Why Vitalik Buterin rejects crypto as a political issue
Vitalik Buterin rejects crypto as a political issue. In his opinion, politicians are treating the issue in a deeply dishonest manner. He says he cannot identify a single person who publicly identifies fully with the values of the scene. The Ethereum inventor’s contribution has attracted a lot of criticism.
Why Vitalik Buterin rejects crypto as a political issue
Ethereum inventor Vitalik Buterin rejects crypto as a political issue – he announced this in a blog entry . Buterin is reacting to developments in US politics. Donald Trump has publicly taken a crypto-friendly stance since May.
Trump is not without controversy in the scene. Some users are pleased with Trump’s new commitment, while others assume he is simply trying to win votes. The 78-year-old wants to run again as a candidate for the US presidency in the November election. If Trump is successful, he would take over the office of US president for a second time in January.
In the US, cryptocurrencies sometimes seem to be a central issue for some voters. Never before has crypto been such a discussed topic during the election campaign. On July 27, Trump even plans to speak at the Bitcoin 2024 conference.
“There is growing pressure within the crypto scene to become more politically active and to judge political parties and candidates almost exclusively on whether or not they are willing to be lenient and friendly towards crypto,” Buterin explained in his text.
However, the Canadian believes that this approach is wrong. In fact, the idea runs counter to the basic principles of crypto, Buterin believes.
Crypto is a topic that is treated dishonestly in politics. Cryptocurrencies are about freedom and privacy – but according to Buterin, these points are very often ignored when crypto comes up as a political issue.
“When a politician advocates freedom of trade, he has not said anything about the issue,” writes the Canadian.
A profound understanding of crypto is therefore not guaranteed – even if politicians present themselves as supporters in public.
Are states and crypto deeply contradictory?
In addition, Buterin explains that states and crypto are somewhat contradictory. In his opinion, as a supporter of crypto, one must also stand for general internationalization.
Buterin believes that borders in any form are a hindrance. In his opinion, a truly crypto-friendly politician must not only advocate for national but also international issues. However, he himself does not know any politician who falls into this pattern.
With this point, Buterin is likely to face clear opposition in the crypto scene. In the past, the crypto scene also criticized a point that Buterin did not address in his post.
This is how crypto should work regardless of government acceptance. Ultimately, this is the only way to ensure the independence of individual jurisdictions and comprehensive neutrality.
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Users who have been active in the market for years are therefore still familiar with an old mindset surrounding the question: Why should the crypto scene pander to politics when neutrality is such a high priority?
