TRON founder Justin Sun has proposed a hypothetical plan to place Ethereum and the Ethereum Foundation (EF) under his leadership. His remarks came amid controversy over changes in EF's leadership.
Ethereum co-founder Vitalik Buterin explained the goals and progress of the reforms through a series of posts on X (formerly Twitter). He emphasized improvements in technical expertise, ecosystem engagement, and operational efficiency.
Justin Sun Presents Ethereum Leadership Blueprint
The TRON executive shared an ambitious statement about how he would lead the Ethereum Foundation if given the opportunity. Sun's vision, shared on X, outlined a four-part plan to fundamentally restructure EF operations, optimize Ethereum's economic model, and drive the ETH price to $10,000.
"If EF and Ethereum were under my leadership, ETH would reach $10,000," Sun claimed.
Sun proposed immediately halting ETH sales for three years to stabilize supply and boost market confidence. He suggested funding EF's operations through DeFi protocols like Aave, staking rewards, and stablecoin lending, aligning with Ethereum's deflationary goals.
A key element of his plan is to impose substantial taxes on Layer 2 (L2) solutions, generating $5 billion annually. The collected taxes would be used solely to repurchase and burn ETH, further increasing scarcity and value.
Sun also demanded a significant reduction in EF staff, retaining only the top performers with substantial pay increases. He argued this performance-based approach would streamline operations and improve efficiency.
Finally, Sun emphasized strengthening Ethereum's deflationary narrative by adjusting node rewards and increasing fee burning. He proposed reallocating all resources to Ethereum's core L1 development, focusing on scalability, security, and adoption. Justin Sun's plan has elicited a mixed response, with some praising his bold vision.
"These are all very practical proposals. Vitalik Buterin, take note and consider them," core developer 0xSea.eth suggested.
Others, however, have encouraged Sun to focus on TRON and introduce decentralized finance (DeFi) to its ecosystem.
"Start by making DeFi great on TRON. Ask your executive team (and yourself), 'Why does TRON have the most stablecoins but no DeFi?' Answer that question, and one day TRON may surpass Ethereum," ZIGChain co-founder Abdul Rafay Gadit mentioned.
Controversy over Ethereum Leadership... 'Is the Decentralization-Focused Direction Right?'
Sun's proposed solutions align with Vitalik Buterin's recent posts, and some of the changes underway over the past year have already been implemented. Buterin emphasized strengthening EF's technical leadership and improving collaboration with ecosystem participants. He also dismissed concerns about EF adopting a centralized or politically motivated role.
"...these are not things EF does, and this will not change. Those looking for a different vision can start their own organizations," Buterin explained.
EF executive Aya Miyaguchi confirmed the ongoing efforts and expressed anticipation for upcoming announcements. She mentioned that the reforms aim to position Ethereum as a global neutral platform and embrace decentralization and privacy-preserving technologies.
This announcement has sparked controversy within the cryptocurrency community. Critics argue that the current leadership has failed to effectively manage Ethereum.
"With respect, let's get some new blood to take over. You all can't even run a simple Twitter account—how can you lead the second-largest blockchain?" Wazz suggested.
Another user, Coinmamba, proposed that pressuring Miyaguchi to resign could help Ethereum reach new all-time highs. Buterin strongly condemned these statements, defending Miyaguchi and pointing out the toxicity of such social media rhetoric.
"No. This game does not work that way," Buterin rebutted. "The person who decides the new EF leadership team is me. 'If you keep up the pressure,' you are actively creating a toxic environment for top talent. You are making my job harder," the Ethereum co-founder lamented.
Buterin also refuted specific claims about Miyaguchi, noting inaccuracies in the translation of her statements and the resulting misunderstandings. He reiterated the need for "proper governance" within EF to strengthen decision-making.
Ethereum's ETH token is currently trading at $3,305, representing a slight 0.2% increase since the start of the Wednesday session.
