Bridged ETH (NEAR Intents) (ETH)

@dankrad Disagree 100%:
https://t.co/JXLKKi30Xe

The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it.

The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it.

If we want to get Ethereum back to winning:
- create an organisation with credible funding, minimum $1b as a start. That's very reasonable for an ecosystem with $250b market cap
- find a leader who is competent and wants to fight
- make it accountable: a board of people who want ETH to go up, and a charter that holds the org accountable to it
- fund it permanently: A significant amount of staking revenue needs to go to it. A governance mechanism that can adjust it (also part of accountability).

Very hard to imagine now, but I think this is the only way (and it will probably happen, but it might take a long time before it is consensus).

Think what Dankrad never understood, even as ETH researcher: ETH is not a company.

It's a global movement where many organisations and stakeholders play a crucial role.

EF. Etherealize. Conensys. ETH DATs. broader research community. client teams. validators. nodes. dapp teams. users. broader community.

An organization described by Dankrad fits for Tempo. Canton. Arc. Hyperliquid. And all other centralized companies / entities.

But not for ETH.

It coordinates by rough social consensus by all stakeholders, independent of one central entity.

And it needs not be saved.

It is in kickass mode all along (L1 soon having 10k+ tps, Base getting to stage 2, L2s already doing 75k+ tps, MegaETH exploring new chain designs, only L1 having state level security, privacy initiative going well etc.)

Think it's good that Dankrad is in his new place, hope Tempo has success as a company.

ETH will have it's success as foundation for onchain AI economy.