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In terms of mining transactions, the Ethereum proof of stake system will financially punish anyone who fails to attest to honest transactions, and there's no es
by Canada 4y ago
In terms of mining transactions, the Ethereum proof of stake system will financially punish anyone who fails to attest to honest transactions, and there's no escaping that just because "sanctions". See this post for details: https://0xfoobar.substack.com/p/ethereum-proof-of-stake https://0xfoobar.substack.com/p/ethereum-proof-of-stake
I believe we'll likely see other actions taken by US companies, such as Twitter banning the Tornado Cash account, Microsoft deleting its github repositories, the registrar of its current domain name disabling it, Discord kicking it off, and so forth. Perhaps large RPC providers refusing calls involving the sanctioned addresses, though I think that's less likely.
We will also see an escalation of fiat enabled exchanges refusing to do business with users who bring assets from Tornado Cash connected accounts, however there are other developments in the pipeline that will mitigate this, and increased aggression by proponents of financial exclusion will drive adoption as they are a real pain for legitimate actors too, and also these systems are necessary to increase transaction throughput anyway. (eg. rollup protocols on Ethereum, lightning network protocols on Bitcoin)
- ChainOfFools 4y ago> Twitter banning the Tornado Cash account, Microsoft deleting its github repositories, the registrar of its current domain name disabling it, Discord kicking it off, and so forth Perfectly happy to see all the centralized support crutches kicked out from under another poster child for fake decentralization rhetoric. Let's see how they do after they have to eat that dogfood for breakfast, lunch, and dinner, not just for dessert.
- Canada 4y agoAgreed. As expected, Github has deleted it. Glad I cloned it all before I wrote any replies in this thread. Edit: Authoritative AWS nameservers have now stopped resolving tornado.cash.
- nootropicat 4y agoWhat do you expect to happen? Centralized service have better ux, so it makes sense for most people to use them - but nothing about ethereum or tornado requires them. People will only use their own nodes, tor and/or ipfs if that's the only solution that works - but as long as public rpcs like infura and normal domains aren't censored there's really no reason to (for a normal user, not a dev etc). What's important is to keep that potential open, of course.
- throw123123123 4y agoSure, but also note that force was the only thing able to stop it - turns out the use case is there.
- Quentak 4y ago> Perhaps large RPC providers refusing calls involving the sanctioned addresses, though I think that's less likely. It happened: https://twitter.com/0xdev0/status/1556933551073153024 https://twitter.com/0xdev0/status/1556933551073153024
- vintermann 4y agoAs far as I can see, there is a big assumption in your assertion about proof of stake: that the stakeholders who want to comply with sanctions will be a minority.