Vitalik admits that the optimal governance mechanism is difficult to achieve, and the way of thinking has changed greatly

Bitget App

Trade smarter

Cointime2024/12/15 14:12

By:Cointime

Vitalik Buterin, the founder of Ethereum, stated on X platform that his thinking about governance mechanisms has undergone a significant change. He had previously attempted to design a mathematically proven optimal governance mechanism, but found certain fundamental impossibilities, and the success or failure of the system depends on the degree of coordination between participants and unmodelable "culture" factors. He admitted that mathematics and economics were important tools for his understanding of the world, but their role has weakened, and he now tends to roughly predict the operation of social mechanisms rather than pursue perfect explanations.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14