Hi All
Despite having been invested in ETH for years, I've only recently understood the fundamentals around the network and its vast applications.
So in the latest news on the ETH front my understanding is that the core developers have agreed to burn tokens and significantly change how miners earn.
I have a couple questions that I was hoping someone more clued up can clarify:
Despite having been invested in ETH for years, I've only recently understood the fundamentals around the network and its vast applications.
So in the latest news on the ETH front my understanding is that the core developers have agreed to burn tokens and significantly change how miners earn.
I have a couple questions that I was hoping someone more clued up can clarify:
- What are the miners are trying to do on 1 April 2021 and will it really impact the planned update in July 2021?
- Is the protest by the miners not ironic and counter-productive in that they're now attacking the network just because they don't like how proposed changes (benefitting the majority - increased value and reduced transaction fees) are going against them? Is this decision by the developers not the whole point of a decentralised system?
- Knowing that ETH is going to become even more scarce in the future, why isn't the market reacting positively and buying up all the available ETH right now?
