“We need a structure capable of saving Ethereum,” — this was how Dankrad Feist, one of its former lead researchers, reacted to the prolonged crisis at the Ethereum Foundation. Moreover, he believes that the current foundation has stopped coping with its tasks, and the ecosystem needs an alternative organization with a budget of at least $1 billion.

As Feist said — “This can be tracked by the allocation of capital: currently, the foundation controls less than 0.1% of all ETH, and there is no flow of staking or fee revenues to it.” But he further clarified that this does not mean a call to create a regular financial casino, but rather points to the need for a leadership that genuinely wants ETH’s price to go up and is ready to fight for it.