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The speaker claims this is the first US sanctions against ownerless smart contracts and open source software. Usually sanctions target a person or legal entity,
by whatisweb3 4y ago
The speaker claims this is the first US sanctions against ownerless smart contracts and open source software. Usually sanctions target a person or legal entity, who has the right to appeal and challenge a sanction. In this case, the speaker notes, there is no person behind the sanction that can appeal it. The speaker goes on to discuss the implications of these actions and whether it breaks the 1st and 4th amendments.
I would recommend watching the video as the speaker is well educated on the subject of law and blockchain, but you can also see an article on the sanctions here[1].
[1] https://uk.style.yahoo.com/government-takes-tornado-mixer-may-182340178.html https://uk.style.yahoo.com/government-takes-tornado-mixer-ma...
- Arnt 4y agoI see, thanks. The relevant trait of open source seems to be that the authors are readily identifiable. The US OFAC decided to sanction Tornado Cash for reasons that have nothing to do with open source, and then (probably) used open source to find the most important maintainer, and sanctioned him personally. Finding the most important maintainer of a closed-source web service shouldn't be impossible, but open source clearly makes it simpler: No subpoena required.
- whatisweb3 4y agoThe developer was not sanctioned or included in the sanction. Only "Tornado Cash" the open source project and some specific smart contract addresses.
- Arnt 4y agoOne developer's github account was suspended, which is a sanction, and may be a significant one depending on what he did for a living.