In a blog post on July 17, Ethereum creator Vitalik Buterin warned the crypto community against blindly supporting politicians solely based on their pro-crypto statements. He expressed particular concern over a lack of support for “internationalism” within the industry. Buterin emphasized the importance of researching politicians’ shift in policy from five years earlier to ensure they are truly in support of the crypto industry for the right reasons.
Buterin highlighted the growing pressure for members of the crypto space to become more political, especially amidst concerns about crypto regulation in the EU and US. He cautioned against supporting candidates and parties solely based on leniency towards crypto, as this could undermine the fundamental values that brought individuals into the crypto space in the first place. Buterin urged individuals to clearly express their reasons for supporting pro-crypto politicians and ensure they have long-term goals beyond tribalism.
One key issue identified by Buterin is the importance of internationalism within the crypto industry. He criticized politicians for failing to show care for the outside world and lack of support for immigration. Buterin emphasized that immigration law is crypto law, and ease of visa access has already impacted industry events attendance. He called for more attention to be paid to this issue and warned that supporting politicians solely based on their pro-crypto stances could lead them to neglect broader critical issues.
Buterin argued that most current regulations harm both acceleration and decentralization within the crypto sector, limiting development while concentrating power. He warned that politicians with immediate pro-crypto policies may be power-seeking individuals or willing to cater to others seeking power concentration. He linked the concepts of acceleration and divergence to Russia’s supposed crypto-friendly stance, suggesting that the government is using crypto to avoid outside restrictions while opposing individual use within the country. Buterin highlighted the importance of considering politicians’ long-term policies in determining their true support for the crypto industry.
In conclusion, Vitalik Buterin cautioned the crypto community against blindly supporting politicians solely based on their pro-crypto statements. He emphasized the importance of researching politicians’ past policies and ensuring they have long-term goals beyond tribalism. Buterin also highlighted the significance of internationalism within the crypto industry and urged politicians to show care for the outside world and support immigration. He warned against harmful regulations that could concentrate power within the sector and emphasized the need to consider politicians’ long-term policies in determining their true support for the industry.
