jonwu.eth Profile picture
Sep 13, 2022 • 14 tweets • 3 min read • Read on X
Are you going to jail for interacting with Tornado Cash?

Well, today we find out!

I read US Treasury's OFAC office Tornado Cash FAQ's so you don't have to:

(Note: I'm not a lawyer 🤠)
On getting money out of Tornado Cash:

You can do it!

...if you apply for an individual withdrawal license which includes furnishing provenance for your funds:

home.treasury.gov/policy-issues/… Image
On getting "dusted" by Tornado Cash-tarnished funds:

Technically you are still liable! And you still have to report all blocked funds to OFAC.

...but they won't delay processing your report of blocked property. Image
On using Tornado Cash at all:

No, absolutely not, nein, nyet, non. Image
On the mere mention of (whispers) *Tornado Cash* being a punishable thought crime:

It's not a thought crime!

You can:
- copy the code
- discuss it
- show it to others
- include it in written text Image
And...that's it.

What of course OFAC fails to address here is the sanctity of deployed Ethereum code as speech.
In other words, if I deploy credibly neutral technology that ends up being used by adversaries of the United States, OFAC is saying by omission that they can still levy sanctions.
Before you get mega upset, it's worth noting that the Office of Foreign Assets Control (OFAC) has a very specific purpose and mission:

To serve America's national security and foreign policy interests.

It's an intelligence agency, not a regulator.
In other words, OFAC doesn't know or need to know about Ethereum, consumer privacy, immutable contracts.

That's not its mandate.

It knows:

North Korea bad.

Tornado Cash seem help North Korea.

Tornado Cash bad.

Me do sanction.
It's sort of like the CIA seeing that North Korea used Tornado Cash, except instead of sending SEAL Team 6 to execute an extralegal assassination of the devs, it used its mandate to freeze assets in place.
So don't get it twisted:

OFAC is only here a regulator in the Warren G sense of the word--by depriving foreign adversaries of access to U.S. (and U.S. citizens') assets.

The history of OFAC as an intelligence agency is actually fascinating, but that's for another thread.
For the full list of Tornado Cash FAQ's see here:

home.treasury.gov/policy-issues/…
Follow me for more news to help relax your pucker and take you from 😖 to 😌

@jonwu_
this thread is for sure getting suppressed, he said to no one in particular

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More from @jonwu_

Feb 16
I saw a headline that went unnoticed yesterday:

"White House confirms US has intelligence on Russian anti-satellite capability"

Here's what would happen if an adversary took out America's global positioning system:

(+ why you should have 30 days of supplies)
People are sleeping on the threat of anti-satellite weapons.

Even the White House downplayed the threat.

Spokesman John Kirby said it was "troubling," but claimed no immediate threat and that anti-satellite weapons couldn't cause physical destruction on Earth's surface.
So why then are anti-satellite weapons so "troubling?"

Because destroying GPS--a constellation of 31 satellites owned and operated by the US government--would send us back to the stone ages.
Read 25 tweets
Feb 15
The recent discourse on airdrops upsets me deeply, and probably not for the reason you think.

I personally understand the difficulty of managing users who demand compensation for their participation.

I've been through it and it isn't easy.

But--guess what?

That's the deal.
To be even more explicit about what the deal is:

"You put your hard-earned money into our protocol, and we will pay you."

That's what we all signed up for.
That is the precedent, expectation, and culture, first established by the Uniswap airdrop and expanded and iterated on by all its successors.

You can be in denial about reality, but that doesn't mean it isn't true.
Read 16 tweets
Jan 3
2024 is going to be an insane year.

It's not too late to get ahead of it and make a plan.

You can do this exercise in an afternoon to win your year:

(Bookmark this!)
I just finished my third year doing yearly planning with @maggielove_.

We've simplified our system to just three components:

- reflection
- planning
- accountability

Here's how it works:

↓
First, look back at 2023 and chart out the year :

- travel
- major events
- illnesses/injuries

Below that, craft a few summaries:
- accomplishments/failures
- lessons
- who influenced you

It will become obvious what 2023 was "about." Image
Read 20 tweets
Dec 19, 2023
If you pay someone to do something, they're more likely to do it.

"Show me the incentive and I'll show you the outcome"...right?

Wrong.

Money is a special type of good, and paying someone money to do something might make them want to do it LESS:
This outcome was explored by the extraordinary study and paper "A Fine is a Price" by Prof Uri Gneezy.

In it, the designers predict something called the deterrence hypothesis:

Assessing fines will lead to less of the fined behavior. Image
The setting?

A daycare where parents were perpetually late picking up their kids from daycare, forcing teachers to stay late.
Read 12 tweets
Dec 15, 2023
I was spending way too much time on my phone.

Until I discovered grayscale.

Grayscaling is a simple way to break the addiction.

But did you know iOS lets you automatically turn grayscale on and off depending on the apps you're in?

Here's how to reduce your screentime by 50%+: Image
First, if you don't know how to do the most basic trick of turning grayscaling on and off, navigate to:

Settings > Accessibility > Display & Text Size > Color Filters

And set your Color Filter to "Grayscale." Image
Then, navigate to:

Settings > Accessibility > Accessibility Shortcut

And set the Accessibility Shortcut (triple-clicking the side button) to "Color Filters." Image
Read 11 tweets
Dec 13, 2023
Everyone's talking about crypto points.

Points are a new incentive primitive that significantly increase the scalability and utility of ERC-20's and will be the key innovation of this bull market.

You can think of points as off-chain derivatives:
Points essentially contain the right but not the obligation to redeem for underlying ERC-20s at a future date.

Points rely on highly performant off-chain database systems called Servers to store and verify individual point balances.
While Servers require slightly higher trust assumptions, they are approximately 100 MILLION times more performant than Ethereum Layer 1.

Networked Servers can also be utilized to create redundancy and improve data guarantees.

Meaning: points are scalable.
Read 7 tweets

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