Ex-DeFi developer Andre Cronje says he believes crypto regulation is necessary 👀 In a blog post, he attacked the greed in crypto and said many projects are built by people who read Wikipedia articles on complex things and think they can do them better 😱
Cronje also spoke of his disdain for "crypto culture" — concepts like wealth, entitlement, enrichment and ego — and argued that greed is "strangling" crucial principles that this space was built upon, including self-sovereign rights, self-custody and self-empowerment.
"It's like a child trying to stick their finger into an electric outlet, you stop them, before they can learn why they shouldn't. One day they will understand, but not today." "The current iteration will become the badlands, where unknown wallets lurk in the shadows, we will see the rise of a new blockchain economy, not one driven by greed, but instead driven by trust, not trustlessness."
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