Unchained · Wednesday, August 12, 2026
Mike Silagadze has voiced concerns regarding the speed of a proposed monetary policy change for Ethereum, suggesting it could lead to an exodus from the top 10 protocols and a dramatic loss of confidence. Stanny from Ave described the proposal as one of the most resisted in Ethereum's history, criticizing the Ethereum Foundation's 'ivory tower academic approach' as disconnected from developers.
“So, um, there is 48 hours to comment on the monetary policy change. Mike, uh, Silagadze has been complaining about that one being this is a very rapid thing.”
“Seven of the top 10 protocols could face an exodus. This is a dramatic loss of confidence and governance and stability to be done this way.”
“That was from Stanny at Ave. Um, basically the EF's ivory tower academic approach will not solve these challenges. It's disconnected from the builders in the trenches.”