Crypto Twitter Indignant at Tornado Cash Developments
DeFi

Crypto Twitter Indignant at Tornado Cash Developments

3ในการอ่าน
3 months ago

The cryptosphere on Twitter made its anger heard over privacy concerns.

Crypto Twitter Indignant at Tornado Cash Developments
After the U.S. government put Tornado Cash on its infamous sanctions list, Dutch authorities arrested a 29-year-old developer involved with writing the protocol's code.

This drew the ire of Crypto Twitter, with several voices in the community speaking out against the developments.

Ryan Sean Adams of Bankless pointed out that the developer merely wrote open-source code and cannot be held responsible for the actions of those using it:

Luis Cuende, the co-founder of Aragon, an open-source software project that helps projects manage decentralized autonomous organizations, struck a similar, albeit more radical tone:

Daniel Buchner, who works on decentralized identity solutions at The Block, pondered the effects on developers of open-source software:

Industry expert Cobie kept it more succinct than his colleagues, although the message was the same:

Tom Robinson, chief scientist at blockchain analytics firm Elliptic, echoed these concerns about a possible war on code:

Elsewhere, crypto think tank Coin Center pointed out that the sanctions are " a limit on any American who wishes to use her own money and a freely available software tool to maintain her own privacy – including for otherwise entirely legal and personal reasons."
Even Vitalik Buterin admitted to having used Tornado Cash to donate to Ukraine.

With the wider implications for crypto still unknown, some commentators already quipped that DeFi is becoming FedFi:

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.
6 people liked this article