Vitalik Buterin described the effect of current regulation on the cryptocurrency industry as 'anarcho-tyranny.'
Ethereum’s outspoken co-founder, Vitalik Buterin, recently expressed his frustration over the current state of cryptocurrency regulation and offered up a surefire solution to the problem.
Buterin previously conjured three recommendations purported to be able to solve the problem of “useless” cryptocurrency products and services.These recommendations include limiting leverage, requiring audits and transparency, and gating usage with knowledge tests. Buterin says that rather than offer the most protections to companies and projects without a long-term vision or plan, he would “much rather see us move to the opposite situation, where issuing a token without giving a clear long-term story for why it will maintain or increase in economic value is the riskier thing.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vitalik Buterin slams celebrity memecoinsVitalik Buterin, Ethereum's founder, criticizes celebrity memecoins for lacking purpose and substance. He prefers projects with public benefit goals, longevity, and engaging features.
Read more »
Vitalik Buterin Slams Celebrity Meme Coin FinancializationEthereum cofounder speaks out against 'celebrity experimentation' with meme coins
Read more »
Ethereum co-founder Vitalik Buterin 'unhappy' with celebrity memecoinsEthereum co-founder Vitalik Buterin chimed in on celebrity memecoins, saying he felt “quite unhappy” about the experimentation.
Read more »
Shiba Inu Lead Drops Mysterious SHIB Hint After Vitalik's Celebrity Token CriticismShytoshi Kusama, leading Shiba Inu figure, teases major new SHIB project in response to Vitalik Buterin
Read more »
Vitalik Buterin Unhappy About This Cycle’s Meme Coins: Here’s WhyCrypto Blog
Read more »
Vitalik Buterin Clarifies His Meme Coin StatementVitalik Buterin's statement about financialization might've been perceived in wrong way
Read more »