The EF’s Endless Manifestos gm Bankless Nation,
The Ethereum Foundation's commitment to ideology and values has undoubtedly served as a novel point of differentiation from more cynical leaders at competing blockchains, but still, sometimes it doesn't feel like the EF is all that great at reading the room... In today's essay, David Hoffman gives his thoughts on the newly released 'EF Mandate' and what it leaves out of the conversation. luma 🫡 Sponsor: Mercuryo — Infrastructure powering the crypto economy. . . .
OPINION The EF’s Endless Manifestos This week, the Ethereum Foundation released its “EF Mandate.” This is yet another public document of Ethereum’s mission, values, and how the EF will steward it – wrapped in flowery language, rainbows, and anime. I’m honestly tired of this stuff. The time to write a ‘mandate’ of Ethereum’s values, as a guiding document for the direction of Ethereum, was in the 2015-2020 era. And I’m sure there was something like this published back then, too. It seems the main exports of the EF these days are these kinds of mood board documents to remind themselves, and us, what their vibe is. I worry that Dankrad's analysis of this document is accurate. This ‘mandate’ from the EF is saying, “Hey, we tried doing the whole ‘maximize Ethereum’s value’ thing, but we’re going back to building cypherpunk stuff only.” I’m of the disposition that if you maximize the market value something brings to the world, then that is highly synonymous with maximizing the most good for most people, which is what I’m assuming Vitalik thinks he's doing when he reaffirms Ethereum's trajectory to only support the hardline cypherpunk side of Ethereum. In the mandate document, and also restated in Vitalik’s tweet, is the line... FRIEND & SPONSOR: MERCURYO If you're building in crypto, your users need a way in — and a way out. Mercuryo's on- and off-ramp infrastructure is trusted by leading wallets and platforms to move money fiat to crypto and back in seconds. White-label ready, globally licensed, and built for scale. . . . WHAT YOU MISSED BlackRock's ETHB 📈 The Asset🏛️ The Protocol📱 The Apps🤫 The Privacy Stack🐸 The Culture💽 The Tech . . . WEEKLY ROLLUP Something Strange Is Happening Ryan and David break down a week where war hit markets, and the safe-haven playbook broke down: Oil spiked, gold failed, bonds sold off, the dollar caught the flight to safety, and crypto somehow bounced right through it. Then they unpack Trump’s public pressure campaign against banks over stablecoin yield, Kraken’s historic Fedwire breakthrough, and why crypto is starting to look less like an outsider and more like part of the financial core. Plus: Anthropic vs. the Pentagon, Erik Voorhees’ private AI push with Venice, fresh Aave governance drama, ZachXBT helping catch the $46M government crypto thief, and The New York Times calling crypto dead right on schedule. Tune into this week’s Rollup! 👇 |
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