Uniswap founder: It's extremely foolish for celebrities to use blockchain to commit fraud.
TL;DR
Uniswap founder Hayden Adams criticizes celebrities and politicians for using blockchain fraudulently, noting they could monetize tokens legitimately through transparency and tools like liquidity pools. He emphasizes blockchain's potential for coordination and value distribution, but warns against fraudulent behavior due to public transaction records.
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Odaily Odaily reports that Uniswap founder Hayden Adams posted on the X platform, stating that it is extremely foolish for celebrities and politicians to use blockchain for monetization through fraudulent means. Celebrities could easily monetize their tokens without engaging in rug pulls, for example, by issuing tokens to maintain liquidity pool (LP) stability, create holder meetings or governance voting, and be transparent about the details and risks of their transactions. Blockchain provides powerful tools for coordination, monetization, and value distribution, with millions of users worldwide and more assets being tokenized, and real businesses being built on it. However, some celebrities behave like fraudsters when using blockchain, failing to even realize that all transaction records are publicly transparent.