This is also the reason why you should not buy a concubine.

The root cause of the Ethereum plunge is the evil deeds of the Ethereum Foundation, and Vitalik Buterin is addicted to women!

Who is the biggest enemy of Ethereum's development?

First, Vitalik Buterin is addicted to women. It's normal to be in love

Second, the Ethereum Foundation!

Vitalik Buterin doesn't love money but beauty. It's not bad for young people to like beautiful women. Although it has affected the innovation of the Ethereum ecosystem and delayed the sharding of Ethereum's original plan, it will be fine if he gets back on track.

Today, let's focus on the Ethereum Foundation.

Yesterday, the Ethereum Foundation transferred nearly 100 million US dollars of ETH to the exchange and continued to sell coins for enjoyment, which aroused public outrage in the community.

Ethereum's crypto market share (ETH.D) has been falling since the end of 2021, and has fallen by 32.5%. The Ethereum Foundation is to blame for six sins!

1. Corruption: The core developers or researchers of the Ethereum Foundation have gained benefits as consultants from projects built on Ethereum; the foundation has become "parliamentary" and is hunted by all kinds of funds and interests, and never tires of it;

2. Bloated and inefficient: As many as 300 members with ETH allowances are parasitic on Ethereum and sucking the blood of Ethereum; most of them are doing research on paper and are indifferent to innovative projects applying for subsidies;

3. Opaqueness: The annual expenditure of 100 million US dollars is not announced, and the amount of each person's allowance is not disclosed; the people in the foundation only know how to flatter the top personnel;

4. Ideology first: In the past year, the Ethereum circle did not talk about development or application scenarios, but talked about "legitimacy" ); survival in the ecosystem depends on "licking", whoever licks the hardest gets the resources;

5. Inaction: The protocols and applications on Ethereum are fleeing to other public chains such as Solana. The foundation only sells coins to threaten, does not actively communicate to save, and does not serve high-quality potential projects; does not actively market Ethereum, and does not bring incremental growth to Ethereum;

6. No innovation: Iteration is slow, and no innovation means waiting to die.
Update once or twice a year, small changes and small supplements, complacency, and no sharpness.
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