Awesome week at IC3, great mix of ideas and execution! Thanks @initc3org and @chainlinklabs for the opportunity! Shoutout to all the IC3 members for making yet another installment of this event possible!! 🎉🙏
IC3's 2024 Blockchain Camp has come to a close!
Congrats to team "boquila" who won first place at this year's hackathon! 📷 We had a great turnout for the Camp and thank you to everyone who participated.
@patrickc Question: how many days a year so hot that you require AC to really install one?
Imo if less than 28 days then no. Switzerland fallls in this category
Strategically, this list is good.
When discussing Devcon budgets last year, I asked if Devcon India should be the last Devcon. As much as I love Devcon, the multimillion-dollar main event sponsored by EF did not match the idea of letting other event organizers thrive in the ecosystem.
In 2025, before we decided that I should recuse myself from any client funding decisions last year, I was considering what possible decreases for client teams we could execute. It was not easy, and I barely started thinking about it before abandoning it. I see that the team found a way to express it more clearly. Moreover, with modern cybersecurity threats, the defense mechanisms change diametrically, and it is good to see that reflected in the strategy.
@hwwonx and I both started our terms last year by pushing strongly against the megaprojects/megagrants for projects that were not core to the Ethereum protocol. Vitalik supported the most valuable of these projects personally, creating organizations that will strengthen open source and open hardware outside of the EF. These were significant donations from his own funds; you can track them through his earlier announcements. I am glad to see that these are not coming back under the EF budgets.
What I would still love to see from the EF would be more professional and transparent treasury management, on the level of a pension fund or so. We should put pressure on not allowing the Foundation to forgo thousands of ETH because of a lacking treasury function, including slow staking and funds allocation.
When hiring the institutional team last year, I informed them all that I wouldn't want the team to plan to stay with the EF for more than 18 months. I believed that 2025 was critical for the institutional adoption of Ethereum and that the other organizations were not yet ready to lead conversations.
A better institutional message from the Bitmine, Sharplink, Etherealize, Nethermind, and many other teams, now also with more funding toward adoption research at EthLabs, gives the EF a perfect opportunity to minimize the ecosystem function.
The dissolution of PSE and merging it into Protocol and Access is the culmination of a painful three-year process of restructuring PSE, which at some point had more than 100 people. We had disagreements on how the leadership of privacy teams should look, but we agree that the structure fits better directly under Protocol and Access.
The previous departures of Protocol Guild leaders from the EF are also healthy. Protocol Guild has always been a tricky matter. On one hand, I have seen the positive aspects of it, leading to talent retention in core development; on the other hand, it created some taxation-like pressures and alignment conversations that were unhealthy. Having all of Protocol Guild outside of the EF keeps the positives while limiting the negatives.
EthLabs founders are people of great talent and dedication who would only be limited by the current, but also the past, shape of the EF. I think that, with proper funding, they will bring a lot of positive acceleration research.
My biggest worry is about execution. If you look at the diagram, it feels like it goes back to a messy, unclear structure: seven high-level structures instead of four, while it should be three without PSE, and confusing team names internally. This most likely reflects the team's challenges in controlling pressures for people to keep titles. It may be read by some as a return to a "decentralized" EF, but I feel that it more likely represents the EF's struggle to limit decision-making at the board level and limited delegation to reliable senior leaders.
@aravind Arvind ji please don't do this, weakening your credibility.
Happy to sponsor a trip for you to Barcelona.
Barcelona is 1000x better than Bangalore (except crime). Urban spaces, as in Barcelona, are only found in gates societies in Bangalore.