Vitalik: Disagrees with US Government Efficiency Department's Overemphasis on Government Small Payment Mistake Handling

BlockBeats News, December 1st, Ethereum co-founder Vitalik Buterin responded to the content regarding government small-scale spending errors released by the Department of Government Efficiency (DOGE) in the US, stating, "The examples listed are only a small part of all spending. If a government optimizes for 'not making the kind of visible mistakes that would look bad in a tweet,' it will not only miss out on many valuable opportunities, but also many truly wasteful large-scale projects will continue to exist because they look 'respectable'."

"For small-scale public funding, you want to take a venture capital-like approach, willing to accept a large number of 'failure cases' because the goal is to ensure capturing opportunities that could potentially yield a 1000x return. It is only for large-scale projects that one should focus on being cautious."