# @dankrad: Ethereum needs a $1b+ org funded by staking revenue and accountable

Source: https://x.com/dankrad/status/2057441946616930799?s=12

## Summary

Dankrad argues that Ethereum needs a community-created organization that is economically aligned with ETH and accountable to it. He says the Ethereum Foundation holds less than 0.1% of all ETH and receives no flow of staking or fee revenue. He proposes an organization with at least $1 billion in funding, led by a competent leader, overseen by a board of people who want ETH to go up, and permanently funded by a significant share of staking revenue, adjustable through a governance mechanism.

## Article

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).