‘Second Foundation’ account stirs debate over Ethereum Foundation’s future
Konstantin Lomashuk, founder of Ad Lido, shared an X profile named “Second Foundation” amid discussions on the Ethereum Foundation's (EF) effectiveness but clarified that no such entity exists. Vitalik Buterin emphasized the need for EF to represent Ethereum confidently while allowing space for other organizations. He rejected calls for Executive Director Aya Miyaguchi's resignation after EF sold ETH for expenses, arguing that alternative strategies like staking could have been better. Buterin criticized social media pressure campaigns, asserting his authority over EF leadership decisions without indicating immediate personnel changes. Community members, including Matthew Sigel and DeFi Maestro, supported the idea of diversifying leadership beyond EF. Lomashuk received backing from peers as a potential leader for a new Ethereum-focused entity, with Gabriel Shapiro and José Maria Macedo praising his integrity and vision. Stani Kulechov called for a more focused and efficient EF.
