| Time | Details |
|---|---|
| 2024-12-27 11:53 |
Vitalik Buterin Reflects on Apollo Program's Economic Implications
According to VitalikButerin, he has shifted from being mildly anti-Apollo to pro-Apollo, acknowledging the complex arguments surrounding the program. He notes that the Apollo mission was largely a geopolitical move to surpass the USSR, which involved substantial financial expenditure. This money, he suggests, could have been allocated to improving healthcare or reducing government taxation on individuals. Despite this, Buterin recognizes that Apollo had positive externalities, emphasizing the importance of being cautious when political leaders prioritize grand visions over constituent welfare. (Source) |
| 2024-12-27 11:53 |
Vitalik Buterin Reflects on the Apollo Program's Economic Impact
According to Vitalik Buterin, the Apollo program, initially perceived as a costly geopolitical competition with the USSR, might have diverted funds from essential sectors like healthcare. However, Buterin acknowledges that despite its initial criticism, the program eventually generated positive externalities. This reflection suggests that large-scale projects, while sometimes criticized for their immediate costs, can yield long-term benefits. Crypto traders might consider how similar large investments in blockchain technology could lead to substantial future gains. (Source) |