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It's interesting that miners are protesting EIP-1559 proposal, which is burning away transaction fees as opposed to giving them to miners, while for the last ye
by guiomie 6y ago
It's interesting that miners are protesting EIP-1559 proposal, which is burning away transaction fees as opposed to giving them to miners, while for the last years Eth has focused on completely eliminating miners with proof of stake. Why not protest the latter? What am I missing?
Regardless, I sold all my mining equipment 2 years ago when it was clear that Eth was moving to PoS, mining alt-coins wasnt something I was interested in, since except for ETH and BTC, I believe all these chains are inferior.
- drcode 6y agoOh, there will definitely be an ugly fight once we get close to removing POW altogether. This is part of the reason ethereum has an "ice age" which means the blockchain essentially stops working after a year if the community doesn't approve each new upgrade. But despite this, there will certainly be an "ethereum classic 2" in the near future.
- olouv 6y agoOne theory is that they have planned to fork when POS does arrive but don’t want to have to rollback upgrades like EIP-1559 as it would negatively impact optics vs. keeping alive the “true original” ETH.