Ethereum developer Péter Szilágyi has publicly criticized the Ethereum Foundation, accusing them of rampant centralization and questionable compensation practices within their governance structure. This letter, dated May 2024, sparked a debate among cryptocurrency enthusiasts regarding blockchain governance norms and the future of decentralized development in the Ethereum ecosystem. Szilágyi’s criticisms highlight potential risks associated with unchecked centralization and call for greater transparency and fair compensation for developers contributing to the project’s growth. Though the letter remains an accusation without direct impact on Ethereum’s market stability or immediate regulatory scrutiny, it underscores ongoing tension between idealized decentralization principles and operational realities within large-scale blockchain projects.