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Ridiculous. Money laundering leads to a loss of freedom, privacy, and control because it empowers exactly the kind of people who want to take those things away
by jahewson 4y ago
Ridiculous. Money laundering leads to a loss of freedom, privacy, and control because it empowers exactly the kind of people who want to take those things away from you.
- whatisweb3 4y agoNot all users of Tornado Cash are money laundering. The US government positions Tornado Cash as a system for money laundering but it is more accurately described as a system for privatizing your transactions. A user with an identifiable ENS name might want to hold and trade some ETH without broadcasting every action to the entire world - this becomes a personal security risk - and Tornado Cash is a way to do this that is decentralized and cryptographically secure.
- zionic 4y agoI want to pay someone to mow my lawn in crypto. I don’t want to pay them from my primary account with (potentially) millions in crypto visible thus subjecting me to a $5 wrench attack So instead I have a “payments” hot wallet and use Tornado cash to disburse funds from my cold wallet for paying things while obscuring my total net worth/lifetime transaction history. This is perfectly legal and moral. Edit: incase this wasn’t clear the above is purely hypothetical.
- dcolkitt 4y agoRidiculous. E2E encryption leads to a loss of freedom, privacy, and control because it empowers exactly the kind of people who want to take those things away from you.