Ryan Sean Adams

There's a riff on something like Tornado Cash, you know, people like Amin Soleimani, I think Privacy Pool, Xerox, BAO, I believe is what it's called.

And what they're doing is they use a ZK proof to prove that the funds actually aren't OFAC sanctioned, right?

So they don't identify an individual user, but they prove any of the funds that go into this pool.

It's a great example.

And that's a good compromise.

But I still want to push you on this a little bit, which is just like, let's say you no longer have the ability at all to see any data.

No government agents do nothing.

Let's say it's a version of Ethereum and privacy maxis actually win on that.

And everything on Ethereum has the ability to be completely encrypted without any, what, you know, privacy maxis would say, government surveillance or backdoors.

All right.

You lose this ability completely.

It's just like Bitcoin or Ethereum, except everything is encrypted.

In fact, Zcash is kind of this model when they move into sort of shielded transactions.

What do you think about that?

Is that a net good?

One last question on this, which is maybe a question with respect to who's responsible for this or where does the liability lie?

It's been really interesting to observe the Tornado Cash Roman Storm case.

And it seems like the prosecutors, DOJ, Southern District of New York, are making the case that he actually was involved with this and partially responsible for money laundering due to North Korea's actions because he partook in developing this protocol.

Then you had last week the acting attorney general go to a Bitcoin conference and say, code is not a crime.

Non-custodial software developers shouldn't have to sleep with one eye open.