Joe Lubin blesses former EF researcher transitioning to Tempo, but Ethereum's core position cannot be shaken.

Joe Lubin, co-founder of Ethereum and CEO of Consensys, stated on Twitter on 10/20 that although venture capital (VC) is often jokingly referred to as “vampires,” it remains an important bridge for global capital flowing into the on-chain ecosystem. He pointed out that VCs like Paradigm, while pursuing profits, also promote a more rigorous decentralization development for Ethereum and the overall ecosystem. Regarding the new L1 public chain Tempo poaching researchers from the Ethereum Foundation (EF) and Consensys, Lubin expressed his blessings but emphasized that Ethereum's core position in the on-chain ecosystem remains solid and difficult to shake.

It is understandable that VC seeks profit; this is necessary for maturity.

Lubin pointed out that the main goal of VCs like Paradigm is to extract maximum benefits from Ethereum and the broader ecosystem, and only then to assist the system in evolving towards a more rigorous decentralization.

He stated that there is nothing to worry about regarding this phenomenon and believes it is part of the industry's process towards maturity.

Ethereum researchers have consecutively jumped ship to the new public chain Tempo.

Just before Lubin's post, two researchers closely associated with the Ethereum community shifted to a new project supported by Paradigm.

First is Dankrad Feist, a senior researcher at EF, who announced on 10/17 that he is leaving EF to join the L1 public chain Tempo, which is co-built by Stripe and Paradigm, focusing on payment and stablecoin applications.

Another individual is former Consensys researcher Mallesh Pai, who according to his LinkedIn, joined Paradigm as a research consultant as early as January this year and officially transitioned to a full-time member of Tempo in September.

These two personnel changes have raised external concerns, believing that Paradigm is attracting Ethereum core members through new projects, which may affect future development directions.

VC is currently a funding bridge, and in the future it will be replaced by on-chain investment platforms.

In the face of external criticism of VC, Lubin believes that traditional VC still plays an indispensable transitional role in the current blockchain industry.

However, he also added that this situation is only temporary. As blockchain technology and token economic models mature, it represents a more fair and open on-chain investment platform that everyone can participate in, which will replace traditional VC. At that time, if these VCs want to continue participating in the market, they must establish a presence on-chain.

Lubin emphasized that the participation of traditional VCs helps drive the blockchain ecosystem towards “incremental decentralization,” ultimately building a secure, global information infrastructure.

Emphasize that Ethereum is still the core of the on-chain ecosystem and is irreplaceable.

Although Tempo is competing directly with Ethereum as an L1 public chain, Lubin still wished his former colleagues Feist and Pai success in the development of Tempo at the end of his post. At the same time, he hinted that Ethereum's core position in the entire on-chain ecosystem is not something Tempo can shake.

He emphasized that Ethereum is a rigorous, decentralized, trustworthy, and neutral digital asset settlement layer. As its concepts and economic system continue to develop, it will ultimately expand upwards into a “world computer.” At that time, enterprise chains will be built on these neutral, permissionless public chains ( such as Ethereum ), becoming an important bridge connecting traditional business with the internet.

(Stripe partners with Paradigm to develop its own EVM L1 “Tempo”, enhancing the stablecoin payment landscape)

In this article, Joe Lubin congratulates former EF researcher for transitioning to Tempo, but the core status of Ethereum remains unshakable. This first appeared on on-chain news ABMedia.