Vitalik Buterin Raises Concerns Over Crypto Regulatory Landscape

Vitalik Buterin 對加密貨幣監管格局表示擔憂

Vitalik Buterin, the founder of Ethereum, has expressed concerns regarding the current state of crypto regulation, particularly in the United States. He noted the disparity in treatment between projects with unclear returns, which often operate freely, and those with well-defined value propositions, which face stricter regulation.

以太坊創始人維塔利克·布特林 (Vitalik Buterin) 對加密貨幣監管的現狀表示擔憂，尤其是在美國。他指出，回報不明確的項目（通常是自由運作的）和價值主張明確的項目（面臨更嚴格的監管）之間存在待遇差異。

Ineffective Incentives and Regulatory Approach

無效的激勵和監管方法

Buterin argues that this approach creates harmful incentives and inhibits the growth of the crypto industry. He refers to the current situation as "anarcho-tyranny," which he believes is worse than either complete regulatory freedom or strict enforcement.

Buterin 認為這種做法會產生有害的激勵並抑制加密產業的成長。他將目前的情況稱為“無政府暴政”，他認為這比完全的監管自由或嚴格執行更糟。

Disparity in Treatment of Cryptocurrencies

加密貨幣待遇的差異

The contrasting treatment of cryptocurrencies is a key concern. Meme coins like Dogecoin, which often lack tangible value, seem to face less regulatory scrutiny. In contrast, established projects like Ethereum, Cardano, and XRP, which provide detailed plans and user promises, encounter regulatory obstacles.

加密貨幣的對比處理是一個關鍵問題。像狗狗幣這樣的迷因幣通常缺乏有形價值，似乎面臨的監管審查較少。相較之下，以太坊、卡爾達諾和 XRP 等提供詳細計劃和用戶承諾的成熟項目卻遇到了監管障礙。

Proposed Solution: Good Faith Engagement

建議的解決方案：誠信參與

Buterin urges a shift in regulatory practices. He advocates for considering projects without clear long-term value propositions as riskier. Conversely, projects with transparent value models and ethical practices should be deemed safer and experience fewer regulatory hurdles.

Buterin 敦促監管實踐發生轉變。他主張將沒有明確長期價值主張的項目視為風險更大。相反，具有透明價值模型和道德實踐的項目應該被認為更安全，並且遇到的監管障礙更少。

To achieve this, the Ethereum founder calls for good faith collaboration between regulators and the crypto industry. He believes this partnership is crucial for establishing a balanced and productive regulatory framework that encourages innovation while protecting investors.

為了實現這一目標，以太坊創辦人呼籲監管機構和加密貨幣產業之間進行真誠合作。他認為這種夥伴關係對於建立一個平衡且富有成效的監管框架至關重要，該框架鼓勵創新，同時保護投資者。