/biz/ - Business & Finance

anyone with a brain would've avoid it at any cost after the first $100M or higher exploit was laundered through tornado, only "code is law" midwits would fall for it

>>50801081
Meh now they start to taint Ethereum or what

>>50801081
seems like ameriturd problem.
cope and seethe

>>50801081
>having money
>continuing to live in the US
lmao

>>50801081
Meh now they start to taint Ethereum or what

>>50801081
If that gets enforced, ETH is unironically going back to three digits and staying there forever.

>>50801192
it means death for projects like ren vm and other similar bridges, too

>>50801227
this lol. its either the ether is "tainted" now or just get a new wallet if your wallet interacted with it?

>>50801271
perhaps

There is no way they can enforce it since you can send mixed eth to any address.

>>50801217
Problem is the cancer is spreading fast worldwide nowadays from that shithole. :(

>>50801379
take it up with coinbase chud

>>50801234
You would love it, laser eyes!

>>50801379
cope

not my problem
all my eth has gone through tornado.cash
i don't do anything illegal or even shady, i just do it out of principle
i will continue not to care
suck it, bootlickers

>>50801379
this and since ETH is not fungible (unlike BTC) it means they actually cannot enforce it, unless they state if you spend more than what you had before the tainted deposit and that makes your address 'tainted'

>>50801467
you will start caring when your addresses get flagged and you can't withdraw from exchanges anymore
>but I didn't do anything illegal!
not the government's problem

>countdown to all USDC / USDT that touched tornadocash getting frozen

>>50801379
same logic as receiving drugs in the mail. they will guvk over a lot of people before that logic catches up to them in court though

>>50801217
US can't stop losing
>>50801379
enjoy the SWAT team

btc privacy tech looking pretty good by comparison right now

>>50801597
you cant force everyone at the mall to receive your drug dumbass

Bullish for ROSE

>>50801081
I have just sent some tornado cash tainted ETH to Vitalik

>>50801473
>ETH is not fungible (unlike BTC)
only tornado and zcash have meaningful anonymity sets.

>>50801923
don't send it to the ethereum foundation too

>>50801923
Kek

>>50801081
Good luck enforcing that shit.

>>50802024
enforce at fiat off-ramps

>>50801493
>converting crypto to fiat
>ever
been in this space years before youtube and tiktok videos brought your normalfag ass
never sold for fiat
will never sell for fiat
Not. My. Problem.

>>50801473
Do you mean ETH is fungible, unlike BTC?

>>50802003
* laughs in Lightning Network *

>>50801493
It would only accelerate defi and create a system outside the centralized globalhomo economic. It is permissionless decentralized finance.

>>50801081
>>50801379
>There is no way they can enforce it since you can send mixed eth to any address.
I'm sure the NSA doesn't have the tools to track or enforce that shit.

>>50801081
no. only a retard would use tornado cash

didn't looksrare send their entire treasury, allocation and profits through tornado cash

i just hope Angelo from Manila doesnt check this list before i sell my washed eth to him for pesos

>>50801081
you can always prove that you did not launder money when using tornado cash, as long as you keep your snippets.

>>50801081
that doesn’t mean shit kek

>>50802322
introduces an online assumption and privacy is violated by channel probing

>>50802252
You better not have left any trace for the taxman then faggot
>>50802317
yes

>>50802412
tax on what, you sniveling normalfag?
you putrid sacks of shit always assume nobody can have principles. as already stated, i'm not dodging anything

>>50802174
>off ramping

you cant enforce it tho
the idea of "clean" eth is just silly

>run ETH through tornado cash and dust the top 1k ETH wallets
>get coinbase, ftx, binance, kraken etc all sanctioned for receiving money from tornado cash

>>50802810
this nigga gets it! gas is cheap atm!

>>50801081
Everyone in this thread is a midwit arguing if they can or can't continue to use tornado cash.

The real issue here is:
1. The ETH foundation controls the consensus
2. Nobody knows how many fully validating ETH nodes there are after they changed the definition of what a full node is.

So with this information it would be trivial to attack ETH through the foundation and validating nodes.

Yes the technology is there and you can continue to use it, but for how long?
Nobody is going to fork ETH over tornado cash their developers don't have the balls.

