According to Buterin, this narrow approach can lead politicians to believe that cryptocurrency support alone can ensure electoral success, overlooking important issues such as privacy rights, ethical governance, and international cooperation.
Furthermore, the #BTC founder criticizes the idea of using #cryptocurrency support as a litmus test for determining political support. Buterin argues that "by publicly giving the impression that you support 'crypto-supportive' candidates just because they are 'crypto-supportive,' you contribute to an incentive gradient where politicians realize that all they have to do to get your support is 'crypto-support. '"
Buterin said this has the potential to simplify complex policy issues into a one-sided narrative that may not align with the broader interests of the community or the ethical standards expected of government officials. If politicians support #cryptocurrencies , the key question to ask is whether they are guided by the right considerations in doing so. Do they have a vision in line with yours of how technology, politics and economics should evolve in the 21st century? \
response to Buterin's statement, Cardano's founder submitted a rebuttal highlighting the critical need for political support for cryptocurrency-friendly policies, especially given the unfriendly regulatory climate. Hoskinson's rebuttal is outlined in a series of posts on X's website, in which he defends the strategic need to support candidates who oppose tighter regulation of cryptocurrencies.
Hoskinson states, "My main goal is to keep the government out of cryptocurrencies. If that's not possible, the choice is very clear.
If government intervention is inevitable, he argues, then the support of pro-cryptocurrency politicians will be necessary to protect the industry from unfavorable regulation.
Politics is a game of cause and effect. If politicians realize that bullying and harassing our industry is causing us to lose elections, they will suddenly stop doing it.
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