The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it. The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it. If we want to get Ethereum back to winning: - create an organisation with credible funding, minimum $1b as a start. That's very reasonable for an ecosystem with $250b market cap - find a leader who is competent and wants to fight - make it accountable: a board of people who want ETH to go up, and a charter that holds the org accountable to it - fund it permanently: A significant amount of staking revenue needs to go to it. A governance mechanism that can adjust it (also part of accountability). Very hard to imagine now, but I think this is the only way (and it will probably happen, but it might take a long time before it is consensus).

Time to say something out loud. The first era of Bankless has concluded. A six year collaboration between David and myself exploring crypto, defi, and maximizing Ethereum. We're in the second era now. In this second era I'm planning to take more of a backseat role supporting @TrustlessState as he explores new frontiers in crypto and beyond. I'll still be the pod every week (would never miss a rollup) but less in the role of content direction and guest interviews. David has the helm. He has my full support. For my part, I'm still bullish ETH. And bullish Bankless.

You cannot understand cypherpunk in 2026 if your framework is macro. If your favorite hacker can explain what the Fed did last week, unfollow them.

1/ We are sharing additional details regarding our investigation into unauthorized access to GitHub's internal repositories. Yesterday we detected and contained a compromise of an employee device involving a poisoned VS Code extension. We removed the malicious extension version, isolated the endpoint, and began incident response immediately.