Ethereum‘s virtuoso, Vitalik Buterin, has solemnly announced that his sway over the Ethereum Foundation is dimming – and that, trust me, it was a gap-toothed grin from the start.
Our Canadian prodigy has her sights set on a leaner, meaner foundation – think of it as a trim, Mediterranean diet for a hulking ship that once proudly carried the whole north‑pole of crypto.
Time to Step Back
Our gentle genius reassures everyone that the Foundation is not here to become the kingdom’s heart. It’s more like a supportive friend who occasionally remembers to practise yoga.
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In a revelation, but not a tremor, Buterin confirms that the board is growing but he himself carries no clandestine superpowers that the others don’t. “I’m just a splendid human who, honestly, prefers coffee over power,” he mused.
He promised the Foundation will keep shrinking his influence – because, apparently, “decreasing my control is the least bitter pill I can swallow.”
Yet it never intended to be the eternal safeguard or the glittering hub of everything. Remember, folks, no one gets to be an enchanted guardian forever.
Less ETH, More Sass
The Foundation politely reminds the world that it owns a minuscule 0.16% of the ETH supply, which screams “less is more” when compared to other blockchains’ flashy portfolios.
They’re currently overhauling their treasury management for a future where the only long‑term goal is longevity, not a shiny, sprawling empire.
“Using what little we have to aim for longevity over breadth, which means we will sell less ETH,” Buterin declared, as if desperately needing to keep the books balanced after a wild weekend.
Speed vs. Bragging Rights
Vitalik has given the industry a gentle (but stern) nudge: chasing the tagline “fastest blockchain in the universe” might cost your decentralization and security – and nobody is here to win trophies for speed if you have to sacrifice your own safe house.
He solemnly noted, “Achieving 250‑millisecond latency and one million TPS while discarding our core virtues is a recipe for mediocrity.”
Instead, he insists Ethereum must be “impressive” in a deeper way. The mantra: bug‑free code, undeniable consensus, and minimal midmen. No toe‑tally‑in‑the‑corner tech, just honest engineering, and maybe some well‑timed sarcasm.
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2026-05-24 22:11