Ethereum FUD sentiment spreads, Vitalik turns on pre-war mode to respond to doubts

Original author: James, BlockTempo

Andy, host of the cryptocurrency show The Rollup, cited Kaito AI data and pointed out that Ethereum co-founder Vitalik Buterin has been in pre-war mode recently. He has received the highest KOL attention in the past seven days, reaching 1.69%, followed by Helius Labs CEO Mert Mumtaz with 1.18%.

Vitalik Buterin hits back at criticism of Ethereum Foundation

Ethereum and the Ethereum Foundation have been subject to a lot of criticism recently. The price of ETH has been flat this year, and the market is dissatisfied with the frequent selling of ETH by the Ethereum Foundation. For this reason, Vitalik Buterin recently wrote a long article on the X platform to defend the Ethereum Foundations regular sale of ETH.

Vitalik Buterin explained that these sales by the Ethereum Foundation are used to pay Ethereum developers and researchers to maintain the PoS mechanism, which allows transactions to be completed in 30 seconds with low fees and allows for the privacy features of zero-knowledge proofs, while keeping the network running uninterrupted since 2016:

“Ethereum no longer issues 5 million ETH per year due to the PoW mechanism. Users can now use Ethereum at a very low cost. Users’ Ethereum transactions can be completed in 30 seconds instead of 1-30 minutes (due to EIP-1559). Please be respectful.”

When asked why the Ethereum Foundation does not stake all of its ETH holdings and use the proceeds from staking to pay for expenses rather than selling ETH directly, Vitalik Buterin explained that the Ethereum Foundation wants to avoid being forced to make an official choice in the event of a controversial hard fork.

However, Vitalik Buterin said that the Ethereum Foundation is exploring other ways to participate in staking, including issuing grants with staked ETH, which will allow recipients to control their own withdrawal time and retain rewards. He also mentioned that he is considering delegating the Ethereum Foundations staking responsibilities to other organizations.

As the FUD sentiment of Ethereum continues to spread recently, Vitalik Buterin has been speaking out more and more frequently on the X platform. He has recently been publishing the outlook of Ethereums technical roadmap, sharing his insights and suggestions on the Merge, Surge, Scourge, Verge and Purge phases, which may have an impact on the future of Ethereum.

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