"The current approach of the Ethereum Foundation tends to pursue the best, rather than just good enough."

Written by: cryptoHowe.eth

Recently, a tweet from Jian Ge @jason_chen998 sparked discussions about Ethereum. After reading the viewpoints of Haotian Ge @tmel0211, Chen Mo Ge @cmdefi, and others, I would like to share my own thoughts and opinions. If there are any issues, please feel free to point them out.

Mo Ge used the examples of building cars and roads. I will use another possibly inappropriate example to illustrate. Here, we compare the Ethereum ecosystem to a real estate project that can be speculated on, where retail investors are the ones looking to speculate on real estate, and the Ethereum Foundation is equivalent to the developer/property management of that project.

Looking back at the development of the Ethereum ecosystem, we can see that the construction route and process of the project are basically determined and executed by the developer themselves. This did not show much impact in the early stages of the project, as it was originally just an empty lot. The most important thing was to build the project first, establish a presence, and start delivering before attracting more investors.

The current Ethereum ecosystem is similar to a real estate project that has been delivered for a certain number of years, having experienced several waves of good investment, and the Ethereum Foundation has begun to take on the role of property management. By now, I believe many have experienced scenarios where homeowners (investors) have disagreements and conflicts with property management. Currently, the divergence between the two lies in the actions taken by property management (the decisions of the Ethereum Foundation) and the needs of the homeowners (the demands of market users). This is akin to homeowners reporting to property management that their drainage pipes are clogged, and property management takes several days to draft a plan stating that they will replace all the drainage pipes with larger ones. This aligns with what Teacher Meng Yan @myanTokenGeek said last night in Space, that the current approach of the Ethereum Foundation tends to pursue the best, rather than just good enough.

However, as I have always said, users of a product are primarily concerned with whether their needs can be met simply and quickly. They do not care whether the product they are using is Web2 or Web3, nor do they care how much better the product is compared to others in certain aspects; they only care whether the product can simply and quickly fulfill their needs.

In other words, homeowners just want property management to quickly clear their clogged drainage pipes and do not care whether other homeowners have the same issue or how much property management will spend to hire someone to handle it. If property management chooses to ignore the direct needs of users and instead adopts a longer-term, more time-consuming solution, it will lead to serious dissatisfaction and even loss of homeowners, and for external investors considering buying into the project, witnessing this situation will inevitably raise concerns about the appreciation potential of the project, and they may even be attracted to neighboring projects with better services and greater potential.

Therefore, in the current ecological development, the approach of the Ethereum Foundation is significantly disconnected from the needs of market users. Users, having experienced events like the launch of numerous chains, the Layer 2 bloodsucking, and the flourishing scene of Solana, inevitably express concerns about Ethereum's "calm" phenomenon. As one of the important roles in the development of Ethereum, the Ethereum Foundation undoubtedly needs to comprehensively consider both technological research and market demand. If they bury themselves in technological research while ignoring the voices of the market, the result will undoubtedly be a rapid loss of a massive number of users.

My personal view is that the Ethereum Foundation should find a suitable balance between development paths and market demands, and it is important to note that this does not mean finding the optimal solution. Ethereum has already achieved a lot to get to where it is now; we cannot simply deny its accomplishments due to a temporary crisis. The price at which a project can sell depends on whether investors can find good selling points, such as good renovations (well-developed infrastructure) and good supporting services (mature ecological development). These are not necessarily the primary concerns of the developer/property management; their focus is more on ensuring the safety of the buildings and improving the quality of services.

At the same time, we must not forget that without the efforts of the Ethereum Foundation, there would be no solid infrastructure to support the flourishing development of upper-layer applications. Their efforts deserve recognition. I will conclude with one sentence.

Time and patience will be the best remedy.

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