A significant change in the Ethereum ecosystem has gone under the radar, with little to no community reaction. The Ethereum Foundation has announced a new goal in the account abstraction process – to remove Externally Owned Accounts (EOAs) entirely from the ecosystem. This move has gone unnoticed due to the focus on the generalization of web3 accounts. The Ethereum Improvement Proposal (EIP) presented to the community brings a new phase, which would remove EOAs from the platform while favoring smart contract wallets as the default account model for users. While this seems like a good idea to make the user experience better, it has the potential to bring incompatibility, complexity, high transaction costs, security concerns, and more issues. Removing EOAs will require significant code updates, which could impact many projects that are based on EOA accounts, such as MetaMask, Ledger, SafePal, and more. Furthermore, regulatory guidance would need to be considered as smart contracts would have to include a ‘kill switch,’ eliminating the self-sovereign nature of the account if implemented by anyone other than the account owner. The implementation across other chains would unlikely be synchronized, resulting in a fragmented ecosystem and potentially incompatible dApps. Removing EOAs might kill the potential for innovation in the EOA space. The Ethereum Foundation should ensure that there is a proper public process to ensure that EOAs need to be removed, determine the timeframe, and solve all potential security, compatibility, and usability issues before making the transition. The conversation should be open to ensure that the ecosystem moves towards account abstraction with eyes fully open.