On February 6, Vitalik Buterin, co-founder of Ethereum, wrote in X that the values of the 2013 era were correct, including support for free speech, entrepreneurship and innovation, opposition to monopoly and supplier lock-in, support for democratic institutions, opposition to greed, and opposition to national security through oppression.
In response to the suspicion that democratic institutions can lead to populism, Vitalik said that democratic institutions do not exist to create the best outcomes, but to prevent the worst from happening. While both democratic and non-democratic systems can go in a bad direction, the latter lacks a safety valve mechanism.
Vitalik: The values of 2013 are right, democracy exists to prevent the worst from happening
2025-02-06 04:22:00
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
