TechFlow reports, on December 1, Ethereum co-founder Vitalik Buterin posted on social media expressing disagreement with the U.S. Department of Government Efficiency's approach: the examples listed represent only a tiny fraction of total expenditures. He argued that if a government optimizes for "avoiding mistakes that look bad on Twitter," it will ultimately miss many valuable opportunities, while many actually wasteful large-scale projects continue to exist simply because they appear respectable.
Vitalik suggested that for small-scale public funding, an approach similar to venture capital should be adopted, tolerating a certain number of failures, as the goal is to capture those opportunities capable of delivering thousand-fold returns. He called for the department to focus its careful scrutiny primarily on large-scale projects.
