Jupiter Co-founder: The industry is in a terrible state, stop flattering centralized financial power

2024-08-25 11:33:08
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Jupiter co-founder Meow published a lengthy article on "Telegram CEO Pavel Durov's Arrest": "Finance is power. Today's blatant arrest of Pavel clearly indicates who holds that power. This is a warning to all other protocol developers, no matter where you are or how popular you are, as long as the holders of financial power are willing, they can find you."

"This is a primal assertion of more primitive power that sends chills down my spine, an ancient formula for ensuring obedience. Decentralization is not only a way for us to mint magical cryptocurrencies but also an important tool for balancing the world's power structure. We need to be as independent as possible from centralized systems, which occurs on three levels: at the technical level, we promote the adoption of decentralized approaches; at the monetary level, we break the ability of centralized parties to undermine the livelihoods of the entire economy; and finally, at the power level, we have a voice just like large corporations and governments. We determine the global agenda and spirit. Without this decentralized power base, we are doomed to remain under the control of a few, like mice trapped in a maze designed by the owners of these thumbs."

"Ultimately, such cases need to become our battle cry, urging us to stop flattering those institutions that offer us ETFs, fancy campaign slogans, and 'false friendships.' As an industry, we are done for because we are always flattering others instead of fighting for what the world needs. We must build for the future we want to see, for the friends we want to be with, and for the people we want to become. We may have the opportunity to establish the decentralized power base that the world desperately needs."

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