Vitalik Buterin criticized the current regulation of digital assets 🔐
Conscientious developers have come under intense pressure from regulators and are in an extremely precarious position ⛓️
Regulators pay attention to projects that provide a clear rationale for their economic value and leave out those without a clear long-term strategy. ✍️
Buterin called this anarcho-tyranny, where acting with integrity becomes risky - against this backdrop, the industry attracts less bona fide projects. ⚠️
Projects with vague promises of potential revenue are left out of the regulators' radar, while honest and transparent projects are immediately categorized as "securities". 🌐
And in the end, those who have painted a great economic value on paper will mostly turn out to be nothing. 💸
