Ethereum Foundation Faces Heat After Feist’s $1B Proposal
Dankrad Feist proposed creating a new Ethereum-focused organization with at least $1 billion in funding.He said the new group should be economically aligned with Ethereum and accountable to the community.Feist argued that the organization should have competent leadership and a board with stronger oversight.He said the group should also have a mandate to help support ETHs value.The proposal added fresh pressure on the Ethereum Foundation on Thursday. Pressure on the Ethereum Foundation rose on Thursday after former core developer Dankrad Feist proposed a new Ethereum-focused organization. Feist said the group should raise at least $1 billion and operate with leadership accountable to the Ethereum community. His proposal added to concerns about governance, staffing exits, and Ethereums market performance. Ethereum Foundation Draws New Criticism After Feist Proposal Feist outlined the idea in a post on X and framed it as a way to “save” Ethereum. He said the community needs an organization “economically aligned with Ethereum and accountable to it.” He proposed a board with stronger accountability and a clear mandate to support ETH. He also said the group should aim to help Ethereums price rise. Feist said the organization should have at least $1 billion in funding. He added that staking revenue could help support