Buterin Takes Controversial Stance on Governance Tokens

On Tuesday, Vitalik Buterin took a controversial stance on governance tokens, arguing that governance is not a good reason for such tokens to be treated as “valuable.”
2. Buterin’s stance expresses an anxiety around governance tokens being hoarded or sold for profit so that entities could effectively control protocols, a move that goes against the principle of decentralization.
3. Even as Buterin implores crypto users to reconsider the perceived value of “governance rights,” it’s unlikely there will be a massive shift in trader behavior.

By Evey Lovelace

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