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⌐◪-◪ → Vitalik wants us to assimilate. On Friday, he published a 2,000-word blog post outlining metrics to measure a project’s “Ethereum Alignment” — or how aligned it is with Ethereum’s core values.

Here are the metrics he proposed to make Ethereum alignment more legible:

• open source → the gold standard is FSF and OSI 

• open standards → ensuring use of ERC standards

• decentralization → the walkaway and insider attack test

• positive sum → value accrual to Ethereum and the world

The main takeaway is that we need to ensure we’re building a cohesive Ethereum ecosystem and not “138 incompatible fiefdoms,” as Vitalik put it.

💬 Any thoughts on Vitalik’s framework here?

⌐◪-◪ → Stand With Crypto, the political advocacy group launched by Coinbase, just endorsed 39 House and Senate candidates — 20 Republicans and 19 Democrats.

More interestingly, however, is the fact that they abstained from endorsing candidates in key battleground states like Michigan, Arizona, and Ohio — races that may determine control of Congress’ upper chamber.

Decrypt speculates this was a reaction to the controversial Fairshake Super PAC (also backed by Coinbase) in these same races — however, Stand With Crypto hasn’t responded to any requests for comment yet.

The biggest race to watch still seems to be Deaton (R) vs. Warren (D) in Massachusetts — she’s one of crypto’s biggest (and most powerful) critics.

Check out Stand With Crypto’s full list of endorsed candidates here.

⌐◪-◪ → Take a back seat, creditors! According to a new document, FTX is setting aside up to $230M of proceeds from government forfeitures for certain shareholders.

Usually, shareholders are the last to be reimbursed in the bankruptcy process, only after creditors have been made whole — making this pretty unusual. Furthermore, creditors had no input on this decision, leaving many feeling scammed yet again.

To make matters worse, creditor claims are being denominated in USD, meaning a creditor who lost 1 BTC will only receive $16k, based on Bitcoin’s value in USD at the time of loss. Very different from the Mt. Gox bankruptcy process.

Looking forward, the confirmation hearing, where a judge will approve or deny the reorganization/reimbursement plan, is scheduled to take place on October 7th at 10 am ET. Stay tuned.

💬 Are FTX creditors getting rugged, or is this fair?

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