Vitalik Buterin has raised concerns about profit-driven models, such as those seen with protocols on the Solana blcockhain, cautioning that they could undermine Ethereum’s core principles.
In a January 23 blog post, the Ethereum co-founder emphasized the importance of maintaining decentralization and a strong social foundation, contrasting Ethereum’s vision with what he described as a “greed-is-good” approach reminiscent of Wall Street.
Buterin emphasized that Ethereum’s foundation is grounded in open-source values, drawing parallels to projects like Linux and Mozilla.
“The goal of Ethereum is the same as what it has been from day 1: building a global, censorship-resistant permissionless blockchain,”
he wrote.
He also highlighted that the network’s scaling strategy, centered on layer-2 solutions, is crucial for preserving both its decentralized social structure and technical foundation.
The Ethereum co-founder is also sceptical of calls for a shift towards high-gas-limit layer-1 scaling, a move advocated by some competitors. He further explained that such an approach would sacrifice many of the benefits of Ethereum’s current social structure, which has been crucial in fostering diverse research, development, and ecosystem-building efforts.
He noted that abandoning layer-2 solutions in favor of relying solely on layer-1 with a higher gas limit would undermine the very principles that have made Ethereum successful.
Buterin’s recent remarks come amidst growing tensions within the Ethereum community regarding governance and leadership. In a January 21 post on X, Buterin strongly rebuked calls for external influence on leadership decisions, expressing frustration with the backlash against the Ethereum Foundation. He stated,
“YOU ARE MAKING MY JOB HARDER. And you are decreasing the chance I have any interest whatsoever in doing ‘what you want.”
The criticism comes amid ongoing concerns about centralization, with Ethereum Foundation executive director Aya Miyaguchi, in her role since 2018, facing calls for resignation due to perceived inefficiencies.
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