Ethereum developer Federico Carrone warns venture capital firm Paradigm’s growing influence on the network could eventually lead to a misalignment in values.
Ethereum developer Federico Carrone says the growing influence of corporations such as Paradigm on the network could be “tail risk” for the Ethereum ecosystem.
In a post on Sunday, the Ethereum core dev, who goes by “Fede’s intern” on X, argued that while Paradigm has “created valuable things for the community,” he is worried about the growing influence of a venture fund whose ultimate goals are driven by profit and influence.
“I’ve been saying for the past two years that the influence of @paradigm within Ethereum could become a relevant tail risk for the ecosystem. I believe this will become increasingly clear to everyone in the months ahead.”
Carrone added that while Paradigm’s hiring of key Ethereum researchers and funding of open source libraries that are “critical to Ethereum” looks good on the surface, it’s not for those who think that Ethereum should represent a “philosophical and political” movement that is “larger than any corporation.”
