
OFAC, Tornado Cash & Bitcoin Miners | Drew Hinkes | Compass Podcast
<p>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.</p> <p>Drew Hinkes: <a href="https://twitter.com/propelforward"><u>https://twitter.com/propelforward</u></a></p> <p>Will Foxley: <a href="https://twitter.com/wsfoxley"><u>https://twitter.com/wsfoxley</u></a></p> <p><br></p> <p>SPONSOR</p> <p><a href="https://foundryacademy.com/"><u>https://foundryacademy.com/</u></a></p> <p><br></p> <p>🎥 TIMESTAMPS:</p> <p>00:00 &nbsp;Start</p> <p>00:17 &nbsp;<a href="https://foundryacademy.com/"><u>Foundry Academy</u></a></p> <p>01:04 &nbsp;Intro</p> <p>02:19 &nbsp;Drew's BTC backstory</p> <p>05:05 &nbsp;Tornado Cash history</p> <p>07:16 &nbsp;Censoring smart contracts</p> <p>09:04 &nbsp;Are miners intermediaries?</p> <p>11:25 &nbsp;Censoring Bitcoin</p> <p>13:52 &nbsp;OFAC compliant pools</p> <p>19:06 &nbsp;Tainting coins</p> <p>24:18 &nbsp;Account model vs. UTXO</p> <p>26:30 &nbsp;Legal interpretation roulette</p> <p>27:38 &nbsp;Celebrity spam transactions</p> <p>32:05 &nbsp;Future of OFAC regulation</p> <p>36:26 &nbsp;Privacy coins</p> <p>38:18 &nbsp;Wrap</p> <p><br></p> <p>MINE</p> <p>Start mining your own bitcoins with Compass. <a href="https://bit.ly/3CehBf1"><u>https://bit.ly/3CehBf1</u></a></p> <p><br></p> <p>WATCH <a href="https://youtube.com/c/CompassMining?sub_confirmation=1"><u>https://youtube.com/c/CompassMining?sub_confirmation=1</u></a></p> <p><br></p> <p>LISTEN</p> <p>Apple Podcasts <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbkRxX0MwTUdPY290VEQzN0J2ME1KbDVSRG1rQXxBQ3Jtc0tsME5TQmZfSHJnMG0xWC1iYXFNZ3ZYRGpTTDNfSUtCVFhoSklibDFtMGU3RmV6Z2k5MVM5MlpUMWxzdVgtOHJ4d0ZpbXVrUnMxTXVkN0xSeHdXZWE2aGh5WEpLUkx4dndBaUZtclVhMXZZcHY1My0zbw&amp;q=https%3A%2F%2Fapple.co%2F3fNfrdi"><u>https://apple.co/3fNfrdi</u></a></p> <p>Spotify <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbE5renJPTkpwVC1IMzBoaWg4c3BWdzhnR0J6d3xBQ3Jtc0trTUJROW1aZDRMOEpiNFpOYmZyUEZxTWxFSHRWaXd3REtGWXZDMkhhbkY0cDk0UVNtZlptMkR1ajBlWDljQV9obWxub3NtdmhDcDNwV1dkcDFkVUloZHdRYVdiTm9Fel90bWdoSU4yUzZEczNLakFCQQ&amp;q=https%3A%2F%2Fspoti.fi%2F3tSf9G1"><u>https://spoti.fi/3tSf9G1</u></a></p> <p>Amazon <a href="https://amzn.to/3557cqg"><u>https://amzn.to/3557cqg</u></a></p> <p>Anchor <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa25WckRfQzBqcTJpWWRHRTFiUF9IM0hVbW9Bd3xBQ3Jtc0trdEdoZmFQbXlXajB3c0ZLNGMtUjFSVWloWFBraHoyMFlpVHVFckljbFZRRmQzSTlIRm9VUkFVUTNzS2xhblhvS1E0YnNPLVIxeUl4a3F2aHRQNnV6M0lUZmJVakZGbTI4SUUyc0haUG0xY0JLcmFqRQ&amp;q=https%3A%2F%2Fbit.ly%2F3rmb7UF"><u>https://bit.ly/3rmb7UF</u></a></p> <p>Fountain <a href="https://bit.ly/3NeNTec"><u>https://bit.ly/3NeNTec</u></a></p> <p>RSS <a href="https://bit.ly/3chpULV"><u>https://bit.ly/3chpULV</u></a></p> <p><br></p> <p>LEARN</p> <p>Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. ✍️ Get the free newsletter in your inbox too: <a href="https://bit.ly/3vOGzxD"><u>https://bit.ly/3vOGzxD</u></a></p> <p><br></p> <p>FOLLOW</p> <p>Twitter: <a href="https://twitter.com/compass_mining"><u>https://twitter.com/compass_mining</u></a></p> <p>LinkedIn: <a href="https://www.linkedin.com/company/compassmining"><u>https://www.linkedin.com/company/compassmining</u></a></p> <p>Happy hashing! 🤝</p>
The Mining Pod | Blockspace Media · Blockspace Media
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Show Notes
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
🎥 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
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
WATCH https://youtube.com/c/CompassMining?sub_confirmation=1
LISTEN
Apple Podcasts https://apple.co/3fNfrdi
Spotify https://spoti.fi/3tSf9G1
Amazon https://amzn.to/3557cqg
Anchor https://bit.ly/3rmb7UF
Fountain https://bit.ly/3NeNTec
LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. ✍️ Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
Twitter: https://twitter.com/compass_mining
LinkedIn: https://www.linkedin.com/company/compassmining
Happy hashing! 🤝
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