News center > 7*24H News > Featured > Context
Vitalik admitted that the optimal governance mechanism is difficult to achieve and the way of thinking has changed drastically.
Editor
2024-12-15 20:02 6,847
Golden Finance reported that Vitalik Buterin, the founder of Ethereum, said on the X platform that there has been a major change in the way he thinks about governance mechanisms. He once tried to design a governance mechanism that was mathematically proven to be optimal, but found some fundamental impossibility, and that the key to the success or failure of the system lay in factors such as the degree of coordination among participants and "culture" that could not be modeled. He admitted that mathematics and economics were once important tools for him to understand the world, but now their role has weakened, and he is more inclined to roughly predict the operation of social mechanisms rather than pursue perfect explanations.
Keywords: Bitcoin
Share to: