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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There is perhaps a bit of tension between the name "the Splurge" right after talking about the philosophical and technical need to keep the protocol simple.
But hey, some things are worth splurging on
WHAT IS THE SPLURGE REALLY?
Well it's a bit of a laundry list:
1. Account Abstraction, which is Ethereum lingo for smart contract wallets
2. Maybe some EVM stuff like modular arithmetic extensions
ETHEREUM ROADMAP EXPLAINER FOR THE REST OF US, part 3
Welcome back, we will again attempt to dumb down Vitalik's blog post on "the Scourge" to the level that even an English major can understand it.
Vitalik was reaching for a rhyme with the Merge and the Surge, and scourge is what he came up with.
But the point is that Ethereum Proof of Stake is the first decentralized PoS and the one with by far the most economic activity and value on it.
It has a different set of problems than the "proof of stake" systems which came before it.
So what are the scourges?
1. liquid staking (Lido) and restaking (Eigenlayer***)
2. MEV
*** Eigenlayer did the proper thing by capping how much of Lido's STETH that it accepted.
When Ethereum turned off Proof of Work ("The Merge," see part 1 of my series), a consequence was that many stakers (also called "validators" or more generally "block producers" or "block constructors")
That is, there's a relatively small group of block builders who compete to find the block which is most profitable every 12 seconds to the staker who is responsible for that block.
This is called "proposer builder separation" in Ethereum lingo
I feel like there's lots of background to be said here and perhaps I am already too far into the weeds.
Basically we're worried that there are lots of centralization vectors around economies of scale just like there are in PoW
But we want to stay 10x more decentralized than PoW