Vitalik admits that the optimal governance mechanism is difficult to achieve, and the way of thinking has changed greatly
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.
You may also like
Dogecoin Price Prediction: DOGE Target Is Not Out Of Reach, But This Rival Is Set To Rally 12,000% To $4 First
Ethereum’s Stability Dwarfed: Dogen Could Deliver 15,000% Gains by Next Month!
Security Company Warns All Cryptocurrency Users: Make Sure You Do This To Prevent Your Assets From Being Stolen
Cryptocurrency security company OneKey has called on all crypto users to take precautions in a statement. Here are the details.