Why does Vitalik Buterin suggest referring to public goods finance as open source?
Vitalik Buterin recently published a new article discussing public goods projects.
The Ethereum co-founder believes the term "public goods" is controversial.
As we enter another weekend of price declines, investors are considering whether to buy low or sell at a loss. Bitcoin has fallen to $83,000, just two days after reaching $88,000. This has led to a decline in the overall market, with significant declines in leading altcoins.
Meanwhile, Vitalik Buterin, the co-founder of Ethereum and a prominent figure in the cryptocurrency world, recently published an article discussing how public goods finance should be called open source finance.
Buterin begins by discussing the importance of public goods finance in decentralized financial systems. Public goods projects are often intended to benefit large numbers of people. However, due to the large population, the beneficiaries receive minimal benefits.
As a result, this leads to investors losing interest in financing these projects. Furthermore, the term "public goods" is also problematic because it contains a "social bias."As a social game.
