not doubt if Ethereum add any crazy feature like frozen wallet and people who have a minimum common sense will avoid them like a plague as there is no guarantee that my funds will be safe if they add any feature like that and even if without those feature i am not trusting the coin any further because of the developers action in the past and how they are handling the development. 
November 04, 2019, 03:19:41 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
What do you think?
This is of course cool,but in this case, the ethereum team will have to invite an entire Department to work.After all, who will be engaged in auditing and problem solving? What do you think?
November 04, 2019, 02:53:54 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
What do you think?
What do you think?
As transactions wouldn't be permissionless anymore, it would just be probably used by governments to pressure anyone having that power to block everything the government wants.
The freedom owning your own coins is the whole basis in this space, if you take it away from someone, someone will most probably take it away from you at some point.
Its going to be the case if a team of a project has the kind of smartcontract. The project being this controlled is not going to be welcomed by the community. XRP being centralize is even opposed by the community even without this freezing feature so you can compare your wallet as a bank account in the real world for they can freeze it when any activity they just suspect.
November 04, 2019, 02:46:26 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
What do you think?
What do you think?
As transactions wouldn't be permissionless anymore, it would just be probably used by governments to pressure anyone having that power to block everything the government wants.
The freedom owning your own coins is the whole basis in this space, if you take it away from someone, someone will most probably take it away from you at some point.
November 04, 2019, 02:27:02 PM
nope, not a cool idea
November 04, 2019, 02:19:54 PM
Are you sure? what is the advantage of this. just because it can freeze the funds that are on the wallet, then this looks amazing. I think if Ethereum implemented this feature on the platform it would only conclude a new problem.
and I don't agree with this. if indeed they want to implement this feature. why is there a blockchain and decentralization?
and I don't agree with this. if indeed they want to implement this feature. why is there a blockchain and decentralization?
November 04, 2019, 02:13:16 PM
Nah. In the past, I have seen many erc-20 token developers who can lock their tokens and this hasn't been accepted by investors. Developers with the ability to lock tokens were treated as scammers. That's how investors would also treat ethereum devs like Vitalik if they ever implement a "frozen wallet" feature.
yes you're right, when there are projects that lock their tokens, many investors blaspheme. what else if there is this feature. there may be many investors who no longer believe in ethereum.
frozen wallet is not a solution. it can't even solve the existing problem. might look good because hacked funds can't be used. but we still don't know who hacked and how to return the funds to the original owner.
November 04, 2019, 02:01:49 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
What do you think?
What do you think?
No, this is wrong. It will compromise the whole idea of crypto-currencies and the paradigm of your keys = your coins.
I wouldn't give a satoshi for coin where somebody somewhere could decide to lock my own coins.
November 04, 2019, 01:52:32 PM
there would be a reason for investors not to trust the team when they have that feature. i for once would consider my cryptos be lost if i lose the access or hacked by someone. you can't really trust a developer who would add such feature since they can just accuse anyone and lock the wallet. hell they are even postponing to add the tokens to the exchange listing just to hold bounty hunters from dumping and this means they aren't up to pay them for the marketing services they got from the bounty hunters - consider them scam.
November 04, 2019, 01:42:06 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
What do you think?
What do you think?
Ethereum can't control tokens issued in it's platform but it does provide them with necessary tools to program themselves according to the need.
Tokens issued in ethereum platform can create the function to freeze accounts with smart contracts and it can be used in the case of large hacks. Disintegrating the hacked token and minting new could be possible.
November 04, 2019, 01:41:25 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
What do you think?
What do you think?
I am not sure how feasible this would be. However, they can introduce some kind of lock mechanism for our wallets. Like even if the secret code is leaked to some strangers, this lock should protect the coins in that wallet. Or make sure to have 2FA sort of things for wallets with certain number and above ETHs. or in USD values.
November 04, 2019, 01:37:43 PM
Nah. In the past, I have seen many erc-20 token developers who can lock their tokens and this hasn't been accepted by investors. Developers with the ability to lock tokens were treated as scammers. That's how investors would also treat ethereum devs like Vitalik if they ever implement a "frozen wallet" feature.
November 04, 2019, 01:11:29 PM
As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.
What do you think?
What do you think?
Jump to: