COINOTAG News, April 29th — In a recent statement, Ethereum co-founder Vitalik Buterin outlined two pivotal objectives for the Ethereum Foundation (EF). The foremost aim is to significantly amplify Ethereum’s adoption, focusing on harnessing its core attributes to deliver genuine value to users. The secondary objective is to robustly enhance Ethereum’s resilience and decentralization by rigorously identifying and mitigating potential vulnerabilities within the technology framework.
However, skepticism arises from Pierre Rochard, VP of Research at crypto mining firm Riot Platforms. Rochard critiques the foundation’s plan, arguing that enhancing Ethereum’s usage and decentralization does not inherently drive up ETH value. He asserts that existing tools like wBTC or USDT can fulfill the usage objective. Moreover, he characterizes these goals as somewhat clichéd and lacking depth. As a constructive alternative, Rochard proposes an Initial Public Offering (IPO) on the NASDAQ, with a strategic treasury management plan for ETH utilizing convertible bonds.