⟠@ryanberckmans
Not sure if this may clear things up or muddy it further - I just know we are winning and it's time to get fully back to building and remember that our patience will be rewarded:
imo it's a common misconception that the EF and/or Vitalik don't care about the price of ETH.
They do care, very much, because they want Ethereum to be globally ubiquitous for a thousand years, and they know that this audacious goal requires lots of resources and economic security which can only come from a terrific ETH valuation.
The reason the EF has often over the years appeared not to care about the price of ETH is two-fold:
One, the EF is overall insanely confident in Ethereum and in ETH. As they should be. They've earned it and earn it every day. So when we are bearish or scared about the spot price, it's just effectively noise from their perspective of strong conviction and focus.
Two, the EF cares about price in long term structural ways that are incomprehensible to many of us.
We want to know why Didn't Number Go Up in Q4 Or Yesterday.
Whereas they want to know, "How will Ethereum remain dominant after quantum computers?" and, "How will Ethereum be the world's economic hub for trillions in assets and thousands of L2s across a hundred countries?" These are inherently bullish questions. And their programs/answers in response are gigabullish.
The EF departures are not because the people departing feel differently about Ethereum and our trajectory vs. the people staying at EF or vs. community folks like me.
The EF departures are because -
Even benevolent special smart wonderful people naturally have internal politics and differences of opinion over substrategies, policies, etc.
Vitalik and his leadership team feel the EF should be run in a certain way. Some folks disagreed. Some tiny number were asked to leave for Reasons. Some few others left immediately due to Reasonable Net Feelings. Some more are leaving because the Wheel is Turning and they feel that while we all love Ethereum and are extremely excited for our roadmap and proud of past wins, the time for new blood is here.
New blood means genzeth and also young up and comers who are ready to take the reins of their teams and departments.
What's important is that the EF's determination is as strong as ever and its strategy and focus are better than ever before. Credible neutrality. Decentralization. 100% Uptime. Postquantum. Privacy. Scaling L1+L2. Unifying/improving UX for L1+L2. The EF is on it.
What's also important is that the EF is now complemented and balanced by a growing cohort of deeply invested elite eth orgs across the stack/verticals/technologies/go-to-markets, including top L2s like Base, Arb, and zkSync, DATs like BMNR and SBET, and enterprise groups like Etherealize and Consensys, and too many more orgs and kinds of orgs to list here.
We will miss the great EFers leaving this season.
The EF is not only going to be fine, they are going to be amazing. Let the wheel turn. We're ready.
This bear market- secularly in crypto and in terms of global issues- is unfortunate, but that's the industry.
ETH will hit multi trillion in due course. Strap in, be patient. Help out. Get involved. I've been here for 8 years now full-time and it's never more felt like I'm just getting started.
Ethereum.