Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? - Ep. 390

Published: Aug. 30, 2022, 7:30 a.m.

b'Show highlights:\\n\\nthe legal meaning of the OFAC sanctions on Tornado Cash and why it is causing complications\\n\\nhow legislation is built for the fiat world, and how in DeFi and crypto there\\u2019s no clarity\\xa0\\n\\nhow miners have changed their behavior prior to the Merge\\n\\nwhether a proof of work chain or a proof of stake chain would be more censorship resistant\\n\\nwhether laws apply to validators in a PoS chain\\n\\nthe ways in which the government could provide more clarification\\xa0\\n\\nthe different entities involved in Proof of Stake\\n\\nthe liabilities for each entity in PoS and what secondary liability is\\n\\nhow the task of the bidder can be described as a mathematical optimization problem\\n\\nwhether Lido is exposed to US regulations\\n\\nhow long would it take for a large staker like Coinbase to stop being a validator\\n\\nhow a user-activated soft fork works and the conditions in which a fork could happen\\n\\nwhether social slashing is enforceable considering it is not in the protocol\\n\\nthe likelihood of Ethereum becoming a permissioned system\\n\\nthe role of Flashbots\\u2019 relay code and what it means for Ethereum\\u2019s censorship resistance\\n\\nhow DeFi\\u2019s exposure to US-based institutions can affect the likelihood of the chain complying with sanctions\\n\\nwhether DAI is just wrapped USDC\\n\\nhow MakerDAO is trying to be more independent of USDC\\n\\nwhy US-based companies will choose a conservative path, considering the lack of guidance\\n\\nthe importance of educating the regulators\\xa0\\n\\nhow cash and crypto are the only remaining private payment methods\\xa0\\n\\nThank you to our sponsors!\\n\\xa0\\nCrypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\\nAva Labs: https://avax.network\\na16z: https://link.chtbl.com/HObAJQDL?sid=unchained\\n\\xa0\\nAndrew\\nTwitter: https://twitter.com/propelforward\\n\\xa0\\nMartin\\nTwitter: https://twitter.com/koeppelmann\\n\\xa0\\nPrevious Coverage of the Tornado Cash Sanctions on Unchained:\\n\\nIs TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No: https://unchainedpodcast.com/is-trm-labs-blocking-addresses-from-defi-protocols-ari-redbord-says-no-ep-387/\\n\\n\\nTornado Cash Sanctioned. Did the Government Overstep Its Bounds?: https://unchainedpodcast.com/tornado-cash-sanctioned-did-the-government-overstep-its-bounds-ep-384/\\n\\n\\nThe Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?: https://unchainedpodcast.com/the-chopping-block-did-ofac-overstep-by-sanctioning-tornado-cash-ep-386/\\n\\n\\n\\xa0\\n\\xa0\\nSocial Slashing and Censorship on ETH\\nAxios summary of the situation: https://www.axios.com/2022/08/23/how-transactions-might-be-censored-after-ethereum-changes-next-month\\nBitMex research on how the sanctions affect Ethereum: https://blog.bitmex.com/ofac-sanctions-ethereum-pos-some-technical-nuances/\\nEthermine banning transactions: https://twitter.com/takenstheorem/status/1560690035955011585?s=20&t=59hWdhr8_O-hYA8uYnZJ8w\\nNic Carter\\u2019s article: https://www.coindesk.com/layer2/2022/08/25/if-ethereum-starts-slashing-it-burns/\\nEric Wall\\u2019s article on social slashing: https://ercwl.medium.com/the-case-for-social-slashing-59277ff4d9c7\\nCoinDesk article: https://www.coindesk.com/tech/2022/08/23/as-censorship-on-ethereum-begins-could-this-open-sourced-code-help-counter-it/?outputType=amp\\nHetzner banning Ethereum users: https://twitter.com/koeppelmann/status/1563146729314467840?s=20&t=ubFhCQqrQyHKfflgMHEmJw\\n\\xa0\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'