I've been in crypto since early 2011, and I develop smart contracts. Not quite an OG, but I know what is going on. So when a friend offered to send me USDT I looked at the contract. An instant WTF.I had never used Tether before, so I didn't realize that Tether has a blacklist function and can arbitrarily steal your money whenever they feel like it or are pressured to. I am the 1% of crypto users in terms of knowledge and I didn't know, so I'm sure many others never considered this. Many who probably use Tether thinking it is like any other standard token.I can't say this enough to newcomers in this FOMO runup...Read the contract! If you don't understand it, don't complain when something bad happens to you. Everyone can understand what is going on with a little bit of effort. Besides CryptoZombies, I highly recommend Program the Blockchain, and Capture the Ether for learning solidity and smart contracts.
Submitted July 04, 2019 at 05:07PM
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