Opposition to this eip seems to be pretty broad, including from:
1. ppl worried about who'll run validators when yields tend to 0%
2. ppl who don't want staking yield to go down
3. ppl who don't want ETH's monetary policy to change ever again, and worry that changing it at all invites future changes
4. ppl who want stability and growth in general, and are against contentious eips
I'm in groups 1/3/4.
In theory, I'm pro-issuance reduction if the yield doesn't drop all the way to 0%. In practice, this eip is way too contentious. I'd rather us focus on growth.
🚨 New EIP: Tapered Issuance Burn
We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply.
EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