In this episode of Bell Curve, hosts Michael and Vance are joined by Tomas Stonchuk, co-executive director of the Ethereum Foundation (EF), to discuss the current state and future direction of Ethereum. The conversation covers the EF's evolving culture, its renewed focus on product delivery and engaging with institutions, and the balance between maintaining Ethereum's core values and driving growth. They explore the potential of Ethereum in DeFi, RWAs, and the broader economy, as well as the challenges of scaling the L1 and fostering interoperability. The discussion also touches on the debate around Ethereum's marketing and the importance of futurism, real-world applications, and innovation within the Ethereum ecosystem. Finally, they discuss the potential acquisition of Circle, recent advancements in ZK-proving, and upcoming changes to the Ethereum protocol.