@bitstein Bitcoin hoarders r excited about the price rises, but they r also excited when the price is on its way down. Whatever price, the bitcoin hoarder thinks to himself,“Suckers.” #Hodl#bitcoin
My name is Roman Storm, and I am one of the founders of Tornado Cash, a non-custodial privacy protocol.
I am being prosecuted for writing open-source code that enables private crypto transactions in a completely non-custodial manner. This prosecution represents a terrifying criminalization of privacy.
The charges against me threaten to criminalize software development itself. If successful, the implications could extend far beyond the crypto industry, impacting every software developer. I face up to 45 years in prison on charges including operating an unlicensed money-transmitting business, conspiracy to commit money laundering, and sanctions evasion.
This case has already had a chilling effect on developers working on software tools. Recently, a developer filed a lawsuit against the DOJ, seeking relief because my case has made them fearful of releasing new software.
https://t.co/kkhXrxJVnI
Additionally, there is significant confusion around the 1960 charge (operating an unlicensed money-transmitting business), as different government agencies have conflicting interpretations of the law.
https://t.co/BRKR0pWTaH
“This prosecution threatens to criminalize software development itself,” said Keri Axel of Waymaker LLP, my legal counsel.
American entrepreneur and politician @VivekGRamaswamy commented, “You can’t go after the developers of code. What you actually need to do is go after individual bad actors who are breaking the laws that already exist.”
https://t.co/WTn1weyoZO
Multiple amicus briefs have been filed in support of my defense by the DeFi Education Fund (@fund_defi), Coin Center (@coincenter), and Blockchain Association (@BlockchainAssn):
https://t.co/467XKatDuP
https://t.co/68p4WcMIP9
https://t.co/kzdZ39Qvrr
The 5th Circuit Court has already ruled that Tornado Cash sanctions were unlawful:
https://t.co/Vp4FACqnn8
However, the DOJ has dismissed this ruling as irrelevant:
https://t.co/tna6p4Nvnr
My trial is set for April 14, 2025.
Runes Timeline
Phase 1: Memecoins
Phase 2: Utility Tokens
Phase 3: NFTs
Phase 4: Gaming/Metaverse
Phase 5: Creator/Community Coins
Phase 6: TradFi Products
Phase 7: Interoperability
There will be some exceptions by first movers but the general roadmap.
@mindmaxxing Love the show, ser... just too early for me to catch live lol. Just wondering what your thoughts are on DMT and UNATS. Can't say I've heard you discuss it even once! Keep up the work and hope to catch a live stream soon! PS Just picked up some GOB today!
If you believe in building for #Bitcoin you should build using the DMT framework
Everything else on Ordinals is a rehash of what has been done on ETH and beyond
Utilizing block data for digital creation is native to Bitcoin and only enhances the value of the God chain