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Hopefully the government can identify any forks that achieve meaningful TVL and taint the coins

• ipaddr 4y ago
  What would that for you? Why the hope?
  • encryptluks2 4y ago
  • oceanstone 4y ago
    I'm hoping the government makes money laundering harder. North Korea laundered a billion dollars through Tornado: https://markets.businessinsider.com/news/currencies/north-korea-launder-treasury-ethereum-us-billion-sanctions-tornado-cash-2022-8 https://markets.businessinsider.com/news/currencies/north-ko...
    • A4ET8a8uTh0 4y ago
      It may sound a little odd, but you do not think existing AML regime is already working in overdrive mode punishing regular people ( all while actual big fish manage to get away undetected or, worse, protected )?
    • EddySchauHai 4y ago
      That's almost 0.3% of the money estimated to be laundered in the US through traditional means, and 0.05% of the estimated money laundered globally.
      • acdha 4y ago
        It is a much larger percentage of North Korea’s total economy, however, and I think that’s going to turn out to be the primary motivation here: not that OFAC woke up one morning and said that Tornado Cash is public enemy #1 but that the people watching North Korea saw that ransomware proceeds were being laundered using this specific system and wanted to stop it.
    • absolutelynobo 4y ago
      And AML wastes tens of billions of good dollars in GDP and revenue per year through added monitoring costs, insurance, enforcement expenses, etc. If AML were 90% effective, it’d be supported; but it’s more like 0.1% effective.