The Biggest Problem In Crypto According To Vitalik Buterin

“Quadratic Voting allows participants to vote with crypto tokens according to how much they care about an issue, Liberal Radicalism (LR) expands the same concept to how communities contribute to public goods, such as software development, cryptocurrencies and journalism. And it works by increasing the funding of projects incrementally depending on the number of participants and the degree to which they care about the issue at hand.”

"This set of ideas goes from the ground up — we offer solutions to localized, real-world problems, and then demonstrate how these proposals fit into a coherent political philosophy that solves important aspects of the crisis of modern liberalism. These tensions are increasingly manifesting in discontent with existing liberal democratic systems and the rise of authoritarian populist alternatives on both the left and right."

“It hasn't been fully tested in the wild and may be vulnerable to unanticipated attacks or economic quirks. Secondly, the mechanism relies heavily on identity systems, meaning that for now, it can't coexist with anonymity, which is highly important to many people in the space. Plus, certain kinds of known vote attacks could mean that LR might need people to use trusted hardware — which isn't ideal as it relates to ease of use.”