Original title: "V God is domineering: Show me some respect! The Ethereum Foundation is not selling ETH to make money, but to ensure operations and development"

Original author: James, BlockTempo

Andy, the host of the cryptocurrency program "The Rollup", quoted Kaito AI data and pointed out that Ethereum co-founder Vitalik Buterin has been in "pre-war mode" recently. He has received the highest "KOL attention" in the past seven days, reaching 1.69%, followed by Helius Labs CEO Mert Mumtaz with 1.18%.

V God strikes back at criticism of Ethereum Foundation

Recently, Ethereum and the Ethereum Foundation have been subject to a lot of criticism. The price of ETH has performed mediocrely this year, and the market is dissatisfied with the frequent selling of ETH by the Ethereum Foundation. For this reason, Vitalik Buterin recently wrote a long article on the X platform to defend the Ethereum Foundation's regular sale of ETH.

Vitalik Buterin explained that these sales by the Ethereum Foundation are used to pay Ethereum developers and researchers to maintain the PoS mechanism, allowing transactions to be completed in 30 seconds with low fees and allowing the privacy features of zero-knowledge proofs, while allowing the network to operate uninterrupted since 2016:

"Instead of issuing 5 million ETH per year due to the PoW mechanism, users can now use Ethereum at a very low fee. Users' Ethereum transactions can be completed in 30 seconds instead of 1-30 minutes (because of EIP-1559). Please be respectful."

When asked why the Ethereum Foundation does not stake all of its ETH holdings and pay for its expenses through staking income instead of selling ETH directly, Vitalik Buterin Explaining that the Ethereum Foundation hopes to avoid being forced to make an "official choice" in the event of a controversial hard fork.

However, Vitalik Buterin said that the Ethereum Foundation is exploring other ways to participate in staking, including issuing grants with staked ETH, which will allow recipients to control their own withdrawal time and retain rewards. He also mentioned that he is considering delegating the Ethereum Foundation's staking responsibilities to other organizations.

As the FUD sentiment of Ethereum continues to spread recently, Vitalik Buterin has been speaking out more and more frequently on the X platform. He has recently been publishing the outlook for Ethereum's technical roadmap, sharing his insights and suggestions on the Merge, Surge, Scourge, Verge and Purge phases, which may have an impact on the future of Ethereum.

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