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asojfdowgh | 3 years ago

"breaking the chain of public transactions" sounds remarkably similar to "concealment of the origins of" for some reason.

discuss

order

marcell|3 years ago

It's only money laundering if you are concealing the origins of money from an illegal activity.

I can use Torando Cash to conceal the origins of my paycheck, for example to preserve my privacy when transacting with peers.

JumpCrisscross|3 years ago

> can use Torando Cash to conceal the origins of my paycheck, for example to preserve my privacy when transacting with peers

Probably. After it’s been publicly outed as a known money laundering venue, however, you should switch to another service. It’s also reasonable for everyone who deals with you henceforth to subject you to additional scrutiny, to make sure you were not in face laundering. Because while the privacy vs. friction tradeoff may be acceptable to you, it’s not to everyone, and just as you have a right to privacy they have a right to not associating with you.

arcticbull|3 years ago

But there's no reason to do that unless you're trying to hide a crime.

I'm sympathetic to the free speech argument, but also, if I put up plans for the Kitty Murdulator 9000 whose principally designed to kill kitties, then yeah I'd call that bad. Like sure you could do something else with it I guess, maybe, but it's clearly designed for one thing, and one thing only.

Don't want your transactions to be public? Use a bank like a normal person.

rattlesnakedave|3 years ago

I deposit 100 ETH to tornado, wait a while, and withdraw in 10 ETH increments. There is still no explanation for the origin of the funds. Money laundering is made up of placement, layering, and integration. Tornado did only one of these (kinda).

saalweachter|3 years ago

Now imagine you use those anonymous 10ETH chunks to buy NFTs from yourself, or invest in your own ICO, etc etc etc.