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Vitalik Buterin recently stated that the Ethereum Foundation is ready for significant changes
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Anyone who doesn’t agree with these new goals can set up a brand new organization, said the minister
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The community has loudly demanded the resignation of EF Executive Director.
Vitalik Buterin told his X-following that the Ethereum Foundation’s leadership and goals are being reworked.
In one of his subsequent tweets, he said that he was “the one deciding EF’s leadership team” and that anyone who didn’t like the new direction EF is “welcome” to “start their own orgs.”
What’s the meaning behind these strong words, and does Vitalik now have sole control of the foundation? Let’s find it out.
What is going on?
The bull market is in full swing since more than a half-year, and while Bitcoin has been reaching new all-time highs every few months, Ethereum hasn’t been able to keep up.
The community was rightfully worried when the second-largest and second-most popular network failed to reach its all-time high during this bull run.
The Ethereum Foundation is a non-profit organisation founded by Buterin and the other co-founders in 2014. The Ethereum Foundation’s mission is to support the development and growth the blockchain. It also provides funding, research and community support.
Vitalik Buterin and Aya miyaguchi are two key figures.
Related: Vitalik Buterin Disagrees with Nick White’s Idea of Blockchain Verifiability
What did Vitalik say?
Buterin stated in a tweet sent out last Saturday that the team was “currently in the midst of large changes to EF’s leadership structure. This has been ongoing for over a year.”
These changes are intended to improve the technical expertise of EF leaders, improve communication and ties with ecosystem actors and EF leadership in general, attract new talent, support app developers better, and many other things.
Buterin explained that the EF was not there to “execute a kind of ideological pivot away from feminized soyboy mentality and towards bronze age mindset”, “start aggressively lobbying regulatory figures and powerful political figures in the USA”, or “to become a arena for vested interest.”
Related: Vitalik Buterin on Crypto: AI will soon dominate the crypto world
“These are not the things that EF does, and this won’t change.” “People who want a different vision can start their own organizations,” he concluded.
Contextualizing it
Here are a few points that need to be explained.
First, the EF as an “arena of vested interests” could be a throwback to May 2024. We learned then that EF researchers Justin Drake, Dankrad Feist and others had taken paid advisory roles with EigenLayer Foundation. In response, EF implemented a policy on conflict of interest, while Drake resigned and apologized to community.
The comment that he is “the one deciding EF’s new leadership team” was most likely made in response to recent attacks on Miyaguchi by the community. On X, the calls for her resignation were loud. Some members of the community attributed her to being the sole reason for Ethereum’s lagging in comparison to Bitcoin.
Buterin replied to calls for resignation by saying “No. This is not the way this game works.
I am the one who decides on the new EF leadership. The ongoing reform aims to give the EF a “proper board”, but until then, it’s up to me.”
If you “keep the press on” (for Miyaguchi’s resignation), you create an environment that actively toxins top talent. Some of Ethereum’s top developers have been messaging me lately, expressing their displeasure with the social media environments that people like yourself are creating. YOU MAKE MY JOB HARDER.
Buterin concluded that you have decreased the chances of me wanting to do “what you want”.
Is this Buterin’s hostile takeover?
It doesn’t seem like it. Buterin appears to be protecting Ethereum assets from the negativity of the community while trying to make changes.
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