Viewing profile — whatisweb3

Yes, of course this is my opinion. The transition has been years in the making and the amount of research and contributions to computing, distributed systems, and cryptography that…

Sure? It was both an inefficient and wasteful mechanism to secure consensus. This is why developers have been actively researching and developing how to switch Eth to PoS for years…

Congrats to the devs. This is a historic moment for computing and distributed tech, and will pave the way for Ethereum’s next updates: scalability, privacy, stronger censorship res…

Congrats to the devs. This is a historic moment for computing and distributed tech, and will pave the way for Ethereum’s next updates: scalability, privacy, stronger censorship res…

This is how all tech works - trains, cars, power stations. We build things that are initially inefficient. We eventually transition to energy efficient tech. We celebrate. It’s rar…

This very sanction is against a tech called “Tornado Cash” which is not an organization or person. If somebody forks the protocol and renames it, and everybody uses it in place of …

You actually could publish “illegal code” because code is protected under 1st amendment, as free speech. Legal precedent has been set by Bernstein v US DoJ. There is an open questi…

The open source software and cryptographic protocol is implicitly targeted with this order. You can see it in how private companies are now handling the Tornado Cash code and contr…

25% of funds being illicit does not mean “pretty much everybody” is using it for illicit reasons. Your argument really falls apart here, but the sweeping generalizations don’t help…

There is no doubt known cyber criminals and enemies of the US are using this tool. The question I raised is: what percentage of illicit activity is acceptable? If the E2EE chat app…

Sure. Then it is irrelevant how much money was funding whom, only that a non-zero amount of value was not strictly traceable through typical financial surveillance systems, and so …

450m is a whopping 6% of all deposits on Tornado Cash[1]. The total percentage of illicit activity on the protocol is reported to be in the 10-30% range[2]. What percentage of acti…

You did not answer my simple question. :) Sorry to be a broken record by comparing this to E2EE privacy protocols, but many commenters on HN only seem to think privacy is worthwhil…

The sanctions apply directly to the protocol and it’s code, and this is the issue. It is not applying to persons, or criminal actions. It would be like sanctioning the Matrix proto…

One exists to facilitate privacy, the other exists to facilitate money laundering. Compare with E2EE Matrix protocol: it does not exist to facilitate criminal communication, but it…

The point is: the protocol encrypts a private key, a private key is an integer, or text hash. Saying that it is OK to build tools that encrypt text, like Matrix protocol, but it is…

Sure, we are in agreement then. It is a great thing as it will enable the blockchain to continue to scale for more users and more applications, and it is the opposite of the energy…

Yes. Like putting a sanction on the open Matrix protocol, and blocking any user who has interacted with it.

Yes, like computers, the internet, electric trains. Computers used to take up a room and compute a few thousand cycles per second. Now they can fit in our pockets and compute billi…

A private key is a 256 bit integer. > If someone built something that said "Launder your [256 bit integers] here" and it took in a bunch of [256 bit integers], and then [encrypted]…

Matrix protocol’s sole purpose is to obscure usernames and messages and enable privacy. Tornado Cash’s sole purpose is to obscure blockchain addresses and enable privacy. Privacy i…

The first time a developer of open source, non-custodial and autonomous smart contract code has been arrested comes days after the US sanctions the same smart contract. Probably ju…

There is still no legal precedent around a case like this as it relates to DAOs and autonomous smart contracts, so a law firm could not have told you anything except "we can neithe…

My comment from 2 days ago: > The US sanctioning Tornado Cash and the resulting repercussions is deeply concerning. Whether or not you like crypto, you should not be supporting thi…

By this logic every blockchain developer should be arrested. The TC developers are not collecting fees directly, but they probably did give themselves a large supply of tokens to m…