Subnostr

But it's more complicated than that. Of course it is, sigh. And that's the green arrow on the right: speculators. These are not people in the business of laundering money. They don't (necessarily) use the Tornado Cash system. They simply buy the token because number go up. Some people might call them degens.

So now when the price goes up and founders sell some tokens, where did those profits originate? From crime or from speculation? The DoJ makes zero effort, at least in what they published, to distinguish this. But will a judge / jury understand that? Or care? We'll find out.

Sjors Provoost 2y ago

But wait, there's more. What's unique about the founders is that they have control over the hosting. . That's what's represented with the dashed line to the UI. They also put in more work in the form of writing code, marketing, etc.. The DoJ mentions all that in order to argue they're a business.

But what about that DAO? It seems to control rather important stuff like how the relay selection works. Hence the other dotted line from TORN token holders to that DAO and from the DAO to the UI. So this begs the question what the liability is for the other token holders.

Control aside, all token holders make money if the price goes up. So what happens to the VC if they ever decide to take profit?

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