Unchained · Wednesday, August 12, 2026
Chris views the Ethereum proposal positively, suggesting it means the Ethereum Foundation (EF) will 'eat its own cooking' by not controlling the network's direction. He believes the proposal will fail because the community and value-accruing applications do not grant the EF that control. Chris also emphasized the importance of yield rates in blockchain economies and the need for transparent, community-driven rate adjustments.
“I think this is great because I think the EF is about to eat its own cooking.”
“And I think what you're going to see here is this is going to fail. Why is it going to fail? Because the community, the applications that are accruing a lot of value and have the potential to probably accrue more value because many of us believe the fat protocol thesis is not where their value accrues gonna be.”
“So, so any type of change needs to be open and transparent, gradual, brought about by the community because when you mess with the risk-free rate of any blockchain, it controls the economy.”