Roman S @rstormsf
Opinions are my own. Joined November 2014-
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Roman & Alexey are running out of resources and need urgent help to make it through 2024. Proposals to donate are up for discussion in @Optimism, @aave, @MakerDAO, @yearnfi, @AlchemixFi, and @Uniswap forums. If you're a delegate or community member, please show your support.
Tidy explainer on why SEC's actions across the industry, SBF's downfall, and CZ's four months in the can, are nothing compared to what's at stake for Tornado Cash dev Alexey Pertsev. h/t @EddieRob235 dlnews.com/articles/regul…
imagine a dev with that level of understanding. you would run away from his project immediately.
Money requires excludable control, especially to possess and transfer possession. This argument from the US SDNY uses a sense of 'transfer' that has nothing to do with the transfer of possession but the transfer of physical quantities (which resist excludable control at…
Josh Swihart, CEO of Electric Coin Co (which is wholly owned by the Bootstrap Foundation, a non-profit) announces that ECC will refuse to accept direct Dev Funds from the Zcash blockchain, and advocates for a “grants-based” model instead. electriccoin.co/blog/eccs-posi… ⤵️
these are the footnotes in DoJ's argument about usb cables transferring data and frying pans transferring heat
these are the footnotes in DoJ's argument about usb cables transferring data and frying pans transferring heat
Knife fight master @ameensol from @0xbowio rallies the crowd with “PRIVACY IS → NORMAL” at #ETHDam 2024. Ameen highlighted challenges developers face amid legal & regulatory scrutiny, shedding light on crucial industry insights for us all to consider. 👉youtu.be/PN7kZDL6ar4
In an insidious move the DoJ seems to have ignored longstanding guidance about what does and does not constitute a money transmitter. Coin Center's analysis: coincenter.org/dojs-new-stanc…
I am deeply concerned by the Biden administration criminalizing core tenants of the Bitcoin network and decentralized finance. My full statement. ⬇️
The battle is just beginning, and we're facing many more hours of costly legal work. My assets are significantly restricted while I'm on bail. If you're able to assist, please do
The battle is just beginning, and we're facing many more hours of costly legal work. My assets are significantly restricted while I'm on bail. If you're able to assist, please do
Make no mistake. If the prosecution successfully argues unlicensed money transmission in either case it will overturn all of the good guidance and administrative rulings we've gotten from the actual federal AML regulator, FinCEN, over the last 10 years. The Tornado Cash reply…
America, home of the free. Where you will be accused of crimes for choosing not to design software the way the government wants you to design software:
That wallet in your pocket? it's a money transmitter. How do I know? Because the DOJ says that if you can only put money into it and take money out of it, then you don't actually have control over it, the wallet developer does.
We’ve received a lot of questions about the US DOJ’s recent actions against non-custodial wallets & devs - specifically in the Tornado Cash case and Samourai Wallet indictment. To help answer the questions and provide an expert point of view, we’re hosting a Space tomorrow with…
It's one thing to do "regulation by enforcement," as we've arguably seen from the SEC. It's even worse to see the DOJ engage in regulation by criminal prosecution. That's exactly what is happening with the unlicensed money transmission charges against Tornado Cash and Samourai…
It's one thing to do "regulation by enforcement," as we've arguably seen from the SEC. It's even worse to see the DOJ engage in regulation by criminal prosecution. That's exactly what is happening with the unlicensed money transmission charges against Tornado Cash and Samourai…
FYI the 10 years of clear guidance from FinCEN that says that money transmission in crypto requires control over the funds is irrelevant because pans transfer heat and usb cables transfer bits without controlling heat and bits.
Conclusion: the DOJ wants to be able to make it drastically harder to use cryptocurrency It seems clear to me in reading through this that the DOJ seeks to widen the net on what can be considered an MSB, allowing them to apply the subsequent regulations (and potential…
Positive: publishing code is still considered protected In one of the few bright spots, the DOJ makes it clear that the issue for Tornado Cash was not publishing the smart contracts, but rather building a profitable business around them. (My reading of this may be too generous,…
FinCEN's guidance is worthless While we have spent so much time wondering how the FinCEN guidance from 2019 on VASPs, mixers, and wallet providers should be viewed, the government didn't mince words: All that worrying was pointless, as even the government considers it useless…
They won't stop with "mixers," they're coming for self-custody too ‼️ While this government response is not yet enshrined in law or precedent, it paints a much clearer picture of how the state views not only the place of privacy tools, but even that of self-custodial wallet…
They won't stop with "mixers," they're coming for self-custody too ‼️ While this government response is not yet enshrined in law or precedent, it paints a much clearer picture of how the state views not only the place of privacy tools, but even that of self-custodial wallet…
Evan Van Ness 🧉 @evan_van_ness
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8K Followers 4K Following Not your financial advisor. semi-retired, $ETH $BTC, non-maximalist, Tardfi insights, whistleblower 🦇🔊 🛡️‼️BREAKING‼️ Monero will be delisted from Kraken Germany on July 10th‼️ Users will also have to re-do KYC & accept new ToS‼️ Other notable delistings include: ZCash, Secret Network, Nym but also non-privacy coins like Nano, ICP, Sui, Aptos & Mina support.kraken.com/hc/en-us/artic…
Never date a woman who is older than 25 as a male. 15 Reasons Why: 1. You want a woman in her prime, not a woman past her prime.
