Charles Hoskinson rejects Vitalik Buterins view on pro-crypto voting – Cointelegraph

Charles Hoskinson, co-founder of Input Output Global and the Cardano blockchain ecosystem, has openly disagreed with Ethereum co-founder Vitalik Buterins recent statement advising against choosing political allegiances based solely on a candidates stance on cryptocurrency.

In a post on X, Hoskinsonarguedthat the crypto community should adopt a single-issue voting strategy focused on supporting pro-crypto candidates. He believes that politicians will think twice before targeting the crypto industry if they understand the potential electoral consequences.

Hoskinson argued that voting for current President Joe Biden would negatively impact the American crypto industry. He believes that making crypto a decisive voting issue will force politicians to moderate their stance and avoid actions that could harm the industry.

Buterin recently expressed his concerns around single-issue crypto voting, cautioning voters against backing political candidates who profess support for cryptocurrencies without supporting the technologys underlying principles and objectives.

Buterins blog post stresses that the crypto movements original values, inspired by the cypherpunk ethos, focus on promoting overall freedom and decentralization, beyond just financial freedom.

He also highlights the potential dangers of aligning with authoritarian regimes that support crypto for their own benefit while suppressing individual freedoms.

Related:Ripple backs Deaton with $1M donation in senate race against Warren

Buterin warns that focusing narrowly on pro-crypto candidates may lead to supporting politicians whose broader values might not align with those of the crypto community. He stressed the importance of considering a politicians overall vision for technology, privacy and internationalism rather than just their stance on cryptocurrency.

The 2024 US presidential election may feel the impact of the merging cryptocurrency and political landscapes, as candidates crypto-related policies and views on blockchain innovation have become a key factor in some voters decisions.

Results from a November 2023 Harris Poll conducted for Grayscale show that almost half of American voters (47%) plan to include cryptocurrency in their investment portfolio in the future.

This years election campaign marks the first time leading presidential candidates have actively discussed its impact a notable departure from previous campaigns where it played a smaller role, such as Andrew Yangs.

Magazine: Crypto voters are already disrupting the 2024 election and its set to continue

The rest is here:

Charles Hoskinson rejects Vitalik Buterins view on pro-crypto voting - Cointelegraph

Related Posts

Comments are closed.