Vitalik Buterin, the co-founder of Ethereum (ETH), has recently praised and showcased his support for Optimism’s governance proposal.
In a tweet on the 3rd of June 2022, Buterin pointed out that Optimism explicitly has goals other than trying to boost the OP market value. He said the team of developers at optimism has been able to record long-term success via explicit representation of non-token-holder interests.
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Optimism’s effort admiration by Buterin comes at a time when the crypto industry has seen intense discussion on how decentralized governance should be executed. The new ideas brought by Optimism are expected to have a long-term impact, according to Ethereum co-founder.
Vitalik Buterin tweeted, “This is a great example of why I’m so proud of Optimism for adding non-token governance (the Citizen House). Optimism explicitly has goals *other* than just “make OP go up”, and the only way to do that long-term is with explicit representation of non-token-holder interests.”
In the same thread, Buterin shared links to two blog posts where he discussed the reason why he does not support governance models that are token-hodler-centric. The blog posts shared by the Ethereum co-founder focus on issues that the two governance houses intend to solve.
The Token House features OP token holders, while the latter has NFT owners with “soul-bound” non-transferrable citizenship. They will collectively balance short-term and long-term initiatives. Both will be involved in deciding network parameters and granting citizenships.
Read Also: Vitalik Buterin Received Millions of LUNA 2.0 Tokens from Scammers Who Faked the Token Airdrop
The Optimism Collective is a governance initiative that is intended to grow the decentralized ecosystem. It will feature communities, companies, and users. In late May 2022, Optimism announced the OP token and the airdrop, saying that it was a “large-scale experiment in digital democratic governance.”
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