Crypto-Twitter has gone after Nic Carter, a prominent Bitcoin (BTC) advocate, for his involvement in Dynamic, uA third-party wallet authentication project that could potentially prevent wallet transactions from taking place if a wallet is categorized as risky.
In a tweet, Carter shared his enthusiasm for backing the project, tweeting Dynamic’s announcement of a recently completed $7.5 million fundraiser led by Andreessen Horowitz (a16z). Following this, users took to Carter’s Twitter, expressing their disappointment at the move.
Twitter user Lifetheuniverce plot that what Dynamic is creating is the “antithesis of what Bitcoin was created for.” The Twitter user said that the community needs less permissions and supervision. According to Lifetheuniverce, they should be allowed to transact without any potential “vetoes” by third parties.
Samson Mow, the CEO of JAN3, a firm that supports the adoption of Bitcoin, critical Carter saying the move is “not something to be proud of.” In addition to this, Twitter user Benthecarman also mocked of Carter for supporting what he claimed was “survival software”.
Despite the criticism, Carter kept up firm, responding to the accusations on Twitter. He also called critics of him irrelevant and asked those who disagree with his investments to simply unfollow him on the social platform. “If you have a problem with what I or my company invest, please go ahead and unfollow us”, tweeted.
Begining of June, Lending platform Solend has approved a plan to take over whale wallets to prevent a Solana whale liquidation that could trigger the implosion of decentralized finance (DeFi). However, due to the reaction of community members, the project decided to create a second vote to invalidate the initial proposal.
Instead of taking control of the whale wallet by force, the Solend team has decided to coordinate with the whale to find solutions such as transferring part of the debt to another DeFi platform called Mango Markets.
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