On January 22nd, Kyle Samani, co-founder of Multicoin Capital, wrote that in 2016, he entered the crypto space through Ethereum and was attracted by its vision of permissionless finance and smart contracts. However, at the Devcon 3 conference in November 2017, Vitalik's keynote speech did not mention scaling at all, which deeply disappointed Samani. He pointed out that the negative attitude and lack of urgency of the Ethereum Foundation (EF) on scaling issues caused him to lose confidence in Ethereum. He believes that seven years later, EF still has problems such as leadership disconnection from user requests and lack of clear direction.