i'm extremely bullish about the meaningful community decentralization which happened during this bear market making the @ethereum Foundation just one node of many. the EF could never be everything to everyone we are in a completely different world now where Ethereum is ready to be presented to the world through players like @ethlabs_org @Etherealize_io @ethereuminsti @eth_systems @BitMNR @Sharplink ...and the many, many others who continue to build on Ethereum directly aside from Bitcoin, no other crypto even comes close to the collective power these institutions will have in shaping the durable future of Ethereum, well beyond protocol research and development and into real world application and adoption

staking yield would ofc go to zero (eventually) it was implemented and there would be a renewed drive to extract MEV like you’ve never seen the network would be close to 100% operated by ETFs, DATs, exchanges, and other institutions oh, and LSTs probably won’t die either because any yield from any vector greater than zero may still be enough to keep operating solo/small stakers ofc wouldn’t exist in an environment like that. if they want to get rid of them, they should just state it plainly as a design goal if these are things that research and core devs actually want but are too afraid to say, then we have a problem. or if these are things they don’t believe can happen because vibes will save us, then we also have a problem and second and third order effects of these things would be much worse

hey, crypto “OG” here i’ve been lucky for sure, but it wasn’t all luck. not even close i sold all of my BTC during the 2015 bear at <$300 per coin, but learned something from it i avoided ICO scams in 2017 i avoided getting liquidated for almost all of my funds during the COVID dump (i knew many whose names you have forgotten i’ve dodged thousands of rugs since (though some i definitely did not) i’ve held coins through hell and high water when everyone here said they were dead and never coming back i’ve survived on the basis of having decent risk management practices and being too lazy to participate in the most obvious scams nothing about this journey has been easy i’ve probably aged at twice the normal rate and have seen more absurd shit than most people here could even imagine from people whose names you’ve never heard because no one remembers them anymore it’s been hard. it’s been weird. it’s been tiring. it’s been amazing. but it definitely hasn’t been easy

ngl i never saw like 80% of these folks care about ETH financial value & holders before i’ve literally spent most of my time holding ETH being told by core devs it should basically be worth nothing and is just money for gas and now they’re saying staking yield devalues ETH too much and must be eliminated i have whiplash

the value of watching TV is so low now before (back before streaming), you’d be participating in a common cultural moment. if everyone was watching a show, you wanted to watch it too. so there was some sort of a shared social element now everyone watches their own shows on their own time. every once in a while, you maybe find something you and your significant other can really dive into for a while otherwise, almost everything becomes missable, save for a couple of shows a year (at least that’s how i feel) would rather spend that time playing strategy or story-driven video games tbqh (which have been unfairly maligned and are cognitively one of the better forms of entertainment)

honestly, you guys are wasting your time i would bet 100% of my net worth that this proposal won’t be implemented by stakers, and that you don’t have the users to support a fork ALL effort should go into shipping Lean Ethereum and rebalancing incentives there in a sustainable way and by pushing it now in this way, you’re just reducing your credibility to do that then effectively when it really counts it’s sad to see it play out like this, but the outcome is extremely obvious

my take is that: 1) issuance is already very, very low for ETH. lower than BTC, lower than almost every other blockchain, and lower than the supply of new gold added to the market every year 2) issuance is not a primary driver of ETH price at these already low levels. demand to hold ETH as a speculative SoV and use ETH for exchange and productive purposes drives ETH price. and like it or not, staking yield has become a key factor for why people choose to buy and (crucially) hold ETH 3) consistency and predictability in ETH's issuance policy is more important to creating market confidence around ETH (and by extension, Ethereum) than perfectly optimizing issuance 4) solo/small stakers shouldn't be allowed to be priced out of the market, because if shit really ever hits the fan, you're going to need them 5) we should focus on scaling Ethereum as a network, drive much more use to the network, charge appropriate fees to use it, and allow fee burn to continue to offset some amount of the already low issuance