Buterin Says Ethereum Foundation Is Not the 'Center' of Ethereum
Summary
Vitalik Buterin has addressed recent criticisms regarding the Ethereum Foundation's (EF) role, clarifying that the organization is not the "center" of the ecosystem but rather one node with a specific purpose. Faced with pressure from stakeholders disappointed by ETH's price performance and the impact of the Dencun upgrade on revenue, Buterin emphasized that the EF's mandate is to prioritize long-term goals like cybersecurity, censorship-resistance, and decentralization.
Buterin noted that the EF holds only a small fraction (0.16%) of the total ETH supply and will focus on financial "longevity" to sustain its research initiatives. By rejecting calls to actively manipulate token prices or focus solely on high-throughput competition, Buterin aims to steer the Foundation back toward its core technical mission while distancing it from expectations of centralized market management.
(Source:Cointelegraph)