Re:Tornado Cash and collateral damage
by acdha on Thursday August 18, 2022 @11:52PM
(#32517438)
What are you basing “most” on? It’s kind of hard to tell, after all. Do you think that “most” is roughly the same by volume?
I’d bet that there’s a chance a majority of users aren’t breaking local laws, at least if you exclude small scale tax evasion, but it takes an awful lot of people who care enough about privacy to pay extra for it to balance out the $450M USD-equivalent which just one North Korean group is alleged to have laundered. People who care about privacy will use it some of the time if they remember but someone with a lot of stolen money is going to use it every time and that will start to dominate the transaction volume, especially any time gas fees go up and people who don’t need to decide they don’t care that much.
I’d bet that there’s a chance a majority of users aren’t breaking local laws, at least if you exclude small scale tax evasion, but it takes an awful lot of people who care enough about privacy to pay extra for it to balance out the $450M USD-equivalent which just one North Korean group is alleged to have laundered. People who care about privacy will use it some of the time if they remember but someone with a lot of stolen money is going to use it every time and that will start to dominate the transaction volume, especially any time gas fees go up and people who don’t need to decide they don’t care that much.