Vitalik Buterin, co-founder of Ethereum, recently compared Visa's organization to modern decentralized autonomous organizations (DAOs) at a blockchain conference, discussing the shift from decentralization to centralization.
Comparison of Visa and DAOs
Buterin emphasized that Visa's initial ideals were similar to those of DAOs, focusing on shared ownership. However, Visa has since become a highly centralized, profit-driven corporation.
Crypto Community Response
Buterin's remarks have not triggered immediate financial movements or shifts in the market. The focus remains on the ETH ecosystem, with indirect implications for governance tokens in DAOs and DeFi projects.
Buterin's Conclusions
Buterin noted that the themes of centralization versus decentralization continue to be relevant in the long-term perspective. He believes that Visa's original intentions provide valuable lessons for the future.
Buterin's statements highlight enduring tensions between centralization and decentralization, impacting organizational evolution and future financial and technological trajectories.
