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A comment on Arrest of suspected developer of Tornado Cash. Parent comment

Re:Arrest of suspected developer of Tornado Cash by MrPatan on Friday August 12, 2022 @02:23PM (#32442189)
I hear criminals keep using cash to launder money, but the central banks keep printing cash! Outrageous! Unbelievable behaviour! To jail with the lot, straight away!
[ Parent | on HN ]
Re:Arrest of suspected developer of Tornado Cash by jshen on Friday August 12, 2022 @02:39PM (#32442372)
The vast majority of cash is used for legitimate purposes, the same is not true of tornado cash. They are not remotely in the same ball park.
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Re:Arrest of suspected developer of Tornado Cash by dcolkitt on Friday August 12, 2022 @06:08PM (#32444529)
> Then, by assuming that any cash that the surveyed consumers do not fess up to holding must be held for nefarious purposes, he concludes that 34 to 39 percent of all currency in circulation is used by criminals.[1]

By contrast only 14% of Tornado Cash activity has been traced to illegal activity.

https://www.independent.org/publications/tir/article.asp?id=...

[ Parent | on HN ]
Re:Arrest of suspected developer of Tornado Cash by jshen on Saturday August 13, 2022 @02:11AM (#32447363)
You are using two very different methodologies, which is unsound.
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Re:Arrest of suspected developer of Tornado Cash by MrPatan on Friday August 12, 2022 @04:45PM (#32443681)
Most cash transactions are legitimate, but are you 100% confident that most cash volume is legitimate?
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Re:Arrest of suspected developer of Tornado Cash by colinmhayes on Friday August 12, 2022 @05:29PM (#32444147)
I’m not 100% sure if anything, but I’ll go with 99% sure that most cash transaction is not money laundering.
[ Parent | on HN ]
Re:Arrest of suspected developer of Tornado Cash by MrPatan on Saturday August 13, 2022 @03:23AM (#32447655)
Cool, now answer the actual question. Are you 99% sure that most cash volume is not money laundering?
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Re:Arrest of suspected developer of Tornado Cash by jshen on Saturday August 13, 2022 @08:09PM (#32455005)
I’m sure that far more cash transactions by volume are not money laundering compared to tornado cash. Tornado cash’s only real purpose is money laundering.
[ Parent | on HN ]
Re:Arrest of suspected developer of Tornado Cash by sneed-oil on Monday August 15, 2022 @11:10AM (#32470685)
How can you possibly know that?
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