⚡ Buterin Critiques Blind Support for Pro-Crypto Politicians
posted 18 Jul 2024
In a recent blog post, Ethereum founder Vitalik Buterin addressed the growing trend of endorsing politicians who claim to support the crypto industry. He notes that positive sentiment towards cryptocurrencies is insufficient. Supporting certain crypto advocates in elections might conflict with the cypherpunk values that initially shaped the first crypto communities.
Currently, many regulators and politicians advocate for the freedom to use money. However, Buterin stresses that other freedoms are equally important: the freedom of private communication, access to accurate information, and the right to one's own opinions. It is crucial to understand whether specific politicians also support these aspects.
Furthermore, Buterin reminded his readers that politicians' stances can change. Those who are currently expressing support for cryptocurrencies might not necessarily take actions to support their statements and may later change their views entirely. It's important to consider what these individuals have said and done in the past, not just their recent campaign promises.
Buterin also highlighted the international nature of the crypto industry. He evaluates legislative proposals based on how well they align with international regulations. He noted that some prominent politicians are more focused on promoting local crypto industry dominance rather than thinking about the overall benefits for the global crypto community.
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