Ethereum Foundation Rocked by Rival $1B War-Chest Proposal
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Former Ethereum Foundation researcher Dankrad Feist proposes a rival $1 billion organization to 'save Ethereum' amid a perceived narrative crisis, triggering an internal civil war. Three days later, Vitalik Buterin responds with a 1,500-word post outlining a 'smaller ship framework' for the Foundation, including a new CROPS mandate, reduced ETH sales and a plan to shrink his own board influence.
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The coverage — 2 videos
The Billion Dollar Plan To Save Ethereum
Dankrad Feist proposed a $1 billion war chest to save Ethereum amid a structural crisis and narrative loss, sparking an internal civil war within the Ethereum Foundation.
Ethereum’s Future Just Took a Sharp Turn
Vitalik Buterin's May 24th post announcing the Ethereum Foundation's 'smaller ship framework' with a new CROPS mandate, reduced ETH sales, and diminished board influence is framed by the creator as reactive damage control and an audit response, triggered by Dankrad Feist's rival $1 billion organization proposal three days earlier.