Ethereum developer Lefteris Karapetsas opposes the validator rewards funding proposal.
Renowned Ethereum developer and Rotki founder Lefteris Karapetsas publicly opposes the recently hotly debated "Funding core development with validator proceeds" proposal.
He points out two core issues: first, the mechanism would create a cartel of large stakers that could capture up to 10% of the network's validator rewards and unilaterally decide the flow of funds; second, he does not want to continue sustaining a core development culture that has been out of touch with actual developer needs for the past 10 years.
He also states that if a funding mechanism is truly necessary, he prefers using burned ETH transaction fees instead of taking a cut from validator rewards.
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97.8K @PANewsCN 
72.6K @LefterisJP Over the weekend I read the proposal for funding core development through validator proceeds and the reaction to it.
A lot of misinformed people in X, had obviously not even read the proposal. When trying to argue against something AT LEAST argue against the actual proposal and not a version of the proposal you think was made. The original authors deserve at least that.
Now that said I myself am also against this proposal and I answered why in the ethresearch forum.
It boils down to my disappointment with the way the ethereum core development has progressed in the last 10 years and their lack of touch with the actual users (dev users) of the protocol. I don't want to keep rewarding this way of core development. Consolidation is good and much overdue.
I also take issues with the mechanism proposed as this would create a cartel of the top stakers who could steal up to 10% of the entire network's validator rewards and funnel it into whatever they want.
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2.0K @bigwave96475815 I will write a little more
This person keeps saying capitulation,
but I also feel that without it it is hard to say the bottom has been hit.
Capitulation refers to 【the moment when investors who can no longer tolerate a long‑term decline or loss acknowledge “defeat”, lock in losses and panic‑sell their positions en masse】
2.0K @bigwave96475815 ↓It’s a bit long, but I think it’s worth reading
I believe it concisely hosts personal analysis of what’s happening, including charts and external environment
Even anti‑Ethereum folks might want to read it to the end…
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25.0K @KamilShaheen19 $ETH is entering a zone I’m watching closely
My plan:
→ Scale in between $1,600 and $1,200
→ Stay patient and average in over time
→ First target: $10K
Not financial advice, just sharing my game plan https://t.co/o4t3bA41b1
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