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Vitalik: I don’t agree with the way the US government efficiency department pays too much attention to the government’s handling of small spending mi

Vitalik: I don’t agree with the way the US government efficiency department pays too much attention to the government’s handling of small spending mi

CointimeCointime2024/12/01 05:22
By:Cointime

Vitalik Buterin, co-founder of Ethereum, responded to the content of the US government's small expenditure mistakes released by the Department of Government Efficiency (DOGE), stating that he does not agree with the department's handling method. The examples cited only account for a small portion of the total expenditure. If the government's optimization goal is to avoid mistakes that look bad on Twitter, it will miss many valuable opportunities, and those large-scale projects that actually waste more will continue to exist because they look decent. For small-scale public funds, a venture capital (VC)-like approach should be taken, accepting a large number of possible mistakes, as its goal is to ensure that opportunities that can bring 1,000 times return can be seized. Prudence should be focused on large-scale transactions.

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