Degen

The risk of politician coins comes from the fact that they are such a perfect bribery vehicle. If a politician issues a coin, you do not even need to send *them* any coins to give them money. Instead, you just buy and hold the coin, and this increases the value of their holdings passively.

Furthermore, there is deniability: holding the coin is, in financial effect, a linear combination of donating to the issuer and gambling. Hence you can intend to do the former but when challenged claim that you are doing the latter.

You can even hold the coin privately, and show that you are holding it to whoever; you do not need any zero knowledge proofs, you just send a test transaction.

This is all risky to democracy, for reasons similar to what I wrote in https://vitalik.eth.limo/general/2021/08/16/voting3.html and elsewhere. TLDR: the economic arguments for why markets are so great for "regular" goods and services do not extend to "markets for political influence".

I recommend politicians do not go down this path.

Vitalik is actually taking wartime mode serious

Check your $DEGEN Stats.
Frame by @nikolaii.eth 🚀

Koh Samui, Ko Samui District, Surat Thani, Thailand

Farcaster

summary

An Open Letter to @VitalikButerin 
https://t.co/BoX1L2E2l2

Aiden

An Open Letter to @vitalik.eth 

https://x.com/open_is_free/status/1880958454761980165?t=JlnMx1Hfu1pqBlnZxowl8w&s=19

meme 🔥 @AdiWena1
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Let's go🙏

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Clankers

My Neynar Quality Score is 0.10!

Frame by @0xdexter

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Moxie Protocol

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frame by @degenfans

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West Jakarta, Kebonjeruk, West Jakarta City, Jakarta, Indonesia

AW 📄🎩🎭Ⓜ️

@adiwena080913