Should Ethereum Add the "Frozen Wallet" Feature for Certain Adresss?

[ableh]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

[Bttzed03]

Nah. In the past, I have seen many erc-20 token developers who can lock their tokens and this hasn't been accepted by investors. Developers with the ability to lock tokens were treated as scammers. That's how investors would also treat ethereum devs like Vitalik if they ever implement a "frozen wallet" feature.

[nxnqauff]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

I am not sure how feasible this would be. However, they can introduce some kind of lock mechanism for our wallets. Like even if the secret code is leaked to some strangers, this lock should protect the coins in that wallet. Or make sure to have 2FA sort of things for wallets with certain number and above ETHs. or in USD values.

[Yudhisthir]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

Ethereum can't control tokens issued in it's platform but it does provide them with necessary tools to program themselves according to the need.
Tokens issued in ethereum platform can create the function to freeze accounts with smart contracts and it can be used in the case of large hacks. Disintegrating the hacked token and minting new could be possible.

[electronicash]

there would be a reason for investors not to trust the team when they have that feature. i for once would consider my cryptos be lost if i lose the access or hacked by someone. you can't really trust a developer who would add such feature since they can just accuse anyone and lock the wallet. hell they are even postponing to add the tokens to the exchange listing just to hold bounty hunters from dumping and this means they aren't up to pay them for the marketing services they got from the bounty hunters - consider them scam.

[BigBoy89]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

No, this is wrong. It will compromise the whole idea of crypto-currencies and the paradigm of your keys = your coins.

I wouldn't give a satoshi for coin where somebody somewhere could decide to lock my own coins.

[aprilnot]

Nah. In the past, I have seen many erc-20 token developers who can lock their tokens and this hasn't been accepted by investors. Developers with the ability to lock tokens were treated as scammers. That's how investors would also treat ethereum devs like Vitalik if they ever implement a "frozen wallet" feature.

yes you're right, when there are projects that lock their tokens, many investors blaspheme. what else if there is this feature. there may be many investors who no longer believe in ethereum.

frozen wallet is not a solution. it can't even solve the existing problem. might look good because hacked funds can't be used. but we still don't know who hacked and how to return the funds to the original owner.

[takngantuk]

Are you sure? what is the advantage of this. just because it can freeze the funds that are on the wallet, then this looks amazing. I think if Ethereum implemented this feature on the platform it would only conclude a new problem.

and I don't agree with this. if indeed they want to implement this feature. why is there a blockchain and decentralization?

[ihabhamed]

nope, not a cool idea

[o48o]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

As transactions wouldn't be permissionless anymore, it would just be probably used by governments to pressure anyone having that power to block everything the government wants.
The freedom owning your own coins is the whole basis in this space, if you take it away from someone, someone will most probably take it away from you at some point.

[enhu]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

As transactions wouldn't be permissionless anymore, it would just be probably used by governments to pressure anyone having that power to block everything the government wants.
The freedom owning your own coins is the whole basis in this space, if you take it away from someone, someone will most probably take it away from you at some point.

Its going to be the case if a team of a project has the kind of smartcontract. The project being this controlled is not going to be welcomed by the community. XRP being centralize is even opposed by the community even without this freezing feature so you can compare your wallet as a bank account in the real world for they can freeze it when any activity they just suspect.

[salty]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

This is of course cool,but in this case, the ethereum team will have to invite an entire Department to work.After all, who will be engaged in auditing and problem solving?

[BChydro]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

I do not doubt if Ethereum add any crazy feature like frozen wallet and people who have a minimum common sense will avoid them like a plague as there is no guarantee that my funds will be safe if they add any feature like that and even if without those feature i am not trusting the coin any further because of the developers action in the past and how they are handling the development.

[Ultimist]

On the one hand, it would be useful. But on the other hand, hardly anyone wants such a function to appear. After all, in cryptocurrency, it is appreciated that each user manages his wallet and his funds. And if someone the third will have to them modicum what the access, then this will cause negative reaction.

[tenakha]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

This is not something to be accepted by the majority, including myself. This will be used in other events other than hacking in the future, and the result will be very bad. There are privacy tokens like 0x based on Ethereum, how will they keep the project alive? This decision could harm ETH rather than benefit. On the other hand, what should ETH do to the hacking event after the measures have not been taken to counter it?

[hahahafr]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

Not a good one mate, that would surely break the freedom that crypto enthusiasts seek to grant the world in terms of their finances. I think people should learn how to keep safe their funds and also learn how to do stuffs the right way and avoid shortcuts as this always lead to getting scammed. Several documents and guidelines have been provided to guard people from being scammed but the problem is that most people fail to read!

[No Pain No blood]

it is not needed. A frozen wallet will only add new problems to ethereum. there are many things that need to be fixed on the ethereum platform, and instead of making this feature better focus on solving very important problems.

[EastSound]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

That would be against Buterik idea of decentralization, he would be no different from centralized exchange that he hates. It would also be make other projects deter from using their platform because they wouldnt like have their wallets frozen.

[BlackFor3st]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

It is not a good idea as it can be used in opposite ways also like they will froze some wallets without big evidence.

Though thinking positively, we can say that this is a good strategy to counter all the hackers and froze their loot money but hackers are not that noob to do this kind of mistake as there are plenty of ways to counter it before the address will be flag like they will direct their loot to exchange address and convert it to bitcoin.

[shinratensei_]

As we know, there are currently many cases of crypto hacking, especially this often occurs in ERC20-based tokens. So to anticipate this, should Ethereum add the "Frozen Wallet" feature just for certain Adresss to their smart contract? I think this way can prevent the hackers to selling their loot. Although this method will change the crypto vision from "decentralization" to "centralization", but if this method is effective I think it's no matter.

What do you think?

That means the developer will add a backdoor to create that feature, and this idea has already implemented by bancor platform. But this must behold by the trusted person because that feature can be used for a criminal to steal the amounts that already in the account. I think if this is not the best way and we can try another way that's better than create a frozen feature. It's just like give a backdoor to the blockchain.

When that feature will be having a vulnerability and so many hackers will be targetting it. That idea is so far from being a secure idea. You should think about another possibility too because blockchain is running by so many people. That must be based on the community's decision to consider if that is worth to add the frozen wallet feature or not. The implementation must be done through the EIP.