Latest Week in Ethereum is out
Latest Week in Ethereum News is out
5 years ago in #ethereum by evanvanness (54)
$0.11
- Past Payouts $0.11, 0.00 TRX
- - Author $0.08, 0.00 TRX
- - Curators $0.03, 0.00 TRX
I think it's kind of crazy to be proposing further block reward reductions already (without accompanying PoS) when the thirdening just happened and the dust hasn't even had a chance to settle yet. I'm not strictly opposed to reducing issuance or anything, but I do think that monetary policy is important and shouldn't be dealt with flippantly. We don't want hashrate to drop far below where it currently is, because it's already provably at a point where enough hashrate exists that is not currently pointed at Ethereum that a 51% attack would be possible if it all were to coordinate. That's not likely right now, but becomes progressively likelier as issuance falls further (unless price rises proportionally, which it hasn't as yet from the thirdening). Basically, I think it's unwise to be pushing for more issuance reductions until either Casper arrives or the bull market returns first.
Link in the comments Week in Ethereum News
With such a wide adoption of its smart contract function by an expansive spectrum of applications, Eth shall remain a formidable player in the blockchain-powered world.