Vitalik: The Ethereum Foundation will "scale down" and reduce the amount of ETH sold.

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According to Mars Finance, as reported by The Block, Ethereum co-founder Vitalik Buterin published a lengthy post on the X platform responding to the recent turmoil and wave of researcher departures at the Ethereum Foundation. Buterin stated that the foundation is choosing "long-term survival over being big and all-encompassing," reducing ETH sales and focusing on Ethereum's CROPS attributes such as censorship resistance, open source, privacy, and security. He emphasized that the post represents only his personal opinion, and his power within the organization will continue to decrease, which aligns with his wishes. Buterin believes that EF should be understood as "a node with a clear purpose, standing alongside other nodes," rather than the center of Ethereum. Buterin pointed out that the foundation holds approximately 0.16% of the ETH, while other blockchain foundations typically hold 10% to 50% of their own token supply. The foundation will focus on key activities that only it can drive, and some respected contributors and projects will remain outside the foundation, which will help attract external capital. In terms of technical direction, Buterin proposed three priorities: achieving a "provably vulnerability-free Ethereum" through AI-assisted formal verification, usable chain consensus, and minimizing intermediaries. He explicitly opposed Ethereum's reliance on speed competition, calling it "a path to mediocrity." Buterin concluded by stating that EF will be smaller than in previous years, with a more defined stance that may be difficult to understand in some situations, but it will also be more long-term, with the foundation's new long-term operating model expected to stabilize in the coming months.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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