'Ethereum Community Foundation' Makes a Stir at EthCC

There was a plenty of irl and online buzz surrounding one talk in particular at EthCC, one debuting The Ethereum Community Foundation, which aims to realign Ethereum's priorities by focusing on monetary value, regulatory presence, and direct benefits for ETH holders. They seek to transform Ethereum from an experimental platform to a strategic, economically competitive network.
Below are some of the key points from Zak Cole's presentation:
What's the Scoop?
- Strategic Priorities: The ECF aims to fund ETH-burning projects, enforce immutability, reject token speculation, and actively represent ETH holders' interests.
- ETH Monetary Vision: Ethereum is a critical monetary infrastructure, with a goal of reaching a $1.2 trillion market cap and treating ETH as a monetary asset.
- Insufficient Regulatory Engagement: The Ethereum ecosystem lacks proper policy and regulatory presence, unlike competitors like Solana who actively lobby in Washington D.C.
- More Validator Representation: Launching the Ethereum Validator Association (EVA) to give validators more influence in network development and decision-making.
- Funding Critique: Current Ethereum Foundation funding models are ineffective, supporting vague public goods and allowing projects to create extractive token models.