whatisweb3

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61.
by whatisweb3 4y ago
The government is not sanctioning the mechanics of a gun. You can read in books and online about how they work in full detail, the “code” and designs for them is usually open. A lot of hobbyists use this to build their own airsoft, potato g
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by whatisweb3 4y ago
The US sanctioning Tornado Cash and the resulting repercussions is deeply concerning. Whether or not you like crypto, you should not be supporting this if you are a researcher, academic, technologist, cryptographer, or privacy advocate. The
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by whatisweb3 4y ago
> No matter how hard you try, transactions and trails can be reconstructed. Except the opposite is true. Tornado cash protocol is working well enough in its privacy features that the US government feels the need to threaten any business
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by whatisweb3 4y ago
Tor is primarily associated with crime. Doesn’t mean we should throw away privacy tools and submit to surveillance state.
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by whatisweb3 4y ago
Ethereum has hard forked once with the DAO. It needs a significant divergent of opinion - like 10% of all miners splitting off into their own network, client tooling, platforms, and ecosystem. It is not something that can be done on a whim
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by whatisweb3 4y ago
lol, the goalposts have shifted from “nobody uses it for this” to “we can’t know if people use it for this.” Imagine applying this logic to E2EE chat: we can’t know if anybody is using it for legitimate reasons, because we can’t see their m
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by whatisweb3 4y ago
People are using the system for these reasons. Vitalik himself has gone on record saying he has used Tornado Cash to donate large sums of money anonymously to Ukraine.
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by whatisweb3 4y ago
E2EE is all-or-nothing. You don't see Matrix adding a special case in the encryption technique to notify authorities if the phrase "nuclear" or "minor" appears in a message. The intent of E2EE and Tornado Cash is
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by whatisweb3 4y ago
Sure you are, in two ways: 1. You are using and supporting the same protocol that they are also using. As the application grows and improves because more people are using and supporting it, the criminals are also being helped. 2. You are cr
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by whatisweb3 4y ago
E2EE obscures everything, that is why it is called end-to-end. If Alice and Bob and John and Piper are all communicating with pseudonymous names in a Matrix room, you do not know who is talking to who or what they are talking about.
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by whatisweb3 4y ago
Then it would be malicious?
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by whatisweb3 4y ago
E2EE and onion routing protocols use similar cryptography to "mix" and "obscure" inputs and outputs. It is very much the same approach, just that we don't call it "message laundering" because we as society
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by whatisweb3 4y ago
What you are looking for is not an open source license.
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by whatisweb3 4y ago
It is known that criminals use E2EE, ergo anybody using this technology is knowingly helping a criminal. what a bad take.
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by whatisweb3 4y ago
Tornado cash is not run by terrorists. The express purpose of the tool is privacy, and that is what it is being used for. The express purpose of an end to end encrypted chat protocol is to provide privacy. If users of it engage in criminal
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by whatisweb3 4y ago
It is a tool for privacy, full stop. Criminals can use this for criminal activity, law abiding citizens can use this for law abiding activity. Also see end-to-end encrypted chat apps, VPNs, onion routing and other privacy tools that are wid
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by whatisweb3 4y ago
Tornado Cash is a protocol. It targets EVM, and has been deployed on Ethereum, Optimism, Avalanche, Polygon and other networks. It happens to be open source, the code was mirrored on GitHub for research and contributions. They are setting
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by whatisweb3 4y ago
I don't see a past precedent that targets an open protocol. Imagine the US sanctioning the open Matrix protocol.
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by whatisweb3 4y ago
GitHub has the right to do whatever it wants, and it makes sense they would take this action to avoid getting into legal concerns. But it is deeply concerning. Whether or not you like crypto, you should not be supporting this if you are a r
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by whatisweb3 4y ago
It could be argued the sole intent of unleashing a virus on the internet is malicious. The sole intent of publishing a privacy protocol on GitHub is not. Look at Tor for comparison. GitHub has a section on this[1]. There should be no proble
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by whatisweb3 4y ago
Is this the first time the US has sanctioned a cryptographic protocol? The quote you pulled specifically refers to "blocked person" but in this case they are not sanctioning a person - they are sanctioning a mathematical protocol
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by whatisweb3 4y ago
The US government already has the right to sanction crypto addresses, they just did today with Tornado Cash. USDC also has the right to freeze funds, they have done it already. I would rather see the US support privacy, but if they refuse t
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by whatisweb3 4y ago
Not all users of Tornado Cash are money laundering. The US government positions Tornado Cash as a system for money laundering but it is more accurately described as a system for privatizing your transactions. A user with an identifiable ENS
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by whatisweb3 4y ago
Users will be forced into other systems that are less tested and less regulated, forced to tie their wallet to the public ledger, or forced to pay high fees to centralized exchanges to achieve similar privacy. One compromise would be a US-b
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by whatisweb3 4y ago
Pretty dumb but not surprising. Private transactions should not be something that is criminalized, but it is taking a trajectory like reefer madness and the drug war. User seeking financial privacy is now put in the same group as terrorists
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by whatisweb3 4y ago
Most people using crypto - actually running nodes, creating contracts, and sending messages on the blockchain - prefer it to dealing with traditional bank transfers and completely opaque centralized systems. It is often faster, easier, and
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by whatisweb3 4y ago
The simplest use case and reason that crypto should continue to be developed is that it allows you to hold an asset with financial value in a decentralized global network. If you live in the US and notice that bank transfers are significant
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by whatisweb3 4y ago
This is the “works on my machine” of the banking world. Local transfers in the UK work well but if you try to do the same transfer to a non-UK bank account, you will no longer have those same features. This is because each country implement
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by whatisweb3 4y ago
It turns out the Bitcoin thesis was only half successful. It did not end up becoming peer-to-peer electronic cash, but it did succeed in creating a decentralized ledger that is tamper proof, resistant to double spend attacks, and can facili
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by whatisweb3 4y ago
This would only apply to centralized exchanges and intermediary payment processors. A user can still trustlessly and anonymously transfer 1 ETH or 1000 DAI to another person in exchange for some goods or services, as they would with a cash

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