Vitalik Buterin · Ethereum · The Block
Ethereum co-founder Vitalik Buterin published a lengthy post on X on Sunday addressing months of turbulence at the Ethereum
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Buterin framed the post as his personal perspective rather than an official statement from the board, noting that interim co-Executive Director Bastian Aue, who took over from Tomasz Stanczak earlier this year, is the one executing much of the transition.
Key facts
- Ethereum’s sale materials allocated roughly 6 million ETH to the Ethereum Foundation’s long-term endowment, equal to about 10% of the roughly 60 million ETH sold in the 2014 crowdsale and about 8.3%
- The third is intermediary minimization, citing ongoing work on FOCIL, EIP-8141, EIP-7701, and the EF's Kohaku wallet framework
- Former EF developer Dankrad Feist, who left his full-time role at the foundation for Tempo last year, this week proposed raising $1 billion for a separate Ethereum advocacy organization "more
- The framing echoes the EF's March 13 mandate, which codified the CROPS principles and described the foundation as "one of many stewards" of the network
Summary
Ethereum co-founder Vitalik Buterin published a lengthy post on X on Sunday addressing months of turbulence at the Ethereum Foundation (EF), defending the nonprofit's ongoing restructuring and outlining what he sees as its long-term technical direction. The post lands amid a wave of high-profile departures from the EF that has reignited debate over the foundation's direction. Former EF developer Dankrad Feist, who left his full-time role at the foundation for Tempo last year, this week proposed raising $1 billion for a separate Ethereum advocacy organization "more economically aligned" with ETH the asset.