#Privacy#TornadoCash#FreeSpeech#DigitalRights#Blockchain: "The conviction of Tornado Cash developer Alexey Pertsev is sending ripple effects through the blockchain industry, which is bracing for a long-foreseen chilling effect.
This is likely to deter devs from building privacy and security enhancing digital tools, said Aaron Mackey, senior staff attorney at the Electronic Frontier Foundation, a non-profit digital rights group based in San Francisco.
“Holding a developer of beneficial tools responsible for the wrongdoing of others is short-sighted and harms everyone’s privacy online,” Mackey told DL News."
I get a lot of people calling out my #Bitcoin skepticism (as in: Bitcoin is a worthless piece of hot garbage trying to kill our planet) because number is again going up. This time it's real, now that the scamers have been caught and all.
But if you want to know why Bitcoin goes up you just need to look at one curve: Tether has printed 4 billion USD from thin air in the last week.
While it's great to see the crypto scam artists SBF and CZ been caught and punished (sadly without making their victims whole) the actual rock that whole scam economy is built on is Tether. Has been Tether for years.
And I really don't get why US regulators let some weird company print fake USD.
"But Bitcoin is a great way to monetize excess renewables"
No, this was never true. If you make a capital investment in a mining rig, then you want that rig making you money 24hrs, not just when the rest of the grid is not consuming renewables.
There are so many holes in @TheJusticeDept's case against #TornadoCash — starting with their attack on the First Amendment — that if they "win", they will have destroyed what remains of the country.
It will be more like China, or worse, from then on.
Periodic reminder that if you ditch the zero-trust part, if you admit that trust matters even a tiny bit, you can ditch the consensus algorithm and run the entire blockchain exercise on one shitty five year old Android phone. A firstgen raspberry pi would be overkill. Seven transactions per second wouldn’t have stretched a 486 on dial-up in 1996 and the whole stack is an embarrassment.
@bhawthorne@mhoye so it it actually practical as a #Payment system, because the people behind it actually designed it with that single goal in mind without being reliant on a single point of trust or failure.
And unlike #Bitcoin or #Ethereum one can't taint your account with illegal funds, which is so rampant since the #TornadoCash ban that even #TreasuryDept's #OFAC recognized "#Dusting" as digital equivalent of throwing feces at a restaurant's windows....
Why would anyone want to use #TornadoCash on #Ethereum / #ETH, which is written in the systemically unsafe Programming Language that is #Solidity when #Monero :monero: / #XMR exists?
I'd only accept it if converted directly into € & solely :monero: because I don't want to get "dusted" with #TornadoCash and then be associated with some shit I don't endorse... https://www.youtube.com/watch?v=x7gaqhF-wrQ
The #prosecution of the #TornadoCash developer for checks notes writing #FLOSS is a dangerous precedent, aimed at criminalizing writing #Code - espechally #OpenSource'd Code - in general.