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Crypto is in a tough identity spot.
At first it looked like we're truly winning as tradfi suits were joining crypto.
But they're building their own version, removing what crypto OGs truly care about: decentralization, permissionlessness, and censorship resistance.
Farcaster founders abandoning decentralized social media vision for Stripe's corpo chain was the most disappointing part for me.
Can't blame them but it's still sad.
On the other side, the Ethereum Foundation seems alone pushing the cypherpunk vision.
But you can't enforce values onto people. They either believe it or they go where incentives are highest.
Many already doing that and it makes rational sense. Everyone wants bigger houses.
In this context, the EF Mandate doc makes sense. It communicates a shared vision so people can stay in or go out.
Requiring staff to sign the mandate or leave reminds me of Coinbase in 2020. They announced a strict 'mission focused' policy with no political activism at work.
Some (especially woke) employees were pissed off but it worked as people who wanted to build stayed.
But Coinbase is a centralized entity so not sure if the same approach works for Ethereum.
For the sake of my bags I hope they keep the mission aligned people instead of watching them leave for corpo chains one by one.