📃📃📃 Read our newly published deeper analysis of the Tornado Cash OFAC action: https://t.co/6TYyoFoNa2
I'm particularly proud of our procedural due process analysis. This may be even stronger than the First Amendment claims.
All is not yet lost!
Most anti-Tornado arguments I've seen hinge upon a fundamental misunderstanding of one or more of the above points.
Its not going to be easy, but education is our most powerful tool in resisting oppressive regulations.
Help spread the truth, like and RT!
To summarize
the US is willing to use its highest level of economic sanctions usually reserved for foreign powers and extremely dangerous people against a privacy product in crypto
READ THIS THREAD OR GO TO JAIL FOR 30 YEARS (sorry not kidding)
Tornado Cash added to US sanctions list - $437m of assets blocked.
What is OFAC, what are sanctions, and what does this mean for DeFi 👇
Today the US sanctioned Ethereum addresses associated w/ a privacy service called Tornado cash.
Circle immediately froze the USDC in those accounts. GitHub suspended contributors to Tornado.
If you were waiting for the opening shot of big brother’s assault on crypto this was it
@VitalikButerin My thought as well, corporations will likely play a role in it, like they did in the development of Internet. But for me the metaverse will eventually come out of decentralization and Internet evolving over time.
@vgr My critique is deeper than "Metaverse Wikipedia will beat Metaverse Encyclopedia Britannica". It's that we don't really know the definition of "the metaverse" yet, it's far too early to know what people actually want. So anything Facebook creates now will misfire.
Here's the list of Tornado Cash resources that were banned
- Tornado Cash @GitHub organization
- personal @GitHub accounts of TC contributors
- all $USDC on Tornado Cash contracts @circlepay
- @infura_io RPC
- @AlchemyPlatform RPC
- https://t.co/SHvgEjTOMV domain @eth_limo