Unchained

The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions - Ep. 392

Sep 3, 2022

In this enlightening discussion, Jill Gunter, the Empress of Espresso and a key voice in DeFi, joins crypto insiders Haseeb Qureshi and Tom Schmidt. They delve into whether product management is nudging out traditional consulting roles. Jill shares her renewed faith in macroeconomics following insights from Fed authorities. Key topics include the over-compliance risks for crypto projects with Tornado Cash sanctions and the crucial need for educating regulators. They also debate issues of privacy in Ethereum's landscape, examining how social slashing could help maintain decentralization.

59:44

Creator website

Episode guests

Jill Gunter

AI Chapters

Episode notes

Intro

2min

The Culture of Stanford Dropouts and the Shift in Tech Careers

2min

The Evolving Landscape of Tech Jobs and Macroeconomic Anxiety

3min

Navigating Crypto's Macroeconomic Tides

8min

The Tornado Cash Compliance Dilemma

19min

Navigating Privacy and Regulation in Ethereum's DeFi Landscape

19min

Navigating Ethereum's Regulatory Landscape

6min

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi and Tom Schmidt chop it up about the latest news in the digital asset industry. In this episode, Jill Gunter, the empress of Espresso, also joined the conversation.

Show topics:

Whether product management is the new consulting
What is going to happen with macroeconomics and whether monetary policy is data-driven
Why Jill’s faith is getting renewed, especially after listening to Fed authorities
The TL;DR on the Ava Labs conspiracy story
Why the industry needs a decentralized RPC
The role of Flashbots and Ethermine in censoring transactions
Potential over-compliance from the biggest crypto projects on how to deal with sanctioned addresses
Whether social slashing allows Ethereum to stay uncensored
The importance of educating regulators on crypto
What Haseeb thinks lawyers would recommend to Coinbase about validating transactions from sanctioned addresses
The significance of both transactional and application-layer privacy
How stablecoin providers need to implement some basic levels of privacy
Why corporations do not run Ethereum and whether users are pro-OFAC restrictions

Hosts

Haseeb Qureshi, managing partner at Dragonfly Capital
https://twitter.com/hosseeb
Tom Schmidt, general partner at Dragonfly Capital
https://twitter.com/tomhschmidt

Guest

Jill Gunter

Twitter: https://twitter.com/jillrgunter

Episode Links

Tornado Cash

Treasury Press release
Tornado Cash developer arrested
Circle freezes USDC in sanctioned wallets
Crypto exchange dYdX blocked accounts that received funds from Tornado Cash
What the sanctions mean for privacy coins
Celebrities get dusted
Previous coverage of the Tornado Cash Sanctions on Unchained:
Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No
Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?

Ava Labs Accusations:

Social Slashing and Censorship on ETH

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