Thomas
@aviationdoctor.eth
1032 Following
117725 Followers
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“In late 2022, OFAC […] blacklisted Tornado Cash for its role in laundering virtual currency for malicious cyber actors. The […] users of Tornado Cash […] argue that Tornado Cash’s inclusion on the SDN [Specially Designated National and Blocked Persons] list exceeded OFAC’s statutory authority. The district court disagreed […] Contrary to the [Treasury] Department’s arguments, the immutable smart contracts are not services. So even when we consider OFAC’s regulatory definitions, the immutable smart contracts are not property because they are not ownable, not contracts, and not services. […] We hold that OFAC exceeded its statutory authority […] Accordingly, we reverse and remand to the district court with instructions to grant [the plaintiffs] partial motion for summary judgment.”
— US Court of Appeals, Nov. 26, 2024
Massive W for Ethereum, cypherpunk values, & crypto in general. The TC contract address might soon get removed from the OFAC’s SDN 🎉 No more censorship FUD either 7 replies
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Ok, new idea to speedrun this whole meme coin mania into the ground and put it behind us.
You may be familiar with the Library of Babel website — it uses an algorithm to procedurally generate every possible book of 410 pages with 40 lines of 80 characters each. The number of combinations is 32 possible characters raised to the power of 410 x 40 x 80 = 32^1,312,000.
In similar fashion, let’s just let loose a @clanker on steroids that programmatically starts creating every possible token in alphabetical order at the fastest possible rate, starting with all one-letter names, then two-letter names, etc.
That way, if you can think of a token, it already exists somewhere and has zero value.
Suck any meaning, however flimsy, out of token creation 8 replies
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If the last ten years have taught me anything, it’s the importance of patience and thoughtfulness in decision making.
I used to hold a double-digit stack of BTC, and sold them all in 2015 in protest of both the project’s technical direction (small blocks, Segwit, Lightning, etc.) and abusive straying from its cypherpunk roots (censorship, Blockstream’s capture, etc).
In hindsight, it was an expensive mistake, because the upside of hodling (now I the millions of dollars) was at least two orders of magnitudes greater than the downside (tens of thousands). I wish I had read Antifragile and learned to navigate asymmetrical bets sooner.
Not long after, I also resigned in protest of being passed for Partner promotion at a Big Four, against the advice of my peers. I eventually made it at a different firm, but I took a needlessly circuitous route to get there. 1/3 15 replies
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The generic hotel experience, based on years of international road warrioring: 🧵
1/4 The check in agent must spend eight minutes mysteriously typing away at their computer and running back and forth to their colleague at the next counter while you stand there. Checking in online, indicating your arrival time, getting your digital room key on the app, being a regular guest, etc. does not change that at all.
When you first enter the room, the TV is always on, blasting obnoxious muzak on loop, and displaying “Welcome” followed by your last name in all caps. Your first order of business will be to frantically locate the hidden remote.
Your next order of business will be to collect and put away all the random cards, leaflets, welcome letters, spa information, and no smoking reminders that litter the bed, bedside tables, desk, and minibar countertop, like in a deranged mini Easter egg hunt sans the yummy chocolate. 3 replies
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