Financial Tools That Grow Wealth, Not Risky Leverage Bets, Are What Crypto Needs, According to Vitalik

Vitalik Buterin, in a scathing critique of corporate extraction platforms he called "corposlop" that prioritize profit over user sovereignty through data exploitation practices and algorithms that maximize dopamine, urged crypto developers to create wealth-building tools that protect users' privacy instead.

Instead than promoting extractive and irresponsible financial conduct, Vitalik Buterin, co-founder of Ethereum, has urged crypto developers to shift their attention to creating tools that strengthen individual sovereignty.

In a response to Monad KOL Tom Kruise, Buterin made a distinction in a Farcaster article between "the sovereign web" and "the open web." He gave credit to Bitcoin maximalists for realizing this distinction years before the rest of the industry.

Supporters of Bitcoin, according to Buterin, fought against initial coin offerings (ICOs), alternative tokens, and arbitrary financial uses in order to keep the cryptocurrency steady.

control over what he terms as "corposlop," a word for platforms that prioritize corporations' profits above that of its consumers.

He beseeched the business world to create AI systems that augment human efficiency rather than replace it, apps that protect users' privacy, and wealth-building technologies free of harmful leverage.

Shifting Focus from State Oversight to Private Enterprises
The original goal of sovereignty, according to Buterin, was to prevent government overreach; now, the larger difficulty is to fight corporate exploitation. This shift occurred in the early 2000s.

To safeguard digital privacy and ward off what he called "corporate mind warfare" that seeks to garner attention and money, he said, contemporary sovereignty need encryption.

Instead of following "the meta," the unifying forces that eliminate uniqueness and meaning, the Ethereum creator stressed that sovereignty also entails pursuing initiatives grounded on true belief.