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For someone who isn't in the know of this case, can you share some legitimate uses for Tornado Cash?
by xeromal 4y ago
For someone who isn't in the know of this case, can you share some legitimate uses for Tornado Cash?
- downandout 4y agoSure, I used to use it. I won't explain the strategy, but I have a crypto trading bot that sometimes profits at the expense of other bots. The owners of these bots got so annoyed at this that they would blacklist the address at which my bot was, and would then track any addresses that I sent funds to from there and blacklist those in advance. TC broke this ownership chain, so they could no longer preemptively blacklist the addresses my bot operated from.
- Pils 4y agoCouldn't you just deposit ETH in an exchange and then send it to a fresh address? Seems like a hassle to use TC for that specific use case.
- downandout 4y agoTechnically? Yes. But you run the risk of getting your account closed for this kind of thing.
- Scoundreller 4y agoAnd take on a bit more custodial risk
- jimcsharp 4y agoPrivacy - just the general desire to participate in crypto as if it were cash, like originally intended. Right now if you aren't running a miner, you've lost that ability without tumblers.
- dfadsadsf 4y agoAnonymity and privacy is very useful in a lot of legal use cases. One example is buying domain name without disclosing who is buying (disclosing that information may dramatically inflate price). There are obviously workarounds without tornado cash but tornado cash is probably the cheapest option.