Ethereum

A lot of EF hate on the app that’s designed to make us hate each other

I think most of it is completely missing the full picture. I shared my thots on x 👇

With the latest discussions around a modern-day consensys, or a second foundation, or an other vehicle to help fix eth's long-standing huge problems in marketing, ecosystem, and end-user app growth, it's crucial that we don't rely on or ask the current crop of infrastructure/core…

@ryanberckmans Ok I’ll finally bite. I’ll probably regret sending this but here we go. It feels like everyone is missing the big picture, and it’s especially disappointing to see this from people who’ve been in the Ethereum ecosystem way longer than me.

First off, yes, I work at the EF, but I…

chaskin.eth

A lot of EF hate on the app that’s designed to make us hate each other

I think most of it is completely missing the full picture. I shared my thots on x 👇

https://x.com/jchaskin22/status/1875639262860705903?s=46&t=Ngl1sElWUn3Od1WsMs2f0Q

/ethereum foundation | the tools we create will set us free paragraph.xyz/@chaskin

I hope that the EF doesn't start taking direction from a bunch of bag holders desperate to pump their bags 🤦

I'm okay with apps on Ethereum doing marketing, even subsidized from EF, or EF promoting various developer events etc, but directly marketing it the way Solana does is just morally repugnant IMO.

Promoting blind speculation and FOMO pumps might work for some short term price action, but is ultimately destabilizing and will repel the kinds of people we need to actually build a sustainable ecosystem.

Appreciate your thoughts and your projects, basepaint is one of my favorite apps! I agree with most of it

The EF could definitely use a Toly / Mert, it's worth noting that Mert doesn't work at the Solana Foundation, he's definitely a value add to the Solana community so it would be awesome if someone from the Ethereum community wants to do something similar but also shit posting on twitter all day is brain rot so I don't blame people for not wanting to do it

Instead of shit posting on twitter like Toly does Vitalik leads by his blog posts which set the vision and philosophy for Ethereum, each has it's pros and cons, I know which one I prefer

But that doesn't mean something from the EF couldn't shit post all day. I think you're slightly off with the EigenLayer example - that went down the way it did because they were given multi million illiquid advisor deals. EF actually released it's COI policy in the most recent EF report (https://ethereum.foundation/report-2024.pdf) and most investments are allowed

Founder, designer, & product guy at /basepaint and /eigenlayer

This is good but I also think there's a fundamental problem with CT not knowing what it even wants and so it picks an arbitrary label ("marketing") to express a much more nuanced desire ("perceived leadership and direction, catchy memeing and posting like Toly and Mert, and picking winning projects).

Solana videos don't do much if anything.
Toly and Mert shit posting most of the day and boiling vision down to IBRL is imo everything.

Also imo, EF's stance on credible neutrality is understandable but has drawbacks. If I build something decent on Solana, I know the Solana apparatus, + Toly & Mert would probably push it. 
If I built something amazing on Ethereum, I know the EF probably wouldn't do _anything_ because when there were EF folks who did (Eigenlayer) they got slapped hard.

I say this with love, as someone who's launched 2 diff protocols on Ethereum mainnet (and will continue to in the future), Ethereum doesn't give a shit if you launch on it. Solana gives many.

it's a very good article, very thoughtful and spot on

I appreciate the insider perspective and all the work to build a thoughtful protocol.

great read thx for your perspective n facts

Good thoughts.
Fully agree with your chain of thoughts here.