Vitalik: Political tokens "are tools for unlimited political bribery."
ChainCatcher news, according to The Block, Ethereum co-founder Vitalik Buterin stated on social media Thursday that political tokens could lead to "unlimited" bribery. Vitalik's comments are part of a broader discussion about trends in the cryptocurrency industry, especially in the context of political leaders like U.S. President Trump embracing cryptocurrencies. Vitalik pointed out that certain parts of the industry conflict with each other due to their short-term and long-term values, comparing them to "highly addictive mobile games" and chess.
Vitalik wrote on X: "Over the past year, we are entering a new order, and now the most powerful people in the world are cheering for the idea of creating tokens for anything, on any scale, for anyone. Therefore, it is time to discuss the difference between the short-term 'sugar high' fun that is not recommended for newcomers and the long-term sense of achievement and wealth accumulation. This is not to say that 'fun is bad,' but rather the distinction between modern highly addictive mobile games and chess or World of Warcraft. It is time to discuss the fact that large-scale political tokens cross another line: they are not just a source of fun, whose harms are limited to the mistakes made by voluntary participants; they are tools for unlimited political bribery, including bribery from foreign governments."
The two recently launched large-scale political tokens are TRUMP and MELANIA, both related to President Trump and First Lady Melania Trump. These two tokens were launched before Trump took office as the 47th President of the United States on January 20 and soon experienced significant price drops.