Several comments in the comment section of the article the day before yesterday asked me about my views on the recent changes in the core leadership of the Ethereum Foundation.

I carefully searched online for relevant news and the background, and my understanding of the situation is roughly as follows:

At the beginning of this year, the Ethereum Foundation redefined its future positioning and responsibilities. In the new plan, the Ethereum Foundation hopes to no longer be the leader of the Ethereum ecosystem but rather one of its contributors. In the future, the main task of the Ethereum Foundation will only focus on the maintenance and iteration of significant underlying protocols.

Based on this information, my understanding is:

The Ethereum Foundation believes that if its positioning changes from ecosystem leader to contributor within the ecosystem, then the Ethereum Foundation will not need to maintain a large team and will not need to control too many Ethereum tokens. Therefore, the Ethereum Foundation has undergone a transformation akin to "self-disarmament," slimming down the team and diluting its holdings of Ethereum tokens. This has led to a number of core contributors leaving the foundation, resulting in the situation we see today.

I have had two very clear expectations of Ethereum:

First, I expect Ethereum to maintain extreme decentralization in its technical architecture/operation. This is the soul of a public blockchain, the essence of the crypto ecosystem, and the fundamental guarantee for the ongoing birth of innovative ecosystems and business models in the public blockchain ecosystem.

Second, I unequivocally support that Ethereum should have a powerful centralized organization like the Ethereum Foundation. This is the core force that guarantees Ethereum can keep up with the times, continuously absorb new technologies, and undergo sustained transformation.

Regarding my second expectation, many people in the crypto ecosystem hold completely opposite views:

They believe that so-called "decentralization" means there should not even be core leadership, and that it is precisely the centralization of the Ethereum Foundation that has influenced Ethereum's growth.

However, I believe that even if people think the Ethereum Foundation has influenced Ethereum’s growth, it is only a problem with the short-term leadership, not a problem of centralization. Leadership issues can be resolved by changing leaders. However, a strong centralized foundation is necessary in the long run.

Ethereum is not Bitcoin. Bitcoin can remain unchanged for ten thousand years, but Ethereum must keep pace with the times, actively absorb new technologies, and this requires a strong centralized team to lead.

Clearly, the Ethereum Foundation's new plan and actions, in my view, are engaging in a form of self "decentralization."

This contradicts my second expectation and aligns more with another perspective that I do not agree with.

Therefore, I hold a very reserved attitude towards this transformation of the Ethereum Foundation and do not wish to see the foundation weaken itself and engage in self-decentralization.

I hope that this change by the Ethereum Foundation is not taken due to the perspective I do not agree with, but rather made because of foresightedly recognizing risks and benefits that the community cannot see.

Regarding this action, I have doubts about:

Once the centralization influence of the Ethereum Foundation weakens, how can it play a role in controlling the underlying protocols?

Especially when Ethereum faces the influence of other forces, resulting in a trend of centralization in its operations, can it play a role in checks and balances and resistance?

Will this action of the Ethereum Foundation affect my holdings and regular investments in Ethereum?

Of course not.

I have already stated the reason in previous articles: I will only sell Ethereum under one circumstance:

That is when a smarter contract public chain emerges that is more decentralized and more creative and vibrant than the Ethereum ecosystem.

At least so far, I do not see any smart contract public chain that meets both of these conditions simultaneously.

Not to mention, the recent innovations based on Uniswap V4 Hook and the resurgence of AI + Crypto in the BASE ecosystem still prove that the Ethereum ecosystem is leading the innovation and advancement of the crypto ecosystem, right?

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