🚨 The TORNADO CASH TRIAL has concluded. Roman Storm has been found GUILTY on 1 of 3 counts. 🚨 This may impact YOUR ability to transact privately with digital assets. We had @jenn_rosenthal @EleanorTerrett @frankcorva @davidzmorris explain the implications of the trial. 🧵

So how exactly did Tornado Cash work? Well, it's just a set of printable agreements, like an old-school neighborhood coupon club. "That would make them [the smart contracts] protected speech under the law." -@davidzmorris

The vibe in the courtroom was so sleepy that @frankcorva and @davidzmorris got some recreational reading done. And for a trial with such huge implications, there hasn't been much media interest.

How flattering would you appear if YOUR group chat was leaked? ...and how relieved would you be if it absolved you of criminal intent? "A lot of the communications they decided to show us... are cringey." -@EleanorTerrett

Storm was found guilty on one count of conspiracy to operate an unlicensed MTB. The first witness (who lost $250k in a scam) may have been a factor... even when the prosecution couldn't connect her funds to Tornado Cash. "Everyone was like, 'I'm sorry, what?!'" -@frankcorva

No Lambos, no Ferraris, no profits. As @jenn_rosenthal points out, Roman Storm and his team did not make any money from the PROTOCOL itself. "Makes me feel bad about my journalism salary!" -@frankcorva