3 ms·
> I'd rather someone does some fraud than actual funneling of money to terrorists, druglords, gangs, and other problematic organizations. Considering that Torn
by CuriousCosmic 4y ago
> I'd rather someone does some fraud than actual funneling of money to terrorists, druglords, gangs, and other problematic organizations.
Considering that Tornado Cash implemented OFAC compliance and they were still banned would suggest to me that this isn't a fair take. Tornado Cash had long since blacklisted known accounts from sanctioned organisations and tried to be overwhelmingly transparent about the fact that the project was focused on providing privacy for normal people and complying with regulations and sanctions to the best of their ability.
One of the major issues with the US in particular is that regulatory and enforcement agencies refuse to establish well defined guidelines that are compatible with digital ledger tech. You can have privacy preservation and regulatory compliance all at once via zero knowledge proofs (as an example solution) however regulatory agencies insist that organisations operate within a system that provides significantly weaker compliance guarantees while also eliminating any means for privacy. Tornado Cash tried to operate within that weaker system to the best of their ability and repeatedly reached out to officials in good faith to properly implement compliance. Despite that they were still sanctioned.