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Cardano Founder Charles Hoskinson Slams U.S. Government For Tornado Cash Sanctions

Charles Hoskinson, the co-founder of the Cardano blockchain platform, has criticized the U.S. government for adding Tornado Cash, a mixer to obfuscate the origins and...
Cardano Founder Charles Hoskinson Slams U.S. Government For Tornado Cash Sanctions Cardano Founder Charles Hoskinson Slams U.S. Government For Tornado Cash Sanctions

Charles Hoskinson, the co-founder of the Cardano blockchain platform, has criticized the U.S. government for adding Tornado Cash, a mixer to obfuscate the origins and destinations of crypto currency transactions, to the list of individuals and entities blacklisted for violating sanctions.

Recently, Tornado Cash, a decentralized protocol for private transactions on Ethereum, was pulled up by the government for facilitating the laundering of over $7 billion in digital assets.

In a video released by Hoskinson, he said that the U.S. government is asserting that software developers are accountable for how their software is used regardless of whether they can control that or not, which is an extremely dangerous precedent.

Hoskinson said, “The protocol in developer understanding that we have as developers is that when we write code, it’s an expression. As long as we don’t get involved in the running and use of that code for purposes, we’re just writing it, it’s like writing a book.”

Tornado Cash “Just Wrote The Code”

“So, for example, you could write a book saying ‘here’s how you make cyanide’ [or] ‘Here’s how you build a bomb,’ these types of things, and for the most part, that’s just words. You’re not telling people to go do this,” he said. “Now, in a free society, we generally allow people to do these types of things, and it’s deeply uncomfortable when they start saying no.”

Giving another example, he said, “if you want to go really far in the extreme, the Linux kernel developers are creating the kernel of an operating system. North Korea could take that kernel, build a proprietary operating system and use that to be an operating system of an ICBM (Intercontinental Ballistic Missile).” He continued, “So hypothetically, you could say the maintainers of the Linux kernel are contributing to the nuclear weapons program of North Korea. You could say that if you wanted to.” “So obviously, that’s absurd,” Hoskinson concluded. “But the problem is that the same legal structure that would allow you to infer blame onto the Tornado Cash developer if they weren’t involved in the use and operation of the system. They just wrote the code that could technically be used this way.”

On the Flipside

  • Industry leaders are developing policies that can advance the preservation of openness and privacy on blockchains and modernize the approach to mapping financial integrity to the technical realities of privacy-preserving public internet protocols.

Why You Should Care

Jack Niewold, the founder of Crypto Pragmatist, an email newsletter on the narratives and assets shaping crypto, said that “the attack on Tornado Cash is an attack on digital freedom.”

Similar Stories on DailyCoin:

Kevin O’Leary Says Tornado Cash Sanction Is a Worthy Price to Pay for Institutional Adoption

Continue reading on DailyCoin

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

Moving Avg:

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USD/CAD

1.3780

+0.0003 (+0.03%)

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↑ Buy

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Neutral

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Gold Futures

2,295.80

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Silver Futures

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Copper Futures

4.5305

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Crude Oil WTI Futures

81.14

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Brent Oil Futures

85.62

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Natural Gas Futures

1.946

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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Buy (4)

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

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FTSE 100

8,144.13

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Hang Seng

17,763.03

+16.12 (+0.09%)

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

-246.40 (-2.22%)

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Neutral

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BASF SE NA O.N.

49.155

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Bayer AG NA

27.35

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Allianz SE VNA O.N.

266.60

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Adidas AG

226.40

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Deutsche Lufthansa AG

6.714

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Siemens AG Class N

175.90

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15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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$2,285.72-47.5-2.04%
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RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
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WTI$80.83+3.390.04%
Brent$85.50+3.860.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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