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oisin.eth | Obol
@OisinKyne
Building agent businesses. CEO & co-founder @Obol_Collective, @dv_labs. Previously @BlockdaemonHQ, @Consensys. Pronounced 'Ush-sheen'. 🇵🇸🇱🇧🍉
Joined April 2008
3.3K Following    3.9K Followers
The proposed issuance cap is designed to price out the lowest revenue, highest marginal cost stakers. Not only does it lower the revenue from staking to near 0, it especially penalises the weakest stakers most because it burns eth equivalent to perfect participation, not what you actually achieve. The 98% uptime solo validator gets even less rewards than the 99.5% professional, on top of their higher relative costs. It is a bottom up filter for stakers, and will lower Ethereum's security budget until it fails and Ethereum gets compromised. Ethereum should be focusing on becoming CROPS not ultrasound money.
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