Ethereum Foundation is in a dilemma, how to bail-in?

The Ethereum Foundation is a contradiction. Despite its commitment to decentralization, it operates like a centralized entity with a chairman, a treasury, paid developers, and an inner circle. Such an architecture, while necessary for coordination, conflicts with Ethereum's philosophy of Decentralization. This article is from an article written by Texture and curated, compiled and contributed by Foresight News. (Synopsis: The community forces the Ethereum Foundation director to step down, Vitalik explodes: the decision is in my hands, outsiders shut up) (Background added: No love.. Ethereum Core Developers: The Foundation is out of touch with the community and has lost its enthusiasm for ETH) The State of the Foundation Many people may not know that the current Ethereum Foundation is not formed in an ideal way. Ming, the former director, was ousted by a group of people whose identities were never disclosed and who were not responsible for the incident. I spoke to Ming a few days before she was removed from office, and she revealed that she had no intention of leaving. I was later told who led her removal, but no reason was given. I've heard that Ming has some things to do, and her strong style makes some people uncomfortable. I believe there is some truth in this, but these claims are often only superficial, and there may be a deeper truth hidden behind them. Based on the way the organization has operated over the past seven years, I can infer some good-faith reasons. An important responsibility of the organization is to prevent internal power struggles and the control of external forces. These goals are noble, and they seem to have been effective in achieving them. Another major follow-up seems to be to minimize the group's public exposure and structure itself in a way that does not incur government wrath and accountability when political winds shift. But as the political winds shift and other alternatives emerge in the market, the organization itself must adjust in form and function. Ethereum has been a visionary project from its inception, and its significance is not limited to technical aspects. By empowering individuals to achieve things that previously required billions of dollars, thousands of people, or millions of man-hours, it points to a previously unimaginable future possibility. The current Ethereum Foundation, in order to minimize internal and external threats, has lost that vision. Leading with a vision The next phase of Ethereum requires more than just technical research and coordination. It requires visionary leaders who understand not only technology, but also its broader social, philosophical, and political implications. This leader must inspire a new generation of builders, connect technology with human needs, and navigate complex political situations without going against Ethereum's philosophy. More than just a technical document, the Ethereum white paper is more like a beacon where like-minded people can come together under a common vision. It serves as a guide in the face of chaos, uncertainty and frequent conflict. What ensures our mutual success is not the absence of challenges, but that we know exactly where the mountain we strive to climb is. This shared vision allows us to remain consistent even in times of disagreement and frustration. It's an idea that emerges from the times, a blueprint that goes beyond the individual behind it, and inspires a community to persevere, innovate, and ultimately turn that vision into reality. Without it, the project could easily collapse due to the weight of its own ambitions. Be transparent and follow the community Transparency is also crucial. Over the past few years, the Foundation has receded into the background, leaving the community feeling disconnected from it. But without community, Ethereum would achieve nothing; Without community, Ethereum would be meaningless. A community needs to be managed, nurtured and nurtured. It needs to attract new people, inject new energy and ideas, and be bound by a shared vision. This includes the team working on Ethereum. From a legal perspective, Ethereum must seize the opportunity to engage with lawmakers. The current political environment in the United States is particularly favorable, and if we do not act now, we risk losing our development advantages. U.S.-elected President Donald Trump not only holds Ethereum, but also launched a lending protocol on Ethereum. Just a year ago, the Democratic Party publicly declared war on cryptocurrency, and the future seemed uncertain, and the political situation we are in today was unimaginable at the time. There's never been a better time to ensure that Cryptocurrency delivers on its promises. While remaining politically neutral, foundations can establish or promote frameworks that encourage compliance and innovation. Without these frameworks, the cryptocurrency space is flooded with speculative projects: first-time tokenissuance (ICO), Decentralization Autonomous Organization (DAO), non-fungible token, etc., all of which are circumventing regulation rather than building sustainable use cases within regulatory boundaries. The Ethereum Foundation should also consider using its own technology to coordinate operations and demonstrate the transformative potential of the Decentralization system. By adopting Ethereum-based tools and protocols, the Foundation has the potential to manage governance, treasury spending, decision-making processes, and community engagement. This not only demonstrates Ethereum's capabilities, but also strengthens trust within the community by practicing the principles of decentralization and transparency advocated by the project. In addition, leveraging the Ethereum ecosystem for coordination can serve as a real-world example to inspire developers and other organizations to explore similar solutions. By integrating its own technology into operations, the Foundation is able to both highlight the platform's real-world usefulness and set a precedent for how the Decentralization system can effectively manage complex organizations. Taking responsibility for building the future Finally, financial accountability must be a top priority. With $100 million spent annually, the Foundation is supposed to deliver measurable results. Despite the huge investment in technical research, the user experience of Cryptocurrency has stagnated. Improving the user experience, user interface, key management, and other security and usability issues is not insurmountable, but has been grossly neglected. This oversight reflects a blind spot that must be addressed without Ethereum achieving wider adoption. From the beginning, Ethereum was more than just a technology project, it was a visionary movement that aimed to empower individuals to achieve what once required a lot of resources. Today, that vision is at risk of disappearing. To rekindle this vision, foundations must embrace transparency, focus on leadership development, engage with communities, and make a difference in law and politics. Ethereum's story is a triumphant chapter over chaos and a powerful testament to the power of a collective vision. To secure its future, the Ethereum Foundation must transform itself from a reactive institution to a proactive, visionary driving force. For Ethereum, for the community, for the greater good, for the future. Related reports Vitalik: Consider stakeEthereum to address the Foundation's criticism of selling ETH, but address these two concerns Ethereum Foundation allocates 50,000 ETH to participate in Decentralized Finance, has executed a test transaction in Aave Messari analysts: No one can help but wonder if XRP's market capitalization will surpass ETH? "The Ethereum Foundation is embattled, how to bail-in?" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".