Jupiter founder: DeFi and Meme coins lead decentralization! But global ETFs are worrying

Jupiter co-founder meow posted on the social media platform yesterday that power will be abused by everyone, so the current market’s top priority is decentralization, and mentioned why the cryptocurrency community’s celebration of ETFs made him deeply uneasy.

Meow, co-founder of Jupiter, a popular DeFi project on the public chain Solana, posted on the social platform X yesterday (3) that in his opinion, all political parties have the power of nepotism and centralization, so when individuals have power, they may abuse this power, so the first priority is to decentralize all markets.

"I have no interest in political games because in my opinion, all political parties are centralized forces of nepotism. And all individuals, including myself, can become complete assholes if they have enough power. Therefore, the first priority is to decentralize all markets, because this will lead to financial decentralization and ultimately decentralization of power."

At the same time, meow said that the emergence of decentralized finance and Meme coins is to fight against global centralized forces. These decentralized innovations demonstrate the value of individuals, small distributed teams and decentralized communities.

"These decentralized innovations demonstrate that we as individuals, small distributed teams, and decentralized communities can collaborate and create value as well as or even better than the best of them - ultimately achieving the decentralization of value creation, financial tracks, and power."

In addition, meow is also uneasy about the crypto market celebrating ETFs. He worries that the crypto market will become more centralized rather than decentralized: This is why the celebration of ETFs in the cryptocurrency community makes me deeply uneasy. If the whole world owns ETH or SOL through BlackRock, have we really achieved decentralization, or are we more centralized?

V God praises DAO as a real blockchain project

According to previous reports, Ethereum co-founder Vitalik Buterin wrote at the end of last month: The same words may have different meanings in different cultural circles, which is an important part of cultural awareness. For example, in most European languages, "actual" means "current" and "concurrency" means "competition". In the field of cryptocurrency, "DAO" refers to "project" and "official" means "scam".

Vitalik Buterin mentioned that in the field of cryptocurrency, decentralized autonomous organizations (DAOs) are the real projects, and many teams deprive users or token holders of their rights under the name of official ones, which is no different from "scams".

It is worth mentioning that both meow and Vitalik Buterin praised the decentralized collaborative characteristics of DAO in their tweets, and meow directly regarded centralization as a factor of power abuse, while Vitalik Buterin regarded the official team that can exercise power as a "scam".