The transparency of the Ethereum Foundation raises doubts, and the official response is weak
Author | Qin Xiaofeng
Editor | Lu Xiaoming
(Image via Cointelegraph)
Editor | Lu Xiaoming
image description
(Image via Cointelegraph)Eric ConnerRecently, the Ethereum community has questioned the transparency of the Ethereum Foundation.
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community questioning
Ethereum community member, founder of EthHub
Questioned the transparency of the Ethereum Foundation. He believes that the Ethereum Foundation can disclose information such as the overall number of employees, organizational structure, average income of employees, annual expenditures of the institution, and prospects for the future through quarterly reports.Camila RussoConner also stated:
All of this information can be provided anonymously, which would increase the foundation's transparency. But without these basic facts, it's very difficult (for the community) to even form a recommendation. If someone just wants to provide data at a specific time, I'm happy to make a web page on ethhub to help with that.
financial reporter
This was also questioned. She said this is one of the biggest problems facing the foundation at the moment. The total assets of the foundation, how the funds are currently used should be reflected in the reports, and these reports should be properly audited by financial companies.
Russo also pointed out that because the Ethereum Foundation is too decentralized, a lot of information cannot be grasped by community members:Justin Drakesecondary title
In response to the doubts of the community, the researcher of the Ethereum Foundation
It is worth mentioning that,Justin DrakeThe Twitter response said: The foundation has about 100 employees, and posted a structure chart of the foundation members; including employee salaries, operating expenses and project funding, the annual expenditure is about 20 million US dollars.
image descriptionAftab 'DCinvestor' Hossain(Organization Chart)
It is worth mentioning that,
The update date of the published organizational chart was six months ago (September 2018), which he himself called "outdated"; in addition, no specific details were given for the cost of 20 million US dollars.
In this regard, community members do not buy it, community members
It is pointed out that the member structure diagram released by the Ethereum Foundation is more like a relationship diagram. There is no direct supervisory and supervised relationship between all the people, and the management structure is relatively chaotic.Ameen SoleimaniThis is not the first time people have accused the Ethereum Foundation of having a problem with transparency. Carver, a member of the Ethereum community, told Odaily that when Ethereum and Ethereum Classic were hard forked, community members accused the Ethereum Foundation and its members of causing the hard fork because they could get more Forked coins.
"Later, many members of the Ethereum Foundation announced their currency holdings, proving that they had no direct interest in the fork." Carver said that the reason for the community's doubts was that the Ethereum Foundation did not Announce relevant interests.
In addition, the use of funds by the Ethereum Foundation is not transparent. The Ethereum Foundation has provided financial support for several ETH projects, but community members do not know the specific amount of funds and the details of the use of funds. Community members are not clear about the selection criteria for funding projects. For example, the Aragon project has been questioned by community members.
Regarding the fact that the Ethereum Foundation does not disclose the use of funds, Chen Changwu, who used to work for the Ethereum Foundation, explained to Odaily that the Ethereum Foundation would disclose the status of funds when it funded projects in the early stage. Compared with each other, so I chose not to publish.
Ethereum Foundation
Chen Changwu added:
Last year, a large proportion of the funds were used as bonuses to the community to fund some projects. It is not because of increased personnel costs or increased conference costs that led to excessive consumption. After all, it’s only the third year, and many organizations of the foundation are still in good shape. If there are suggestions from outside (such as publishing financial reports), they will improve and become better.secondary titleEthereum Foundation
In June 2014, the Ethereum Foundation was incorporated in Switzerland. It is a non-profit organization designed to manage funds raised in the sale of Ethereum to better serve Ethereum and the decentralized technology ecosystem.
