Vitalik Buterin Calls for End of Anonymous Society in Crypto
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Vitalik Buterin, co-founder of Ethereum, recently ignited a spirited debate within the cryptocurrency community by challenging the long-standing notion of an “anonymous society” in the crypto space.
Buterin called for a more sophisticated and multidimensional notion of identity, proposing that decentralized systems risk reverting to centralized control without such a framework due to unresolved collusion issues.
I don't think the "anonymous society" or even "financialized pseudonymous society" thing actually works though.
Collusion issues are unresolvable: https://t.co/JxAtokMlF6
A more multidimensional notion of identity (hence, with "soulbound" features) seems necessary; if you don't…
In the early days of crypto, anonymity was celebrated as a means to protect individual privacy, ensure financial sovereignty, and guard against the surveillance state.
The cypherpunk ethos, which underpinned much of the early development of blockchain technology, envisioned a world where individuals could interact in financial markets and other digital arenas without revealing their identities, thereby preserving their freedom and autonomy.
However, Buterin’s recent remarks suggest that this vision may be too simplistic to address the complexities of modern decentralized systems.
He argues that an “anonymous society” or a “financialized pseudonymous society” is inherently flawed because it fails to account for the challenges posed by collusion and governance attacks.
In such systems, where identities are hidden or pseudonymous, trust and accountability
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