Riot Platforms executives: Suggest that the Ethereum Foundation conduct an IPO on NASDAQ instead of making clichés or superficial statements.

2025-04-29 03:48:14

Abstract generation in progress

On April 29, Ethereum co-founder Vitalik Buterin posted that the Ethereum Foundation (EF) has set two core goals: the primary goal is to increase the adoption of Ethereum, with a special emphasis on use cases where users can truly benefit from Ethereum’s underlying attributes; The second is to comprehensively enhance Ethereum’s resilience and decentralization, focusing on and addressing potential weaknesses at all levels of the technology stack. Pierre Rochard, vice president of research at crypto miner Riot Platforms, questioned this. Rochard pointed out that the Ethereum Foundation’s goals of “increasing Ethereum usage” and “enhancing Ethereum’s decentralization and resilience” do nothing to increase the value of ETH, as Ethereum’s use can be achieved through wBTC or USDT. He sees these goals as partly foundational platitudes and partly superficial. As an alternative, Rochard suggested that the Ethereum Foundation should conduct an initial public offering (IPO) on the NASDAQ stock exchange and execute an ETH treasury strategy through convertible bonds.

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