Dept of Ethereum Inefficiency

Ethereum Foundation burns $100m/year. Do they deliver value?

CA: GE94sXcHRys5oUtcvecyLvtXR2f2Afhp13UqWy15pump

[Dept of Ethereum Inefficiency @DEInefficiency]

Do you think the Ethereum Foundation should be dissolved?

[Dept of Ethereum Inefficiency @DEInefficiency]

In a staggering display of inefficiency we haven't posted for a few days

[Dept of Ethereum Inefficiency @DEInefficiency]

Does anybody know how many years the EF has been spending $100m? Genuine question.. we need to know for a bit.

[Dept of Ethereum Inefficiency @DEInefficiency]

It might be what you're thinking, or what you hope, or it might be some other, more inefficient third thing.

[Dept of Ethereum Inefficiency @DEInefficiency]

$100m $ETH burned by the EF each year.
100m $DEI acquired by the dev wallet.

Wonder what happens next.

[Dept of Ethereum Inefficiency @DEInefficiency]

What do you think @VitalikButerin?

[Dept of Ethereum Inefficiency @DEInefficiency]

Do you think the Ethereum Foundation should be dissolved?

[Dept of Ethereum Inefficiency @DEInefficiency]

I love it when a plan comes together

[Dept of Ethereum Inefficiency @DEInefficiency]

Ok pretty sure where to take this

This is going to be fun

[Dept of Ethereum Inefficiency @DEInefficiency]

How many years of pilling is the right amount?

[Dept of Ethereum Inefficiency @DEInefficiency]

2) The FTX liquidation engine

[Dept of Ethereum Inefficiency @DEInefficiency]

Ongoing thread of things that are more efficient than the Ethereum Foundation:

[Dept of Ethereum Inefficiency @DEInefficiency]

1) The US Government

[Dept of Ethereum Inefficiency @DEInefficiency]

@inversebrah we know something even less efficient than the US government

[Gwart @GwartyGwart]

I don’t even know if I’ll still like blockchains in 5 years

[Dept of Ethereum Inefficiency @DEInefficiency]

@tednotlasso that's our kind of inefficiency

[Dept of Ethereum Inefficiency @DEInefficiency]

@solana we'd rather build resentment

[Dept of Ethereum Inefficiency @DEInefficiency]

@blknoiz06 Meanwhile the Ethereum Foundation is doing its best to be the complete opposite

[Dept of Ethereum Inefficiency @DEInefficiency]

EXTREMELY long

[Devcon 8 | Mumbai, India 🇮🇳 @EFDevcon]

"To put it simply, Ethereum is built for the long term."

-@AyaMiyagotchi, ED @Ethereum Foundation on the Devcon Opening Ceremonies Stage

[Dept of Ethereum Inefficiency @DEInefficiency]

Rumours of our dissolution are greatly exaggerated.