Peak EF: Why the Unmaking of the Ethereum Foundation Is Inevitable
The Ethereum Foundation has passed Peak EF and is deliberately shrinking through rebrands, team reductions, mild austerity, and a Mandate centered on subtraction.
The Ethereum Foundation’s goal is to reduce relative influence over time, passing the walkaway test by becoming unnecessary to Ethereum’s evolution and coordination. This addresses the chokepoint paradox where the Foundation became the last central point of blame and dependency despite Ethereum’s neutral aims. By fragmenting into smaller independent groups for research, security, and coordination, it mirrors Bitcoin’s acephalous resilience without a head office. The unmaking completes Ethereum as credibly neutral infrastructure, closing the narrative gap with Bitcoin and proving bullish for its monetary premium.