SCOOP:
Vitalik has decided to spin out ecodev from EF
The decision was made fortnights ago when he tweeted something to that effect but was only announced internally a week ago.
The details of how it gets spun out are in flux
Thread 🧵
Originally the rumors from many sources were that the entire right side of the org chart would spin out
Most people took this to mean the blue box (eco dev) and the red box (ecosystem unblocking)
However some people in eco unblocking literally work on Vitalik's pet projects, so it always seemed improbable that the entire red box would be spun out
I can confirm that some people in eco dev have already been fired and will not join the spinout
So what is actually happening with eco dev?
Many sources say that discussions are being had about merging the Enterprise Ethereum Alliance brand with eco dev and making it the "Ethereum adoption org" and getting years of funding from EF
EEA has always been a troubled org - it was not set up well & as such has not delivered value
Even as Ethereum is *THE* only choice for enterprise and the default for institutions...
The EEA has just a few dozen members remaining
It has 10x more ex-members than current members
It's a problem because no one wants to rug the managers who stuck their neck out to procure the EEA dues
But some of the original sins of the EEA setup hamstring the org (for example, many on the EEA board don't hold ETH or care if Ethereum wins)
@VitalikButerin seems to believe that the community wants eco dev
That's unclear to me
Everyone I talk to doesn't think eco dev is very effective (and there's also many rumors of conflicts of interest)
The eco dev team becomes 10x less effective the moment it is spun out of EF
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