Vitalik: I don’t agree with the US DOGE’s excessive focus on the government’s handling of small spending mistakes

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Ethereum co-founder Vitalik Buterin responded to the content released by the U.S. Government Efficiency Department (DOGE) about the government's small spending mistakes, saying that he did not quite agree with the way the Government Efficiency Department handled it, and the examples listed only accounted for a very small part of the total expenditure. If the government's optimization goal is to avoid looking bad on Twitter, then 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, you should adopt a similar approach to venture capital (VC), which is to accept a large number of potential mistakes, because its goal is to ensure that you can capture opportunities that can bring a 1000-fold return. Careful efforts should be focused on large-scale affairs.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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