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Vitalik: Disagree with the way the U.S. government's efficiency department DOGE overly focuses on handling small government spending errors

2024-12-01 11:47:55
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ChainCatcher message, Ethereum co-founder Vitalik Buterin responded to the U.S. government's Efficiency Department (DOGE) regarding the government's small expenditure errors, stating that he does not agree with the Efficiency Department's approach. The examples listed account for only a small portion of total expenditures. If the government aims to optimize by avoiding mistakes that make it look bad on Twitter, it will miss many valuable opportunities, while large-scale projects that actually waste more will continue to exist simply because they appear respectable. For small-scale public funding, a venture capital (VC) approach should be adopted, accepting a large number of potential mistakes, as the goal is to ensure capturing those opportunities that can yield 1000 times the return. Cautious efforts should be focused on large-scale matters.

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