Vitalik: Individuals and organizations in the crypto space must respect the principle of public legitimacy
Vitalik Buterin, co-founder of Ethereum, reflected on two major crises on social media: one involving Sam Bankman-Fried and the other involving the OpenAI board. Vitalik's core concept is "public legitimacy". Vitalik suggests that individuals and organizations in the encryption field must deeply respect this principle, and the fundamental sin in both cases is not just taking controversial actions, but ignoring transparent and responsible dialogue with the public. Vitalik believes that large companies should be more open to avoid crises like FTX.
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