4 ms·
TornadoCash is a smart contract, so there is not really a way to enforce the sanction. Plus, there is not really a way to tell who creates a smart contract if
by anotherrandom 4y ago
TornadoCash is a smart contract, so there is not really a way to enforce the sanction.
Plus, there is not really a way to tell who creates a smart contract if you cover your tracks well enough.
This sanctions stuff is smoke and mirrors for the government to try and convince themselves they are capable of doing something.
The most realistic approach is for major chains to go POS and the major validators and other important pieces of the puzzle to need a lot of resources to the point where they become businesses and are on the governments radar (and by extension they would need to comply with regulations).
But because everyone knows that is a natural consequence of POS, it is exactly why no reasonable person would be on board with a transition to it.
- landemva 4y agoWhat are your thoughts about Liquid on BTC? https://blockstream.com/liquid https://blockstream.com/liquid
- nootropicat 4y ago>other important pieces of the puzzle to need a lot of resources to the point where they become businesses and are on the governments radar (and by extension they would need to comply with regulations). >But because everyone knows that is a natural consequence of POS, it is exactly why no reasonable person would be on board with a transition to it. You described mining - public companies operating big industrial warehouses with miners. PoS is the opposite - it needs next to zero physical resources. No reasonable person can support PoW unless they support totalitarianism. There's no way to make PoW resistant to government interference.