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Ethereum Needs Paradigm, VCs, Despite Value Extraction Concerns: Joseph Lubin

Ethereum co‑founder Joseph Lubin acknowledged that venture capital firms — including Paradigm — often seek to "extract" maximum value from the protocol, but argued they remain indispensable as conduits for global capital, expertise and infrastructure needed to scale the ecosystem. He framed VCs as a necessary trade‑off: their funding accelerates development and mainstream adoption even as it raises concerns about centralized control and value capture. The tension matters for governance and long‑term token economics, as how the community balances outside investment against decentralization will shape who ultimately captures Ethereum’s upside.