Nolympia

The Olympia proposal (ECIPs 1111–1119) seeks to introduce a protocol-level treasury to Ethereum Classic by redirecting EIP-1559 base fees to an on-chain funding contract instead of burning them. This introduces a protocol-enforced tax on miners, and a complex governance system to redistribute these funds.

This contradicts ETC's core principles of immutability, decentralization, and resistance to capture that have defined the chain since its inception. A treasury embedded at the protocol layer violates protocol neutrality, a core principle outlined in ETC's founding documents, and introduces additional technical, legal, and political risk for the chain. It burdens all ETC stakeholders — miners, holders, and developers — to benefit a select few, unfairly changing the rules of the game after they were already agreed upon.

Read Istora's Statement for a detailed breakdown of why Olympia must be opposed.

Resources

• ECIP-1111: Olympia EVM and Protocol Upgrades
• Olympia Discussion (#530)
• A Crypto-Decentralist Manifesto
• ETC Community Calls
• Let's Keep Ethereum Classic Classic
• ethereumclassic.org
• ETC Discord