>>50801218
based

>>50802992
are you suggesting an attack of sending poisoned ETH to the validator wallets?

>>50802344
>It would only accelerate defi and create a system outside the centralized globalhomo economic. It is permissionless decentralized finance.

>he doesn't know

>>50801379
imagine thinking enforcement is this week. it's like the 'what can they do if drugs come by post' line. They can 100% fuck you up. Take your things for years for evidence, arrest you non stop and keep you in jail for nights, blacklist your address to make any further dealings a nightmare.

People who think law enforcement is toothless are naive. You don't quite know bureaucratic buttfucking until you've been in their sights.

>>50803084
I'm suggesting the Federal government pressures vitamin and consensys because they ultimately control the protocol.
ETH can't fork with how bloated it has become.

>>50801217
>>50801218
>>50803062
OFAC not only affects the US, retards. foreign banks do also look at the OFAC sanctions list

>>50802810
devilish

imagine thinking this matters.
>got into crypto because it's free from governmnet bs
>crybabies scared shitless of governmnet list of random strings and letters
lmao

>>50802174
yeah but how

this doesn't make sense to me

oOoOO this guy withdrew $200 at a Bitcoin ATM he must've used Tornado Cash???????!

>>50803117
fuck foreign banks

>>50802503
are you saying you literally never sold at a profit or used Aave or SNX?

>>50803852
>>50802503

and swapping tokens counts as taking profit btw, every swap is taxable

why cant someone just clone the contract ?

>>50803881
only if you report it like a good goy

>>50801081
Too late lmao, laundering through smart contracts doesn't show what they want. Maybe they just sanction all smart contracts, that's what it takes

>>50803852
>>50803881

>>50802810
>>50802854
let's do it faggots

US is going to die and that's a good thing

>>50803301
any ETH sent to Coinbase after withdrawal from Tornado could get seized.

I still don't understand people investing in anything related to ETH

>>50804751
then don't use goybase ?

>>50801218
>talks shit about the US
>doesn't provide a better alternative
Every. time.

>>50801271
wrong. renvm doesn't hide transactions. youre thinking of railgun or aztec, you retard

>>50801192
This, it's the best way to blacklist yourself, only ruggers use this shit btw.

>>50805779
btc > bridge to eth > tornado > bridge back to btc

ren has no solution to this

>>50805652
that's besides the point. if normies can't safely use Coinbase crypto adoption is offset by 10 years.
do you want to be ideologically pure or do you want to make money?

>>50801923
Vitalik uses tornado on his own accord frequently anyway already...check his account.

I ran a scam last year and ran like $8k through it, I'm not concerned.

>>50806306
lol

>>50806306
So, he will just fork it.

>>50801379
Exactly, all this bullshit is just scare tactics. The IRS is made for physical real world goods and businesses. Not digital. They can’t do shit unless you offer it up to them. They’re just scared of true decentralization and no matter what it’s coming.

>>50801379
>there is no way that twitter can enforce hate-speech policies because anyone can just type "nigger" and press enter
>there is no way that youtube can enforce copyright because you can upload any video you want
>there is no way that LEA can police the tor network because anyone can run an exit node

>>50803942
You could, but I think that tornado cash gets its liquidity from other ETH users pooling in their funds. Tornado cash grew to a point where hackers were washing hundreds of millions of dollars worth of stolen crypto through it. You could clone the contracts to make them "clean" again, but then you'd have to restart the liquidity pool from 0 and the clock starts ticking before the treasury dept. finds out about it and blacklists the new contracts too.

>>50803086
wow
thank you for posting those screenshots of Vinay
I did not know this

>>50801081
> America has Freedom
Top fucking lmao

>>50801544

based

>>50801081
Use the 0xMonero 0xTIP. It allows private off-chain Ethereum transactions and also acts as a cheap bridge to BNB chain. Mixing/bridging only costs 4-5 bucks in 0xMR. If you used tornado cash before, run your funds through 0xTIP to wash them.

