Ethereum (ETH) founder Vitalik Buterin has a disagreement with MicroStrategy's executive chairman Michael Saylor regarding the custody of Bitcoin (BTC).
In an interview, Saylor said that unlike Bitcoin held by unregulated entities, lawmakers and law enforcement authorities pursue virtual currencies held by regulated public entities such as financial giants BlackRock and JP Morgan. He said it was unlikely.
“When you have a bunch of unregulated crypto anarchists who don’t recognize government, don’t recognize taxes, and don’t recognize reporting requirements, and you have Bitcoin, I think that increases the risk of seizure.”
Buterin responded to Saylor's comments by saying that he does not share the same views on corporate control of Bitcoin.
“I am happy to say that I think Saylor’s comments are outrageous.
He seems to be clearly advocating for a regulatory capture approach to protecting cryptocurrencies (“regulating public entities like BlackRock and Fidelity, and making sure that all members of Congress, if they hold assets… and law enforcement agencies will be invested in those organizations.”) There is a lot of precedent for how this strategy can fail, but to me, that's not the essence of cryptocurrencies. ”
In response to Buterin's criticism, Saylor said everyone can choose how they hold their crypto assets.
“I support self-custody of willing and able people, the right of all people to self-custody, and the freedom of individuals and institutions around the world to choose the form of custody and custody. We are benefiting from all forms of investment from actors in the region and everyone should be welcome.”
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me ×Facebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
