Buterin says Ethereum Foundation will shrink, sell less ETH, and focus on ‘CROPS’
Buterin’s influence in the EF will decrease as the board expands. He framed the EF as “one node, with a defined purpose,” not the center of Ethereum.
What to know:
- Buterin states that the Ethereum Foundation will pursue “longevity over breadth,” reduce ETH sales and narrowly focus on CROPS (censorship resistance, openness, privacy and security).
- Buterin’s influence in the EF will decrease as the board expands. He framed the EF as “one node, with a defined purpose,” not the center of Ethereum.
- Buterin argued that maximizing throughput/speed is a mistake that leads to mediocrity. Instead, Ethereum must strive to be “deeply impressive” in the CROPS dimension.
Nearly 90% of his own net worth sits in ETH, with the remaining roughly $40 million in onchain fiat already earmarked for open-source biotech, software and hardware initiatives, Buterin added.
His influence within the EF will continue to decrease as the board expands, aligning with his desire to be less influential there. However, he also hedged his words, saying, “This is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not.”
He framed the EF as “one node, with a defined purpose, alongside other nodes,” not the center of Ethereum. Addressing throughput, Buterin said it would be a mistake for Ethereum to maximize it.
