Vitalik's Thoughts: ETH Price and Blog Insights

Recently, Ethereum co-founder Vitalik Buterin published two blog posts in quick succession, attracting market attention. These two articles reflect Vitalik's current focus of thought, seemingly not paying much attention to the fluctuations in ETH prices.

Vitalik's first article discusses the "year wheel model" of culture and politics. He points out that a society's attitude towards new things often reflects the prevailing views of the time, while its attitude towards old things is more influenced by the biases of the status quo. This explains why, although the United States is considered a free market economy, government regulation is actually increasing. Vitalik believes that changing a culture's attitude towards established things is very difficult; a more effective way is to create new behavioral patterns that transcend old ones. This is also the attraction of the cryptocurrency field - it provides an independent technical and cultural foundation to do new things.

The second article discusses the issue of funding for public goods. Vitalik points out that the concept of "public goods" can be easily misunderstood, and funding mechanisms often lack rigor. He suggests shifting the focus to "open-source funding." Open-source projects are typically public goods and have clear definitions. Vitalik believes that even for public goods in the physical world, the most effective way to provide them globally often involves open source. Therefore, shifting the focus from "public goods" to "open source" might be a better choice.

These two articles reflect Vitalik's deeper thoughts on cryptocurrency and blockchain technology, rather than short-term market fluctuations. He focuses on how to break through the limitations of existing systems with new technologies and models, as well as how to more effectively promote the development of open-source projects. This demonstrates Vitalik's long-term perspective as an industry leader, rather than simply the rise and fall of prices.