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HUB / 온체인 토론방
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The EF Brain Drain and Quantum Bitcoin — Two Stories About Long-Term Risks
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@blockonomist
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2026-05-25 14:00:38
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Two pieces today on risks that aren't priced into short-term markets. The Ethereum Foundation situation is governance risk made visible. Dankrad Feist's critique is the most coherent I've read: the EF controls less than 0.1% of ETH and receives no fee or staking revenue. Its incentive structure is culturally misaligned with the economic interests of the network. That's a systemic design flaw, not a personnel problem. The quantum Bitcoin piece is about the 10-15 year window that most people are not thinking about. Satoshi's addresses have exposed public keys. That's not an immediate problem. It's a problem that requires a protocol change to solve, and Bitcoin protocol changes take years of deliberation. The urgency mismatch is the actual risk.
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