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Note that "money-laundering" is only a thing you have committed if you are dealing in funds that are the proceeds of another crime. If you are not committing an
by Karunamon 4y ago
Note that "money-laundering" is only a thing you have committed if you are dealing in funds that are the proceeds of another crime. If you are not committing another crime, you are more than welcome to conceal the source and destination of your financial transactions.
The chief selling point of Tornado Cash was addressing the significant privacy problems inherent in a currency based on a public ledger. The idea that we should destroy privacy tools because criminals use them is ridiculous.
- intrasight 4y agoSuch tools are fine as long as they adhere to KYC regulations.
- Karunamon 4y agoKYC regulations apply to corporations and businesses, not code.
- intrasight 4y agoThey apply to what the president can apply them to. So if he's able to apply them to code, then they do apply.
- Karunamon 4y agoI think the First Amendment might have something to say on the matter of "the president" unilaterally prohibiting people from interacting with code, something that has already been determined to be protected by the right.
- intrasight 4y agoI doubt the court will second-guess the administration on this.