>>50801379
asking myself this for the past 25 years.
The state is a paper tiger kept alive by capo slaves afraid of their own shadow

>>50801081
my 3 twatter accounts were banned in a milli second because I insulted flinken
fuck this whole country and these fucking glowies
fuck crypto and it's current community I'm out
you'll have the surveillance system you deserve

>>50801081
If privacy is illegal, the state and all of its proponents are enemies of man. There is no in between.

>>50801081
Brilliant. The United States has just given crypto a big push to start a true parallel financial system and created a huge incentive for people to not bother with converting back to fiat. Very, very excited to see this blow up in their face.

>>50801081
where do i get tainted eth at discount to send it to twitterfags addresses

>>50806065
both

>>50811056
That's not gonna happen and you are deluded if you think it will

>>50811565
>t. no coiner kycd cex faggot

>>50801081
The sanction on tornado cash is bringing about a lot of mixed reactions and users might turn to other privacy options to enjoy anonymity and maybe platforms with zkSNARKS instead of mixers.

it would take only $2000 to send every single one of the 200 million eth addresses .000001 tornado cash tainted eth

>>50801379
>Hello anon this is the IRS we are auditing you
>Please provide your transaction history and taxes you paid on your crypto to crypto transfers
>Oh you used Tornado cash? Go to prison forever for evading sanctions

I suppose you could just lie and hope they don't check the blockchain KEK good luck. Even if you used Tornado before they implemented this shit they would still require you to provide the entry and exit transactions from tornado, if you can't provide the entry then go to prison forever the same as a drug dealer who can't explain how the 500k under his mattress got there.

>>50805751
I made it big with chainlink in 2012 and traveled all throughout the world: Japan, Singapore, Thailand, Greece, Portugal, Ireland, Brazil, Argentina and Mexico. Each and every one of those countries are shitholes when compared to the big ol' US of A.

>>50802407
>Channel probing
Since TX are not broadcasted but routed you can only probe the TX you relayed as a routing node
Considering TX arrive to destination privately and directly if you have a channel directly open and considering on average you just need 2/3 hops if you don’t have a direct channel, the only thing I can say is: good luck
There are 17k nodes and 81k channels, the probability you end up using a chainalisys node is ridiculously small (and if they run some they even help providing liquidity, lol), especially considering there are several famous non-glowie nodes with zero fees, so they get routing priority
Don’t forget chainalysis capabilities are 98% marketing, 1% cool animations and 1% simple on chain tracking
The rest of their work is done collecting TX/IP from centralized services like exchanges or RPC providers like infura

>>50811565
Do you really think that developers and users are just going to throw up their hands and say “well, guess that’s that!” And you’re calling me delusional? Fucking kek. This isn’t going away, and people are going to be even more motivated to develop decentralized systems that boomers in DC cannot comprehend. We’re just witnessing a failing empire desperately trying to hold on for dear life with pathetic, desperate moves.

>>50812552
I doubt they would know how to use the blockchain to reveal such details atm, you got to remember there are only illiterate boomers and landwhales working for the IRS. This is going to be a problem in the future though

>>50812542
forgot about transaction fees fuck im retarded

>>50812765
>I doubt they would know how to use the blockchain to reveal such details atm

You're truly fucked if you think they can't use etherscan. True they usually only go after big boys who cash out millies at the moment but like you say, it's all coming down the pipe.

>>50812686
>Do you really think that developers and users are just going to throw up their hands and say “well, guess that’s that!”

No, developers will not give up their lucrative decentralized cash cows for sure. But they also don't want to get buttfucked by the long dick of the law since they have almost certainly been declaring their millions legally and are known to the government as a business, nor do they want to spend the rest of their lives overseas looking over their shoulders. The vast majority will simply consneed and implement defi KYC tools like Everest ID. I'm sure some will say fuck you to the government, they will be added to the sanction list and if your wallet touches them you are fucked just like if you had used Tornado.

The era of anonymous defi is going to be over soon if you ever plan to, you know, spend that money in the real world.

