Vitalik warns: Political tokens are "a tool for unlimited political bribery"

PANews reported on January 24 that according to The Block, Ethereum co-founder Vitalik Buterin posted on social media on Thursday that political tokens could lead to "unlimited" bribery. Buterin’s comments are part of a broader discussion surrounding trends in the cryptocurrency industry, especially in the context of political leaders such as U.S. President Donald Trump embracing cryptocurrencies. Buterin noted that some parts of the industry are in conflict with each other over their short- and long-term values, likening them to "highly addictive mobile games" and chess.

Buterin wrote on , it's time to discuss the difference between short-term 'sugar high' fun and long-term fulfillment and wealth accumulation that is not recommended for newbies. This is not to say 'fun'. Fun is bad', but rather akin to the difference between modern highly addictive mobile games and chess or World of Warcraft. Now it's time to discuss the fact that large-scale political tokens cross another line: More than a source of fun, their harm is limited, at best, to the mistakes of willing participants, they are vehicles for unlimited political bribery, including from foreign governments.”

Two recently announced large-scale political coins are TRUMP and MELANIA, both of which are associated with President Trump and First Lady Melania Trump. Both coins were launched before Trump was inaugurated as the 47th President of the United States on January 20 and experienced significant price drops shortly after.