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Vitalik explains why the foundation does not stake ETH: not wanting to be forced to take a stance during significant hard forks

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Vitalik explains why the foundation does not stake ETH: not wanting to be forced to take a stance during significant hard forks

ETH prices have not performed well this year, making the irregular sales by the Ethereum Foundation more noticeable. Ethereum founder Vitalik Buterin was asked why the Ethereum Foundation does not stake ETH for profit but continues to sell its ETH holdings, and Vitalik has explained this in a post.

Vitalik Reveals Annual Salary: 182,000 Singapore Dollars, Ethereum Foundation's Spending Details Fully Disclosed

Vitalik Explains ETH Sales Multiple Times

The crypto community often irrationally criticizes the Ethereum Foundation's sales of ETH, even magnifying minor changes in Vitalik's wallet address.

In recent days, Vitalik has frequently responded to similar questions and argued reasonably:

@Hexologist31: Stop dumping

Vitalik responded:

I have not sold any ETH in the past month. In fact, my ETH holdings have increased.

@NeoCallss: What's the situation with the Ethereum Foundation's ETH sales?

Vitalik pointed out the efforts of the Ethereum Foundation in recent years:

  1. Ethereum no longer issues an additional 5 million ETH per year due to proof of work

  2. The fees for using Ethereum are very low today

  3. Your Ethereum transactions can be completed within 30 seconds, not 1-30 minutes with EIP 1559

  4. You should show some respect to the Ethereum Foundation

A Brief History of EIP1559 for Busy People: No, It Doesn't Guarantee an Increase in Ether

Did Vitalik Buy a Yacht?

@BarretAche7427: Do you spend hundreds of millions of dollars every year to buy yachts and then discuss POS, which is actually meaningless and lacks innovation?

Vitalik replied:

I think I've been on someone else's yacht less than five times in the past ten years, and everyone has a very broad definition of yachts. I prefer to stay in cafes, although sometimes people take strange videos of me working on my laptop for up to a minute in a cafe and upload them to social media. Please don't do this.

Reasons Why the Ethereum Foundation Does Not Stake ETH

Independent researcher @jason_chen998 asked why the Ethereum Foundation does not stake all ETH like the Nobel Prize Foundation, pay costs with the proceeds, and consider market sentiment and everyone's voice, insisting on regular sales of ETH. You have always claimed that Ethereum POS is secure, so why not stake ETH yourself? Is it a lack of confidence in POS?

Vitalik replied that they do not want to be forced to make an "official choice" during controversial hard forks.

Ethereum Foundation's Staking Donation Program

Vitalik also mentioned that the foundation is considering a staking donation program where users can stake the foundation's ETH. Users can choose how to stake, as long as it has advantages, is ethical, but some of the proceeds need to be donated to the foundation.

Another way is to transfer resources, should refer to ETH, to multiple trusted organizations representing Ethereum.

Although Vitalik has been actively speaking out about Ethereum's development recently and has transformed into an executive mode, ETH has not shown improvement, and its price has been overshadowed by its top competitor.

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