Vitalik Buterin on Warpcast

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This was tweeted during the SBF frontend regulation debate, but even now, I still think all these "regulations" would be extremely helpful to lower the amount of grifters/opportunists and make the industry safer (would be curious to hear your thoughts on them now @vitalik.eth) Another thing I still wish existed is a popup that shows you the current tokenomics breakdown of a coin before you swap, with links to Etherscan showing how the top holders got their coins

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Vitalik Buterin

The main challenge with crypto regulation (esp in the US) has always been this phenomenon where if you do something useless, or something where you're asking people to give you money in exchange for vague references to potential returns at best, you are free and clear, but if you try to give your customers a clear story of where returns come from, and promises about what rights they have, then you're screwed because you're "a security". The incentive gradient that this "anarcho-tyranny" creates ends up worse for the space than either plain anarchy _or_ plain tyranny. I would much rather see us move to the opposite situation, where issuing a token _without_ giving a clear long-term story for why it will maintain or increase in economic value is the riskier thing, and if you _do_ give such a long-term story and follow basic best practices then you're safe. Actually getting to this will require good-faith engagement, both from regulators and from industry.

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This is so true. I invested in ETH ICO only because of good whitepaper.

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Wen post about /scoop

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