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What gas-fees is Tether paying to update the smart-contact with a new list of banned addresses? Less than the amount of dollars cancelled I guess, but need that be true?

Is there a hack here to get enough addresses banned they have to lock up the blockchain with banning addresses?
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Hazey 2y ago

I think you answered your question. They can just call an API to see if an address is banned. It's easy peasy when it's centralized.

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Pre 2y ago

🤔 Seems hardly any point in it being on-chain at all then if every request to move one ends in a call to a central Tether server.

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Hazey 2y ago

Yes, it's decentralization theatre