Prominent Ethereum Dev Proposes $1 Billion ETH Organization With Leader Who 'Wants to Fight'

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Decrypt Editorial

(10:08 PM UTC)

1 min read

Former Ethereum Foundation researcher Dankrad Feist proposed replacing the organization with a new group.
The new group would need at least $1 billion in ETH funding, he said, plus staking fees and a focus on raising ETH's price.
The remarks come amid resignations at the Foundation and frustration with Ethereum co-founder Vitalik Buterin.

Amidst a cascade of resignations and mounting…