Further Elaborating on the “Tornado Cash Opportunity”

The guy is right of course, IPFS, RPC, DNS, Github, it all must be fixed now.

I want to add the part about currency.

the US is just going to weaponize Ofac and use it to terrorize permissionless systems out of existence with no due process, even towards the entire world, just like Dodd & Frank's extrajurisdictional reach. Fascist.

This space consistently doing the bare minimum to understand Black Scholes and basic dynamic hedging. Deribit's risk engine was god tier, with no complaints for years. Holding unhedged collateral is not smart. 1x short was great, many other techniques to hedge.

a literal new currency needs to be made basked on like a trillion dollar basket of rwa but fully natively collateralized in crypto, it needs to reference the rest of the global economy in a non dollar denominated manner. The price of the basket needs to be tracked.

we have to think more game theoretically, you can't survive nation state onslaught by spooks in Fairfax & Blackrock without stability, people demand stability. Crypto needs a nation state level currency on chain based on the global economy,

a referenced price basket that can't be attacked by the united states without destroying the global economy, ergo forcing them to focus their price attacks on the crypto collateral itself, which will be very costly to them

This is like Aikido. If they want to destroy exterritorial non sovereign stable currency they will have to destroy the price and global adoption of bitcoin itself, the existence of permissionless onchain activity must be so linked to bitcoin itself that they're forced into it.

It's time for the crypto industry to take the gloves off frankly. Our industry is not an extension of US foreign policy and national security, we are not their poodle. Crypto needs it's own native dedollarized currency.