Researchers support the Ethereum Foundation: its responsibility is not to "pump ETH," but to gradually become less important itself

ME News message: On May 24 (UTC+8), blockchain researcher and investor William Mougayar posted a defense of the Ethereum Foundation, saying that people outside have long misunderstood the Foundation’s role and that it is “accurately fulfilling its own mission.” Mougayar said that ETH, the Ethereum network, and the Ethereum Foundation itself are three different entities: ETH is an asset, Ethereum is shared computing infrastructure, and the Foundation is a non-profit organization responsible for driving protocol development, one of whose goals is even “to gradually make the founders less and less important.” He noted that many critics want the Foundation to take on duties such as marketing ETH and attracting institutional funding, but that is akin to “expecting the IETF to buy Super Bowl ad slots for TCP/IP.” He emphasized that the Ethereum Foundation is currently following a “subtraction approach,” strengthening the network by pushing protocol upgrades, funding underlying research, and reducing its own centralized influence.

Recently, the Ethereum Foundation has faced criticism from the community for selling ETH, un-staking, and communicating less publicly. Data shows that this month, it has already completed a third OTC sale to BitMine Immersion Technologies, selling a total of approximately 25,000 ETH, worth about $47 million. In addition, the Foundation has recently cumulatively un-staked more than 38,000 ETH, with a total value close to $90 million. (Source: ODaily)