OFAC, Tornado Cash & Bitcoin Miners | Drew Hinkes | Compass Podcast

The Mining Pod | Bitcoin Mining News

English - August 13, 2022 11:00 - 39 minutes - ★★★★★ - 36 ratings
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Previous Episode: Industrial Infrastructure for Miners | Camden Spiller | Compass Podcast

Next Episode: Building Through a Bear Market | Alyse Killeen | Compass Podcast

Welcome back to the Compass Podcast! Today we are joined by Andrew Hinkes, author and adjunct professor at New York University focusing on the intersection of law, government regulation and digital assets. We talk about the huge OFAC sanction on Ethereum mixer Tornado Cash, what it means for Bitcoin miners and further industry repercussions.

Drew Hinkes: https://twitter.com/propelforward

Will Foxley: https://twitter.com/wsfoxley

SPONSOR

https://foundryacademy.com/

🎥 TIMESTAMPS:

00:00 Start

00:17 Foundry Academy

01:04 Intro

02:19 Drew's BTC backstory

05:05 Tornado Cash history

07:16 Censoring smart contracts

09:04 Are miners intermediaries?

11:25 Censoring Bitcoin

13:52 OFAC compliant pools

19:06 Tainting coins

24:18 Account model vs. UTXO

26:30 Legal interpretation roulette

27:38 Celebrity spam transactions

32:05 Future of OFAC regulation

36:26 Privacy coins

38:18 Wrap

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