The article about the end of the foundation model by A16z is indeed quite accurate. The cryptocurrency industry has developed to this day, and the foundation structure has become an obstacle rather than a support link: https://(a16zcrypto.com)/posts/article/end-foundation-era-crypto/ The people who first started the foundation were not foolish. They did need this non-profit structure to cope with the SEC's decentralization theatre back then. The problem is that this gameplay has completely changed - spending $500000 to register an entity in Switzerland and raising a bunch of board members who use tokens but don't work, which is called "decentralized governance", but in reality, it is legal corruption No shareholder pressure, no heartache when spending other people's money. Employees receive a fixed salary plus tokens, and when the token drops, they take advantage of it. They talk about decentralization but hold more power than the CEO of a listed company. Those professional board members also serve as directors for dozens of projects, earning a lot of money every year just by paying membership fees The times have changed. Previously, it was impossible to evade SEC by relying on foundations, but now there are better options. To develop the industry, we must eliminate these outdated structures Let's all start a revolution