Odaily Planet Daily News Base Protocol Director Jesse Pollak published an article on X, saying that he had further thought about the controversy over the flow of Base sorter revenue:
1. Purity tests, such as "Do you hold all the ETH you earn?" are a distraction that will harm Ethereum. Excessive attention to such virtue signals will distract us from the real work, which is to build products that people love, create a sustainable economy, and enable more people to do the same thing.
2. Base's goal is to bring the world to the chain. We believe that the best way to achieve this goal is to build a sustainable economic engine to fund global growth. We believe that more on-chain companies that can do the same thing are needed.
3. For us, this means finding ways to generate revenue and then reinvesting profits in growth - wages, grants, acquisitions, infrastructure, about 15% of revenue through Optimism for public product funding, sponsoring one-time activities such as solady audits, etc. Our top priority is to build a great product and a vibrant economy, and we will do everything we can to achieve this goal. Spending money on growth is a good thing and worth celebrating.
4. At the same time, we believe that holding ETH (we hold over 100,000) is also valuable to strengthen its role as a store of value and share in the upside created by our building on Ethereum, but this is a privilege we earn through our ability to create value. This is not the "solution" people should focus on, but the end state that the ETH asset achieves by remaining useful and efficient.
5. We recognize that all of this is not as transparent as it should be, and our quarterly reporting is built around the structure of a US public company. But as Base becomes increasingly decentralized as a global on-chain economy, we are working to move more business on-chain (suppliers, contractors, etc.) so that they can be immediately visible, rather than running on a quarterly rhythm like the off-chain world.
Stay based, keep building.