Ethereums Buterin: My Power Will Continue to Decrease
“The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want,” Buterin stated. He reiterated that the EF was never meant to be an “eternal steward” or the definitive center of the network. Selling less ETH Buterin has stressed that the EF operates with limited resources (it holds roughly) 0.16% of the total ETH supply. This is substantially less than the foundations behind many competing layer-1 blockchains. The EF is currently in the process of restructuring its long-term treasury management. In such a way, it will be able to achieve long-term sustainability. “The EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH),” Buterin explained. Chasing ‘impressive’ tech over pure speed Buterin also notably took aim at the industrys obsession with chasing maximum throughput. This might come at the expense of decentralization and security. He argued that simply achieving 250-millisecond latency and one million transactions per second (TPS) while sacrificing core network properties is a mistake. “Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we









