My dear darlings, gather ’round, for the inimitable Vitalik Buterin has decreed that the Ethereum Foundation (EF) shall henceforth embrace a more bijou existence. Yes, the days of excess are over, and the EF is now on a strict regimen of fewer ETH sales and a more focused mandate. How utterly chic of them!
In a positively epic post via X (formerly known as Twitter, darling), Vitalik proclaimed this shift as a deliberate stride away from the EF being the pièce de résistance of Ethereum, and toward a more modest role within the broader ecosystem. He was quick to add, with a wink and a nod, that these are merely his own musings, not some dictatorial decree.
“First of all, this is only my own view,” he penned, with a flourish. “The board is not just me, and I have no extra special powers on the board that the other board members do not.” Oh, the humility! He then revealed that the board is expanding, and his influence shall diminish, which he claims is “honestly what I want.” How selfless of him!
A More Compact EF, Darling!
Vitalik declared that the EF’s 2025-era tweaks had improved execution, efficiency, and focus on tangible goals. But, my stars, with those matters somewhat resolved, a different critique became impossible to ignore: that Ethereum’s lofty values of decentralization, privacy, and “sanctuary technology” were not always adequately reflected in the foundation’s actions. The horror!
The result, according to our dear Vitalik, is a transition toward a foundation that does less, but with more panache. He described the EF as “one node, with a defined purpose, alongside other nodes,” rather than Ethereum’s central maestro. How delightfully decentralized!
This distinction, my dears, matters both financially and culturally. Vitalik noted that the EF holds a mere 0.16% of all ETH, which he quipped is “less than many other individual ETH holders,” while central foundations in other blockchain ecosystems often hold much larger shares. He also pointed out that the EF’s original role was rather limited: to fund the development of the chain software through the milestones outlined in Ethereum’s pre-launch materials, a task he declared “fully completed in 2022.” Bravo!
“And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth,” Vitalik wrote. “Yes, this means we sell less ETH.” How frugal!
The foundation, he said, will focus specifically on work “critical to the success of Ethereum as a censorship/capture-resistant, open, private, and secure system” that would not happen otherwise. This means some respected individuals and projects may find themselves outside the EF, even when aligned with Ethereum’s broader mission. How exclusive!
Ethereum, Darling, Should Not Chase Speed Alone
Vitalik’s technical argument centered on what he called the CROPS dimension: censorship resistance, openness, privacy, and security. He contrasted this with the notion that Ethereum should define its ambition mainly through ultra-low latency and extreme throughput. “To some, ‘impressive’ means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake,” he wrote. “Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.” How dramatic!
Vitalik insisted that Ethereum should still scale, but argued that its most defensible edge should be deeper. He pointed to AI-assisted formal verification as a potential path toward a “provably bug-free Ethereum,” a goal he said would have seemed absurd to many cybersecurity researchers until recently. He also highlighted “available chain consensus,” arguing that Ethereum’s direction with lean consensus preserves properties he sees as distinct from both Bitcoin-style and traditional BFT-style systems. How innovative!
A third priority is intermediary minimization. Vitalik called it “honestly embarrassing” that smart contract wallets and privacy protocols often depend on intermediaries to get transactions included onchain. He cited FOCIL, EIP-8141, EIP-7701, and Kohaku as part of the push toward stronger inclusion properties, public mempool access, and user-layer infrastructure that does not leak private data across multiple third-party services. How scandalous!
ETH The Asset Still Matters
Vitalik also linked the technical direction to ETH’s economic role, calling ETH “the most high-value ‘product’ of the Ethereum blockchain, financially speaking.” He noted that Ethereum secures $250 billion of ETH and argued that the properties he described are beneficial for the asset. How lucrative!
He added that nearly 90% of his net worth is in ETH, with most of the remainder in about $40 million of onchain fiat already allocated to open-source biotech, software, or hardware initiatives. Still, he said some necessary work to support ETH as an asset sits outside the EF’s scope and will require other organizations and major ETH holders to step in. How collaborative!
The foundation’s new long-term structure, Vitalik said, is expected to stabilize over the next few months. His closing description was blunt: EF will be “a smaller ship than in previous years,” more opinionated, longer-lasting, and more narrowly suited to ensuring Ethereum “brings something meaningful to the world.” How poignant!
At press time, ETH traded at $2,108. Ta-da!
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2026-05-25 10:11