privacy

As cynical as this sounds, having VCs' houses raided and devices seized over having invested into privacy protocols may be the most effective way to get future VC funding decisions to actually take privacy and other cypherpunk values seriously.

BREAKING: Morning hearings in US. v Storm revealed that Dragonfly Capital VC Thomas Schmidt's home was raided and devices seized as part of the Storm investigation, and that both he and Dragonfly's Haseeb Qureshi have been "subjects" of the investigation.

That and more: https://t.co/Atsm4KnXTn

The Rage

As cynical as this sounds, having VCs' houses raided and devices seized over having invested into privacy protocols may be the most effective way to get future VC funding decisions to actually take privacy and other cypherpunk values seriously.

https://x.com/theragetech/status/1948771849686417578

Contributor @ /walletbeat.

Censorship resistance requires privacy.

Weren't they the VCs that told tornado cash's devs to not implement kyc

Not sure whether they argued for or against implementing KYC, or both.

As far as I can tell, all we know is they had discussions about it; the content of these discussions was sealed:

Storm's lawyer Patton: We want to call as a witness Tom Schmidt  of DragonFly but his lawyer, after consultation with the Government, says he plans to invoke the Fifth. 
Judge: I'd heard rumors the defense was going to ask me to force the US to give immunity

AUSA Rehn: We've spoken with Tom Schmidt's lawyer John Bostick
Judge: Are you looking at possibly prosecuting everyone at DragonFly?
AUSA Rehn: Not everyone, but Schmidt and 

Rehm: My chief says we'll ask to seal this
Judge Failla: Yes, I seal it

Inner City Press

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

Not sure whether they argued for or against implementing KYC, or both.

As far as I can tell, all we know is they had discussions about it; the content of these discussions was sealed:
https://x.com/innercitypress/status/1948745680110891420