tl;dr
Avalanche Founder Emin Gun Sirer criticizes unidentified crypto innovators for creating fraudulent tokens that could harm investors. He warns against projects using technical terminology from the humanities to disguise their true nature. Sirer emphasizes the need for honesty in launching new blockch...
Avalanche founder Emin Gun Sirer is warning against fraudulent tokens and projects disguising innovation with new terminology, emphasizing the need for honesty in launching sovereign L1s in the crypto space.
Sirer advocates for combatting fraud in crypto through education and awareness campaigns, highlighting the prevalence of scams targeting crypto users, including the use of deepfakes.
He criticizes unidentified crypto innovators for creating fraudulent tokens that could harm investors and warns against projects using technical terminology from the humanities to disguise their true nature.
Sirer emphasizes the need for honesty in launching new blockchain projects and advocates for combatting fraud in the crypto industry through education and awareness campaigns.
He directed his words at projects that are "trying to adopt technical terminology from the humanities" and cited the concept of "Effective Altruism" as an example.
Sirer also emphasized the importance of honesty in launching sovereign L1s and called for developers to be transparent in their endeavors.
Combatting frauds and scams targeting crypto users, including the use of deepfakes, is crucial, and education and awareness campaigns are necessary to address these issues.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.