Buterin Proposes Degen Communism - Embracing Crypto's Chaos While Seeking Common Good

Vitalik Buterin proposes a new political ideology called "Degen Communism" that embraces chaos while directing outcomes toward the common good.

It could be applied to crypto, social media, gaming, and governments by modifying rules and incentives.

Buterin uses crypto as an example - the space thrives on chaos but needs measures to limit human harm.

The goal is to embrace dynamism and change while distributing benefits equitably and minimizing risks.

It comes as the crypto market embraces volatility through meme coins, underscoring an ideology that accepts chaos.