Tornado Cash sanctions will ultimately undermine the US and strengthen crypto

Tornado Cash sanctions will ultimately undermine the US and strengthen crypto

1. The United States has been tightening its grip over the global financial system for decades, using economic sanctions as a weapon.

2. The more the U.S. weaponizes access to the dollar, the greater the incentive for every other country to find an alternative.

3. Bitcoin is a potential alternative because it has its own censorship-resistant payment system.

4. Bitcoin is also apolitical in ways that fiat currencies can never be.

5. The permissionless nature of Bitcoin means that anyone can do anything, including continuing to process transactions for sanctioned addresses.

6. If other countries start adopting Bitcoin, then Washington may become even more Draconian with the use of sanctions.

7. The more arbitrary American sanctions become, the less trust others will have in its money.

 

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