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I will agree that the "broke Ethereum" rhetoric is stupid. It relies on elevating Yuga Lab's tweets to a level of credibility that they lost, their community sh
by vmception 4y ago
I will agree that the "broke Ethereum" rhetoric is stupid. It relies on elevating Yuga Lab's tweets to a level of credibility that they lost, their community should turn on them for deflecting responsibility.
But I would say that there are unintended consequences of Ethereum's EIP1559 burning. A lot of tokens sold off as people were positioning for this sale. In the past, this money would have been recirculated from miners back into these leading tokens and projects and economy. This time it hasn't really happened because it was burned. Ethereum hasn't "priced in" any scarcity based on this burning, its still swung by the general tech sector swinging. Not a fan of this outcome personally. But yes, I'm all for letting the burns continue, just want communities and projects to be more discerning.