Community Pushback Grows as Ethereum Foundation Keeps Selling ETH It Won't Pay Staff With

[cryptoenthusiast]

The latest Ethereum Foundation sale has reignited a long-running criticism: if the foundation believes in Ethereum, why does it keep converting ETH to fiat to pay its staff and contractors? Pseudonymous researcher 0xfoobar put it bluntly, arguing that employees and contractors who are unwilling to take payment in ETH fundamentally misunderstand crypto and should not be working at the foundation. The critique cuts to the heart of a credibility gap that the community has raised repeatedly — the foundation preaches decentralization and the value of ETH while quietly offloading it on a regular schedule.

The foundation has defended its position by pointing to its published treasury policy, framing sales as routine housekeeping rather than a vote of no confidence in the asset. But with Bitmine emerging as a repeat institutional buyer absorbing what the foundation divests, the contrast is becoming increasingly difficult to dismiss. One organization that stewards the Ethereum ecosystem is selling; another that simply believes in it is buying. For holders watching from the sidelines, the question of who is sending the more credible signal is becoming harder to ignore.

[johnblockbuster]

bitmine collecting eth like it’s pokemon cards

[UndeadBeastMonkeykiller]

TH while quietly

[Revenant]

The foundation has defended its position by pointing.