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

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 3 September 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. Show topics: Whether product management is the new consulting What is going to happen with macroeconomics and whether monetary policy is data-driven Why Jill’s faith is getting renewed, especially after listening to Fed authorities The TL;DR on the Ava Labs conspiracy story Why the industry needs a decentralized RPC The role of Flashbots and Ethermine in censoring transactions Potential over-compliance from the biggest crypto projects on how to deal with sanctioned addresses Whether social slashing allows Ethereum to stay uncensored The importance of educating regulators on crypto What Haseeb thinks lawyers would recommend to Coinbase about validating transactions from sanctioned addresses The significance of both transactional and application-layer privacy How stablecoin providers need to implement some basic levels of privacy Why corporations do not run Ethereum and whether users are pro-OFAC restrictions Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Guest Jill Gunter Twitter: https://twitter.com/jillrgunter Episode Links Tornado Cash Treasury Press release Tornado Cash developer arrested Circle freezes USDC in sanctioned wallets Crypto exchange dYdX blocked accounts that received funds from Tornado Cash What the sanctions mean for privacy coins Celebrities get dusted Previous coverage of the Tornado Cash Sanctions on Unchained: Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No Tornado Cash Sanctioned. Did the Government Overstep Its Bounds? The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash? Ava Labs Accusations: CoinDesk article Crypto Leaks article Social Slashing and Censorship on ETH Axios summary of the situation BitMex research on how the sanctions affect Ethereum Ethermine banning transactions Nic Carter’s article Eric Wall’s article on social slashing Hetzner banning Ethereum users Previous Coverage on Unchained Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not a dividend.
0:01.2	It's a tale of two pawns.
0:02.3	Now, your losses are on someone else's balance.
0:05.1	Generally speaking, air drops are kind of pointless anyways.
0:07.7	I manage trading firms who are very involved.
0:10.6	I like that eat the ultimate pawns.
0:12.8	DeFi protocols are the antidote to this problem.
0:17.4	All right, hello, everybody.
0:18.9	Welcome to the chopping block.
0:20.5	Every couple of weeks, usually four of us get together
0:23.6	and give the industry insider's perspectives
0:25.4	on the crypto topics of the day.
0:27.4	So we're broadcasting this one live here from Palo Alto.
0:30.8	We're all in town for the Stanford Blockchain Conference.
0:33.1	So quick intros.
0:34.3	First of all, we've got Tom, the DeFi Maven,
0:36.2	and Master of Neams.
0:38.0	Actually, Taroon could make it today.
0:39.0	So Jill is our stand in Taroon.
0:41.1	So she is the Empress of Espresso.
0:43.4	Thanks for joining us, Jill.
0:44.8	And then we've got myself.
	...

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