RATE Group | Ethereum Co-Founder Finds Similarities between ‘Radical Markets’ and Decentralization
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Ethereum Co-Founder Finds Similarities between ‘Radical Markets’ and Decentralization

30 Apr Ethereum Co-Founder Finds Similarities between ‘Radical Markets’ and Decentralization

Posted at 14:52h in Ethereum News by

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Vitalik Buterin released a new blog post on April 20, 2018, wherein he shared his thoughts on Eric Posner and Glen Weyl’s book Radical Markets. The book is majorly divided into five sections, each highlighting different reforms such as self-valuation of property, quadratic voting, a new immigration program, disintegrating large financial institutions to prevent monopoly and price manipulations in a free market.

According to Vitalik Buterin, however, distributed ledger technology could potentially serve as the technical backbone for several of the concepts that were conceived of in the book. He wrote:

“The book interests me for multiple reasons. The intersection of interests between the Ethereum community and Posner and Weyl’s work is multifaceted and plentiful.”

Interestingly, the ideas presented in the book are being put in place by the Ethereum community and will be implemented in the future.

Radical Markets also proposed a new system to prevent private ownership of…

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