Ethereum Foundation Dissent Dampens ETH Price as Vitalik Asserts Authority
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On Jan. 21, Ethereum co-founder Vitalik Buterin firmly asserted his sole authority over Ethereum Foundation leadership decisions, stating that it will remain until reforms establish a “proper board.” “The person deciding the new EF leadership team is me. One of the goals of the ongoing reform is to give the EF a ‘proper board’, but until that happens it’s me,” he said on X. The post came in response to significant backlash against Aya Miyaguchi, the Foundation’s executive director since 2018, with accusations of inefficiencies during her tenure. “If you ‘keep the pressure on,’ then you are creating an environment that is actively toxic to top talent,” Buterin said in response to the social media backlash. No. This is not how this game works. The person deciding the new EF leadership team is me. One of the goals of the ongoing reform is to give the EF a “proper board”, but until that happens it’s me. If you “keep the pressure on”, then you are creating an environment that is… — vitalik.eth (@VitalikButerin) January 21, 2025 EF Backlash Mounts Buterin announced changes to the Foundation’s leadership on Jan. 18, focusing on supporting dApp developers and promoting decentralization. However, he emphasized the foundation would not engage in ideological shifts, political lobbying, or take a more central ecosystem role. There is strong community pressure to promote developer Danny Ryan to a leadership position. On Jan. 22, Ryan, who left the EF in 2024 due to health issues, said, “Some of the discourse has turned counterproductive,” before adding: “These are real people attempting to sort through and do what is best. With or without me, the EF is evolving and for the better. You’ve been heard, but vitriol is ultimately harmful to this process.” Just to fill you in: I left the EF…
Filed under: News - @ January 22, 2025 8:20 am