Lawyers are often asked how to “eliminate all legal risk.” The answer is simple: don’t get out of bed in the morning. Don’t talk to anyone, ever. Also, don’t do anything. (This is also a great recipe for eliminating all chances of success)
MASSIVE BRREAKING: New research co-authored by a former Greenpeace activist and an environmental economist (Ph.D.) confirms that #Bitcoin mining is a powerful tool to cleanup the environment and mitigate methane emissions. THIS PAPER SHOWS THAT: 🌎Bitcoin is good for the…
ChatGPT is not a good lawyer (obvious disclaimer) but it is usually logically consistent. So if you can box it into a corner, it may indicate that your arguments are good (because it can't find anything in it's corpus that contradicts your claims). With that, check out my…
.@jp_koning wisely stopped arguing back to peter, who dealt with this the normal way: continuing the argument with an AI
ChatGPT is not a good lawyer (obvious disclaimer) but it is usually logically consistent. So if you can box it into a corner, it may indicate that your arguments are good (because it can't find anything in it's corpus that contradicts your claims). With that, check out my…
We’re pretty rapidly and consciously heading towards a future where everything you do on the Internet requires government ID, with basically no attention paid to the consequences of that (indeed, the consequences of that may be the whole point.)
Canada seems to be speeding ahead with a wildly draconian age-verification bill that would more or less lead to a future where everyone has to upload their ID or get their face scanned or something similarly invasive to read and express themselves online michaelgeist.ca/2024/01/bill-s…
Communication does not lose constitutional protection as “speech” simply because it is expressed in the language of computer code. - excerpt from the first appellate decision in Universal City Studios, Inc. v. Corley 273 F.3d 429 (2nd Cir., 2001)
@giacomozucco Zcash meaningfully advanced *what cryptocurrency could DO,* and that's what I admired about it. And my primary criticism of Bitcoin is still, so many years later, that they haven't addressed its enormous on-chain privacy problem. Cheers.
a new 7777 $DEGEN poidh bounty has been created for anyone who adds a .05 ETH (or higher) donation to the Alexey & Roman @juiceboxETH fund: juicebox.money/@free-pertsev-… after donating, you can claim via 👉 degen.poidh.xyz/bounty/206
Contribute 0.05 ETH or more to Roman & Alexey's legal defense fund on @juiceboxETH and you can claim a 7777 $degen bounty (~ $150) on @poidhxyz. Details below.
a new 7777 $DEGEN poidh bounty has been created for anyone who adds a .05 ETH (or higher) donation to the Alexey & Roman @juiceboxETH fund: juicebox.money/@free-pertsev-… after donating, you can claim via 👉 degen.poidh.xyz/bounty/206
Government lawyers have drafted a lot of insulting tyrannical arguments in their quest to justify mass surveillance and central planning, but their brief against Tornado Cash is the most triggering of all. Absolutely no regard for the law, or basic semantics, even. Insulting.
That wallet in your pocket? it's a money transmitter. How do I know? Because the DOJ says that if you can only put money into it and take money out of it, then you don't actually have control over it, the wallet developer does.
@jp_koning There is no argument that the Tornado Cash prosecution will buy from the defense. They will deny every argument, no matter how sound, and stick to their frying pans transmit heat arguments.
These Wells notices seem to be Gary Gensler's desperate, last-ditch attempts to intimidate and antagonize digital asset innovators.
SEC Wells Notice to Robinhood Crypto continues trend of probes in digital asset industry theblock.co/post/292687/se…
NEW: @super_testnet releases Emessbee: Unstoppable Coinjoins with No Coordinator 👀
Roman & Alexey are running out of resources and need urgent help to make it through 2024. Proposals to donate are up for discussion in @Optimism, @aave, @MakerDAO, @yearnfi, @AlchemixFi, and @Uniswap forums. If you're a delegate or community member, please show your support.
The battle is just beginning, and we're facing many more hours of costly legal work. My assets are significantly restricted while I'm on bail. If you're able to assist, please do
Privacy is normal. Roman & Alexey are fighting for our right to privacy and to publish code. Their fight is our fight. Please consider donating if you have the means, links in the next post.
Can you imagine being able to Google your friend’s bank account number to see how much money they have...? But we’re OK with Googling anyone’s Ethereum wallet?
You can't have freedom without privacy.
Tidy explainer on why SEC's actions across the industry, SBF's downfall, and CZ's four months in the can, are nothing compared to what's at stake for Tornado Cash dev Alexey Pertsev. h/t @EddieRob235 dlnews.com/articles/regul…
So far this year, the US government is going after: - Uniswap - Consensys - CZ - Bitcoin Jesus - Tornado Cash Devs - Samurai Wallet Devs - Coinbase - Binance Are we missing anyone?