Vitalik Buterin: Anti-fraud technology needs to be led in a principled way

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Vitalik Buterin said on X Platform: As a field, we need to lead the construction of anti-scam technology in a principled way (because if we don't, centralized versions will be forced upon us in an unprincipled way). "Principled" basically means: (i) On-device scanning, no information is sent to "Big Brother" (corporate or government) (ii) Users can choose very fine-grained which scanners to accept and not accept, and scanners are produced in a competitive market by organizations with different structures (for-profit, community organizations, etc.) and different national or political biases Cryptocurrency kidnapping should be reduced by encouraging wealthy cryptocurrency holders to store their funds in multisigs, where they themselves cannot directly access information/items on their personal bodies. This is what I do, and I have been advocating others to do this for ten years (hence my focus on smart contract wallets and account abstraction).

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