Tornado Cash devs getting reamed by government \ stacker news ~bitcoin

Tornado Cash devs getting reamed by government twitter.com/provoost/status/1772946811629551717

3683 sats \ 5 comments \ @Scoresby 27 Mar bitcoin

175 sats \ 3 replies \ @south_korea_ln 28 Mar

My impression of the prosecutor position is this: IF you build a privacy tools that IS used by criminals AND if that system can't have a KYC/AML backdoor THEN you go to jail.

This is dark.

This means that, using the same arguments, one could attack Bitcoin itself. Just remove the privacy part and replace it with pseudonymus and think of Bitcoin as the way it was intended (no custodial intermediaries), it will be permissionless and it will be used by criminals. Anyone building tools to facilitate this process, such as Phoenix, could be prosecuted, no?

At least, that's what I get from it based on my limited understanding.

42 sats \ 1 reply \ @Scoresby OP 28 Mar

I don't think it has gone quite that far, but it is a pretty bad trend. Not good for privacy tools or tech.

45 sats \ 0 replies \ @south_korea_ln 28 Mar

Well, seems I'm not the only one making this reasoning.

It hasn't gone that far, indeed, but that's what Sjors is highlighting... depending on the outcome of the trial, this could serve as a really bad precedent.

1 sat \ 0 replies \ @Muuny 28 Mar

you guys are so scared of your own shadow, laws are only as good as enforcement.

59 sats \ 0 replies \ @Coinsreporter 28 Mar

So here you are, non custodian (not just a mixer): you have absolutely no legal basis to ask customers for personal information, they could sue you for doing so. But if you don't you might go to jail.

Either way, you might be jailed. Hopefully the court understands the dillemaa. If it doesn't, other places would also come with their own attacks.