Ah, mesdames et messieurs! Gather ’round as we unveil a tale most curious, where a lead developer of the Geth Ethereum client, the very software that allows our noble validators to execute transactions, has taken to the stage to accuse the Ethereum Foundation (EF) of engaging in clandestine activities! 🎭
In a most audacious post on the platform X, our gallant core developer, Péter Szilágyi, has proclaimed that the EF has not only undermined the Geth development team but has also encouraged its members to seek employment elsewhere, proposed salary reductions, and even offered a princely sum of $5 million for the team to venture forth into the realm of private enterprise! 💰
“EF started and funded a second Geth team inside Nethermind. One ‘100% independent fork from us, with no intended collaboration,’ according to the illustrious Josh Stark, and they didn’t inform either me, Felix, or Martin until I stumbled upon this revelation in the year of our Lord 2025!”
But wait! Our hero corrected himself further down the post, declaring, “2024, whatev :).” Ah, the folly of man! 😂
Alas, the tale takes a darker turn, for our brave developer claims he was unceremoniously dismissed from the Ethereum Foundation after a tête-à-tête with the enigmatic Josh Stark, where he dared to confront Stark about this secretive Geth team. What a scandal! 🕵️♂️
In a twist of fate, CryptoMoon sought the wisdom of the Ethereum Foundation for a comment, but alas, silence reigned supreme at the time of publication. Perhaps they were too busy plotting their next move? 🤔
These allegations come on the heels of leadership changes at the Ethereum Foundation, which has embarked on a series of initiatives to woo institutional investors and rekindle interest in the Ethereum network. A noble endeavor, indeed!
Ethereum Foundation Lays Off Staff, Pivots Funding Strategy
On the second day of June, the foundation announced staff reductions and a revamping of its core development team, focusing on scaling the protocol, increasing blobspace, and improving the user experience—an experience critics have long deemed too labyrinthine for the average soul. 🌀
Furthermore, the Ethereum Foundation has shifted its funding strategy, now relying on the bountiful yield from decentralized finance (DeFi) lending and borrowing, rather than the traditional method of selling Ether (ETH) on the open market. A most intriguing pivot!
As part of this new treasury strategy, the foundation promises to produce regular financial reports, outlining operational costs and current reserves, to provide transparency to the community. Will they keep their promises, or is this yet another act in the grand play of Ethereum? Only time will tell! ⏳
Read More
2025-06-11 21:19