Vitalik Buterin, in response to a user on the social media platform Warpcast, described a scenario in which current regulatory measures are essentially “forcing honest cryptocurrency developers into a corner.”
Vitalik Buterin stated that the main challenge of cryptocurrency regulation (especially in the United States) has been the phenomenon that if you do something useless, or you ask people for money in exchange for vague mentions of potential returns, you are free and innocent. But if you try to clearly explain to your customers where the returns come from and promise them certain rights, then you are in trouble because you are considered a “security.” The incentive gradient created by this “anarcho-tyranny” will ultimately be worse than pure anarchy or pure tyranny.
