Freedom.Tech

@Chris_SHA256 Thanks so much for spreading the word, Chris 👊

"Buying, holding, and spending no-KYC Bitcoin is the only way that we’ve ever been able to enjoy financial sovereignty and grow our wealth over time without any risk of censorship, debasement, or theft"

If you only see one picture today, let it be this ridiculous chart showing how ineffective and pointless KYC/AML measures are. #AbolishKYC

@sethforprivacy @L0laL33tz @bradytc_ x.com/freedomtech/st…

@L0laL33tz Was just working on publishing a piece by @bradytc_ that covers this exactly for @freedomtech, the numbers are absurd... freedom.tech/the-benefits-o…

Daily reminder that financial institutions surveil our every move to *checks notes* confiscate 1.1% of criminal proceeds

Read this post and dozens more directly on our blog, freedom.tech, and subscribe there to be the first to read! Join us in the battle for human freedom via technology 🤝

Also not true. None of the founders ran a relayer, and all relayer fees went straight to relayers. The only indirect profit was from potential TORN profits due to economics, including the interaction between how relayers were selected and their TORN holdings/usage. Someone using Tornado Cash did not in any way directly profit the founders.

@freedomtech OK. Thanks for the correction. The suspect ran the relayer, and it was an integral part of the process and charged fees. How's that indirect? He minted a token and sold it and retained 30%. Thereby, directly profiting from every transaction, right?

Tornado Cash dev ruled liable for all illicit use, despite no ability to prevent it ‼️ We'll break down both the ruling itself and the craziness of the precedent set here by the case against Alex Pertsev, a developer and co-founder of the @TornadoCash project 🧵

@BtcCuracao This is a common misconception, there is no direct profit from the smart contract or web front-end, and only indirect profit from the relayer structure + TORN economics.

@freedomtech The developer directly profited. Please correct this statement. Directly by the smart contract charging fees and going to the developer wallet and secondly the ICO structure.

@The_DarkPill @TornadoCash Yes, Alex and his lawyers have started the appeal process. No word on timing for that though.

@freedomtech @TornadoCash Nice thread, thanks for posting. Do you know if Alex is appealing the conviction? I would presume so, but would be interesting to see a follow up on that.

Don't let them be forgotten. #FreeSamourai

@athena_alpha_ @TornadoCash A terrifying possibility, as they make it crystal clear his inability doesn't matter. Perhaps they'd let him be if he doesn't profit and doesn't work on it? Hard to know in this crazy world.

@freedomtech @TornadoCash Serious question, given TC is still out there and usable by anyone, if more criminals use it now or later on... does the court come back and put him in jail for even longer???

@ameensol Thanks for sharing, Ameen 🤝

great thread 🧵👇

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Conclusion In a complete victory for the Dutch government, Alex Pertsev was given the longest possible sentence, despite his complete inability to prevent illicit usage on Tornado Cash. In doing so, the Dutch court system has set a heinous precedent, declaring that any developer of a decentralized, unstoppable protocol or tool should be held responsible and criminally liable for all of its usage in perpetuity. This verdict could have wide-reaching implications, as much of the privacy landscape relies on decentralized, unstoppable tools or protocols like the Tor network, Bitcoin, Monero, SimpleX, and many others. I urge those of you reading this to consider the implications of this conviction and do everything you can to encourage, sustain, and defend open-source developers working on privacy tools. We are officially in the "then they fight you" stage. Lastly, we at Freedom.Tech continue to stand with Alex despite this conviction. #FreeAlex.