According to information from June 8, the discussion about digital asset reserves in the United States tends to prioritize domestic cryptocurrency developments. However, Jerry Fragiskatos, former COO of Cardano, has warned that this regional bias could cause the nation to miss out on superior blockchain technologies with outstanding global characteristics.
Fragiskatos emphasized that many important open-source code contributions are created by distributed work teams across the world, completely independent of any centralized organization. This demonstrates the core decentralized spirit of cryptocurrencies.
He also affirmed that talented and creative human resources in this field are not limited by national boundaries. Evaluating digital asset values must be based on key factors such as security, degree of decentralization, economic design, and long-term viability, rather than just geographical origin.
The open, transparent, and decentralized spirit has strongly promoted cryptocurrency development on a global scale. Overlooking this means misjudging the actual potential of prominent blockchain projects on the international stage.
The approach of prioritizing regional factors could hinder innovation and healthy development of the digital asset ecosystem. Therefore, policymakers need to place core values at the forefront, instead of prioritizing origin, to avoid missing significant advances in cryptocurrency technology.
