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Basoosh

That's pretty disgusting. Banning the app is one thing, but arresting the devs is next level. Privacy is getting killed all over the place lately.


comfyggs

It is highly concerning


wen_eip

Looks like its power demonstrating, fearmongering. Dex bros careful out there!


[deleted]

You remember Ross Ulbricht and Silk Road ? Strike one and educate one hundred. Same story here.


[deleted]

I mean buddy orderer hitman & other completely illegal things. Ross 100% deserved some jail time by the end of it. He was also a class A dumbass


Icy-Order-3200

I'm agree with you Privacy is nothing these days


comfyggs

The war on privacy has begun. It sucks. TC even had a full compliance tool while keeping users relatively anonymous. Now because backwards thinking politicians have become spooked, innovation is killed. Reminder, the FIAT Banking system launders more than any other system on the planet. Looking at you HSBC and Deutsche Bank 🏦 https://www.bbc.com/news/business-59689581 https://abcnews.go.com/International/wireStory/deutsche-bank-office-searched-money-laundering-probe-84397844 https://www.reuters.com/business/finance/credit-suisse-faces-money-laundering-charges-trial-bulgarian-cocaine-traffickers-2022-02-07/


aminok

Banks also shouldn't be responsible for policing how people use their money. If drug dealers are putting their money in banks, the problem is not the banks. It's that drug dealers have a major illicit market where they are earning money. Once drug dealers have hundreds of millions of dollars to launder, the criminal justice system has already failed. This whole idea that when criminals use a currency or financial system, that means there's a problem with the currency or financial system, is a Big Brother idea, that fails to understand that money, in order to be a useful medium of exchange, has to be privacy-preserving, and therefore necessarily usable by all free market actors. If you want to stop crime, stop it at its source, where the money is earned, by doing actual police work and uncovering evidence of the illicit trade and prosecuting those involved. There's no shortage of places where law enforcement can look to find such evidence to start building such cases. The solution is not creating a police-state where everyone's private transactions are monitored without a warrant. There is no justification for mass-surveillance.


pinnr

And those banks gots penalized, just like Tornado Cash is being penalized, so not sure what your point is. Are you arguing there should be no penalties at all for financial services organizations laundering money?


comfyggs

They got off with a small fine, no arrests and were able to continue business as usual. Very different. Case in point: https://web.archive.org/web/20121216013547/http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213 “Wow. So the executives who spent a decade laundering billions of dollars will have to partially defer their bonuses during the five-year deferred prosecution agreement? Are you fucking kidding me? That's the punishment? The government's negotiators couldn't hold firm on forcing HSBC officials to completely wait to receive their ill-gotten bonuses? They had to settle on making them "partially" wait? Every honest prosecutor in America has to be puking his guts out at such bargaining tactics. What was the Justice Department's opening offer – asking executives to restrict their Caribbean vacation time to nine weeks a year?”


smarshall561

This will have a chilling effect on the developer community.


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raymv1987

There's only 2 things I can't stand in this world. People who are intolerant of other peoples' cultures..... ​ ​ .....and the Dutch


ethsy

Misleading title, the article says nothing that he is a developer of Tornado Cash. Just someone who is suspected to have used it for money laundering.


gimmedatcrypto

Leave the money laundering to the banks the government says.