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Alright, so there is no proof that Tornado Cash was setup to facilitate money laundering, yet so many here on HN keeps saying "was designed to launder money". W
by capableweb 4y ago
Alright, so there is no proof that Tornado Cash was setup to facilitate money laundering, yet so many here on HN keeps saying "was designed to launder money". What does "designed to X" mean if not that the tool itself was intentionally, purposefully and explicitly made to do X? And if that's true, why isn't there any public evidence of that being true?
- 8note 4y agoThey did not include an automated KYC process for when the transactions are larger than 10k USD. Therefore, they intended it to be used to hide transactions from the US government. They could have also limited the service to not run on amounts larger than 10k?
- neuronexmachina 4y agoI think the confusion is one of definitions. Basically, the whole point of cryptocurrency tumblers like TC is to obscure the original source of funds. That can be used for both legal and illegal funding sources. I think some folks in this thread are using the term "money laundering" to refer to both legal and illegal fund-source-obscuring, while others are using it to refer purely to illicit sources.