Meme challenge #298 Entry # 1 Is Crypto Censorship bothering you ?

The crypto winter is not over

The inflation and all the fed talk is keeping the bulls away from the markets.
Bet it crypto, equity or precious metal everything is doing poorly.
This leaves little or no place to grow and earn any money.

The Tornado cash saga plays on

Not so long ago wallets associated with a mixing service Tornado cash were banned.
This made life difficult for anyone who had interacted with a Tornado Cash wallet.

This also lead to a number of users sending out crypto dust from tornado wallets to well known wallet addresses in the public domain rendering them useless or difficult to use.

The update to the saga

51% of the ETH Blocks are Under Censorship Threat.
As per the report put forward by MEW Watch 51% of ETH blocks produced a day before were built by so-called “OFAC compliant” MEV-Boost relays.

What this implies is that any wallet staking ETH and which happens to be on the tainted list due to its previous interaction with the Tornado Cash wallet would automatically be excluded from the list of the beneficiaries of the ETH rewards.

how scary is that ?

ETH is the 2nd largest blockchain with a lot of money riding on it.
ETH is supposed to be technically decentralised. If a decentralized entity begins to be influenced by centralized agencies of the fiat world like the OFAC or FED it is a serious threat to the freedom and decentralization of crypto.

If it continues to do so maybe investors money and projects on ETH may begin to move to more decentralized alternatives of ETH.

Talking of alternatives to ETH there are plenty of blockchains ready to dethrone ETH in being more decentralized faster and cheaper in terms of gas price.