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Ethereum Foundation cuts staff by 20%, slashes budget by 40%.
Vitalik himself said: "I won't pretend the loss is small; they are all brilliant people."
But then he pivoted: "In the long term, I lean towards a 'lean and mean' strategy for Ethereum."
Translation: No money left, so we have to downsize.
The once "world computer" can barely afford to support its own home now.
ETH has fallen 68% from its peak last year, and stablecoin market caps are about to surpass it.
For the foundation to cut staff now, is it a decisive move, or is the ship too big to turn?
#ETH #Ethereum