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How do they figure that USDC is dormant though? Sounds like a cock up
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Hmm, that's a really revealing thread. Those advocating for stablecoins should genuinely consider the implications of having a clause in the terms of service that state that your funds can be taken if dormant for "too long". Buying and holding Bitcoin, as always, seems to be the easier and safer solution.
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The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
What happens to USDC (and the dollars that back it) when a user permanently loses their wallet private key?
And the Tweet mid-way through the thread that corresponds to the nitter link for this post is:
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