Privacy Tools and Compliance
This blog discusses the effectiveness of privacy tools and compliance in relation to government pressure. It uses the example of Wasabi and Tornado Cash to compare the ease of shutting down Wasabi versus the censorship of entrants using Chainalysis.
Seth For Privacy
Freedom maximalist || Privacy advocate || Head of Content for @FOUNDATIONdvcs || Host of @optoutpod, a privacy-focused podcast.
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The example @nopara73 gives is also hilariously ironic, as Tornado Cash did *the exact same thing* and censored entrants using Chainalysis and it didn't help them at all. https://t.co/WL7IiUZ8SD
— Seth For Privacy (@sethforprivacy) April 15, 2023 -
If whatever gov is supposedly pressuring Wasabi thought their tool worked and their compliance wasn't enough to prevent privacy, why wouldn't they have shut it down like Tornado Cash? 🤔
— Seth For Privacy (@sethforprivacy) April 15, 2023
Much easier to shutdown Wasabi then Tornado Cash. -
You either build a tool that can outlive and move on if you can't stand the heat, or you stop trying to build cypherpunks tools in the open.
— Seth For Privacy (@sethforprivacy) April 15, 2023
Bending the knee *never* works and only maximizes harm to users. -
If Wasabi truly wanted to keep going without compliance they should just ship a decentralized coordinator model, stop taking fees themselves, and then there is no current regulatory grounds to target them under.
— Seth For Privacy (@sethforprivacy) April 15, 2023 -
If you want to learn more about how governments pressure and shut down privacy tools for cryptocurrency read these articles by @darkdot_:https://t.co/12hWPcNJN1https://t.co/EoGaCo2eja
— Seth For Privacy (@sethforprivacy) April 15, 2023 -
One correction, I meant to say the generic term "chain analysis" or "chain surveillance" in the OP, as the actual surveillance company @wasabiwallet pays/funds is not public.
— Seth For Privacy (@sethforprivacy) April 16, 2023
Your fees go to an unnamed surveillance company 🙃 -
One correction, I meant to say the generic term "chain analysis" or "chain surveillance" in the OP, as the actual surveillance company Wasabi pays/funds is not public.
— Seth For Privacy (@sethforprivacy) April 16, 2023
Your fees go to an unnamed surveillance company 🙃