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by LeoPanthera 1407 days ago
Crypto people want to "be their own bank" without the consequences of being their own bank.
1 comments

It looks like they can be

> Interestingly, in the end I was able to withdraw all my funds from AAVE through direct contract calls as illustrated above. So basically the web UI is blocked but people can still use AAVE by sending transactions to the blockchains directly.

The only thing that was censoring his transactions was the website, which is centralized by design.

Basically, the "sanction preventions" Aave is instituting are for show only, in hopes they fool the regulators. They'll annoy and disturb the casual crypto trader but will do nothing to stop the big criminals from money laundering. I hope the developers of these defi lending protocols get hit with the criminal charges next.
> I hope the developers of these defi lending protocols get hit with the criminal charges next.

It's pretty crazy how all the arguments for freedom of speech (and software) go out the window for many people whenever cryptocurrency comes up.

It's pretty crazy how some people think all speech is protected or that running software is somehow protected by the same laws that protect speech.
Developers can write a smart contract without running it on their hardware, the people running it are miners.
Do you also believe artists should be punished if their works of art are used to launder money?
When the "artists" have been openly and shamelessly stating, since around 2009, that the entire purpose of their "art" is to aid in laundering money and other crimes? Yes, absolutely.
Did the AAVE developers say that?
If they're smart, they wouldn't admit to it publicly. But do you not remember the early history of Bitcoin, and the Silk Road? Nothing's changed since then, except some people got arrested and some haven't yet.
Well yeah if the art is explicitly designed to make money laundering easy, of course!
Is AAVE explicitly designed to facilitate money laundering?
By association, yes. All cryptocurrency and "defi" ostensibly has that goal. What is it exactly you think they're trying to "decentralize"?