The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions - Ep. 392

Published: Sept. 3, 2022, 7:30 a.m.

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi and Tom Schmidt chop it up about the latest news in the digital asset industry. In this episode, Jill Gunter, the empress of Espresso, also joined the conversation.\xa0\n\xa0\nShow topics:\n\nWhether product management is the new consulting\n\nWhat is going to happen with macroeconomics and whether monetary policy is data-driven\n\nWhy Jill\u2019s faith is getting renewed, especially after listening to Fed authorities\n\nThe TL;DR on the Ava Labs conspiracy story\n\nWhy the industry needs a decentralized RPC\n\nThe role of Flashbots and Ethermine in censoring transactions\xa0\n\nPotential over-compliance from the biggest crypto projects on how to deal with sanctioned addresses\n\nWhether social slashing allows Ethereum to stay uncensored\n\nThe importance of educating regulators on crypto\n\nWhat Haseeb thinks lawyers would recommend to Coinbase about validating transactions from sanctioned addresses\n\nThe significance of both transactional and application-layer privacy\n\nHow stablecoin providers need to implement some basic levels of privacy\n\nWhy corporations do not run Ethereum and whether users are pro-OFAC restrictions\n\n\nHosts\n\nHaseeb Qureshi, managing partner at Dragonfly Capital\n\nhttps://twitter.com/hosseeb\n\nTom Schmidt, general partner at Dragonfly Capital\n\nhttps://twitter.com/tomhschmidt\n\n\xa0\nGuest\nJill Gunter\nTwitter: https://twitter.com/jillrgunter\n\n\nEpisode Links\n\xa0\nTornado Cash\n\n\n Treasury Press release\xa0\n\n\n Tornado Cash developer arrested\xa0\n\n Circle freezes USDC in sanctioned wallets\n\n Crypto exchange dYdX blocked accounts that received funds from Tornado Cash\n\n What the sanctions mean for privacy coins\n\n Celebrities get dusted\n\nPrevious coverage of the Tornado Cash Sanctions on Unchained:\n\n\n Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No\xa0\n\n Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?\n\n The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?\n\nAva Labs Accusations:\n\n\n CoinDesk article\xa0\n\nCrypto Leaks article\n\n\xa0\nSocial Slashing and Censorship on ETH\n\n Axios summary of the situation\n\n BitMex research on how the sanctions affect Ethereum\n\n Ethermine banning transactions\n\n Nic Carter\u2019s article\n\n Eric Wall\u2019s article on social slashing\n\n Hetzner banning Ethereum users\n\nPrevious Coverage on Unchained\n\n Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices