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

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2024-12-01 03:58:20
Vitalik Buterin, co-founder of Ethereum, replied to the US Department of Government Efficiency (DOGE) on the content of government small spending mistakes. "I don't quite agree with this approach of the government efficiency department, and these examples are only a small part of the total expenditure. If the government optimizes to avoid mistakes that look bad on Twitter, it will miss many valuable opportunities, and large-scale projects that are actually more wasteful will continue to exist because they look respectable. For small-scale public funding, you should adopt a VC-like approach, which is to accept a large number of possible mistakes, because the goal is to ensure that those opportunities that can generate a 1000-fold return can be seized. The cautious energy should be focused on large-scale affairs.
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