It’s a sad fact of politics — special interests capture decision making bodies and push their agendas, sometimes at the expense of everyone else.
Crypto and decentralized protocols are no exception. See, for example, Ethereum founder Vitalik Buterin’s writing about the issue with governance tokens, and the controversies that occasionally flare up whenever a whale jumps into a vote at the last minute to flip the result.
That debate came to the doorstep of the high temple of Ethereum: the All Core Devs meeting, in which a distributed group of software engineers consider proposals to improve the blockchain. Maybe you remember the Merge — you know, the biggest thing to happen to Ethereum and maybe crypto writ large since Ethereum itself went live several years ago? That happened because those present at an All Core Devs meeting decided it would happen and then did the hard work of actually making it happen.
Over the past couple of days, it’s been alleged a special interest influenced decision-making among Ethereum’s core developers. On the flip side, the person in question speculated those core developers passed on *his* proposal out of some kind of anti-company bias. It’s a bit complicated, but it’s also important. We’ll unpack it all in today’s video. Don’t forget to like this video and subscribe to The Defiant’s channel for in-depth DeFi coverage.