>>50813149
tornado cash was a concession. it was a way to have your privacy from everyone else while still being able to send the irs a key to view your transactions to remain compliant. they got fucked for it. you play along with the system, and they don't care, they'll fuck you anyways. consneeding doesnt work

>>50812671
>Since TX are not broadcasted but routed you can only probe the TX you relayed as a routing node
You can also infer information about channels others have. https://eprint.iacr.org/2021/384
>There are 17k nodes and 81k channels, the probability you end up using a chainalisys node is ridiculously small
LN is not liquidity-efficient so routes selection is highly non-uniform. You don't get a random node out of 17k.
The thing is that LN privacy cannot be rigorously analyzed: people keep coming up with countermeasures and counterattacks. It is completely ad hoc. Compare this with Tornado Cash or Zcash: you can exactly state the size of your anonymity set, and there is nothing chain observer can do beyond that because SNARKs are statistically zero-knowledge. (You have to take care of network-level privacy but that's true for everything.) By the way, Monero suffers from the same problem: the ring size is way too small so it is wounded by passive attacks but falls catastrophically to active attacks. Glowies love trial purchases.

>>50813254
Kek that's like saying money laundering is compliant because you can choose to tell the IRS what drugs you sold or taxes you evaded.

>>50813277
btc has chaumian mints now, mathematically perfect secrecy

>>50813291
I don't think Tornado Cash got fucked because of viewing keys. >>50813254 Every privacy coin has viewing keys because they are needed in dispute resolution (how can I prove that I really paid you?)

>>50813304
If they blacklisted Tornado Cash contract what do you think they will do with the funds held in Chaumian federation? Mints also suffer from undetectable inflation: you have no idea how many IOUs they have signed on the side.

>>50813149
Without anonymity there is no value proposition but there are lots of smooth brains who miss that

>>50813342
>Without anonymity there is no value proposition

Yeah, for evading taxes. There are plenty of value propositions behind using blockchain technology in all sorts of fields and applications, smoothbrain.

>>50813378
No there are not. Without anonymity or pseudonymity the entire point behind a blockchain is lost because why couldn’t a custodian for the records exist? Cryptos are supposed to be trustless but with verification and connection to an identity that utility is suddenly missing and the value proposition is gone. Blockchain with verified identities might as well just be a bank wire system.

>>50813423
>Without anonymity or pseudonymity the entire point behind a blockchain is lost

Again, for you perhaps, but not for everyone.

>Blockchain with verified identities might as well just be a bank wire system

Yes congratulations you now realise why Crypto was allowed to flourish, so that the goyim could build out the public ledger technology and then the system slaps their identity method onto it. How new are you? This is stuff everyone with a brain figured out was going to happen years and years ago. You can fight it kicking and screaming all you want but it's coming regardless so you might as well make money off the trend.

>>50813514
Lol you are very clearly a troll. There is no point to a common ledger without pseudonymity or anonymity. Have fun with a bunch of underperforming tech.

>>50813664
>There is no point to a ledger that cannot be compromised unless I can evade taxes with it

???

>>50803086
some out of touch 50 year old paki communist isnt really a worry to me

>>50801311
It won't be the case if anon is using another privacy solution to male the transactions.

>>50801311
It won't be the case if anon is using another privacy solution to make the transactions.

>>50813514
>You can fight it kicking and screaming all you want but it's coming regardless so you might as well make money off the trend.
I totally agree unfortunately. What's your dystopia portfolio?

>>50802810
Dangerously based and checked

>>50801081
Think of all the pajeets, balkanoids and general scammers who had their ill gotten gains frozen today.

feelsgood

>>50813691
taxes are theft

>>50802810
no balls

>>50803101
thanks for coming all the way to this forum to warn us, I sold all of my crypto, ty

>>50814008
he ran the ethereum launch btw

>>50814764
Thats the benefit of decentralised systems
we still dont have to give a shit about him

>>50814783
good luck with that

>>50814814
smug little retort of someone unable to explain why he thinks what he does

>>50814866
unwilling

>>50807061
Yeah, true decentralization freaks them out and users still have a whole lot of other privacy solutions to achieve this.

>>50814940

They can try to contain it but ultimately they cannot stop it. McAfee was right.

>>50801081
Monero chads can't stop winning

>>50815048
>tornado.cash banned
>monero left alone
this just proves tornado worked and monero is botnet
they're leaving monero alone because they have 0-day's

>>50802810
bbbbbbbbaaaaaaaaaaassssssssssssseeeeedddddddddddddddddd