Topic: A lot of chatter on /r/ethereum (Read 428 times)
Ppl are looking to miners and how thier profits is high now and should be reduced due to the price pumping now , and they are the only ppl made 1000x profits from trading the same ppl want it to switch pos to gain more and more profits without any work done and they don't care about network security sh*t , the are the same ppl talking and looking to the miners cents per day.
That may be a small part of it (and a larger part of the motivation for comments from key players in the Ethereum Project along these lines), but the commenters on the various Ethereum reddit boards appear to consist mostly of traders and holders. Their underlying rationale for reducing mining rewards should be obvious, at least with respect to a short term time frame.
In the last couple of days, there has been a decent amount of discussion on https://www.reddit.com/r/ethereum/ about cutting ETH mining rewards. See the following two posts as examples:
https://www.reddit.com/r/ethereum/comments/68jtnb/is_eth_mining_reward_a_danger_to_the_network/
https://www.reddit.com/r/ethereum/comments/681pkp/we_should_reduce_issuance_for_metropolis/
Two camps are emerging with respect to this issue. Those in favor of leaving mining rewards as is to ensure the future security and performance of the Ethereum network are not compromised during these times of high growth, and those in favor of cutting mining rewards to inflate the price of ETH.
Given the underlying purpose of Ethereum (i.e., a global, decentralized computing system to run smart contracts), I don't see how propping up the short term appreciation of the value of ETH serves that purpose. However, cutting mining payouts could severely undercut Ethereum's main purpose of being a decentralized computing platform. This is especially true now with Proof of Stake looming in the shadows. I don't think the traders who want mining rewards reduced truly appreciate that if they scare of miners from ETH now, they may not come back given the looming implementation of PoS.
Obviously, this issue has significant implications to ETH miners and the Ethereum project. Make sure your voices are heard on this issue to ensure the continued stability and success of the Ethereum Project.
https://www.reddit.com/r/ethereum/comments/68jtnb/is_eth_mining_reward_a_danger_to_the_network/
https://www.reddit.com/r/ethereum/comments/681pkp/we_should_reduce_issuance_for_metropolis/
Two camps are emerging with respect to this issue. Those in favor of leaving mining rewards as is to ensure the future security and performance of the Ethereum network are not compromised during these times of high growth, and those in favor of cutting mining rewards to inflate the price of ETH.
Given the underlying purpose of Ethereum (i.e., a global, decentralized computing system to run smart contracts), I don't see how propping up the short term appreciation of the value of ETH serves that purpose. However, cutting mining payouts could severely undercut Ethereum's main purpose of being a decentralized computing platform. This is especially true now with Proof of Stake looming in the shadows. I don't think the traders who want mining rewards reduced truly appreciate that if they scare of miners from ETH now, they may not come back given the looming implementation of PoS.
Obviously, this issue has significant implications to ETH miners and the Ethereum project. Make sure your voices are heard on this issue to ensure the continued stability and success of the Ethereum Project.
Bunch of FUD being spread by reddit for many reasons.
Major reason is the uncertainty helps to prevent an asic miner for Eth
In the last couple of days, there has been a decent amount of discussion on https://www.reddit.com/r/ethereum/ about cutting ETH mining rewards. See the following two posts as examples:
https://www.reddit.com/r/ethereum/comments/68jtnb/is_eth_mining_reward_a_danger_to_the_network/
https://www.reddit.com/r/ethereum/comments/681pkp/we_should_reduce_issuance_for_metropolis/
Two camps are emerging with respect to this issue. Those in favor of leaving mining rewards as is to ensure the future security and performance of the Ethereum network are not compromised during these times of high growth, and those in favor of cutting mining rewards to inflate the price of ETH.
Given the underlying purpose of Ethereum (i.e., a global, decentralized computing system to run smart contracts), I don't see how propping up the short term appreciation of the value of ETH serves that purpose. However, cutting mining payouts could severely undercut Ethereum's main purpose of being a decentralized computing platform. This is especially true now with Proof of Stake looming in the shadows. I don't think the traders who want mining rewards reduced truly appreciate that if they scare of miners from ETH now, they may not come back given the looming implementation of PoS.
Obviously, this issue has significant implications to ETH miners and the Ethereum project. Make sure your voices are heard on this issue to ensure the continued stability and success of the Ethereum Project.
https://www.reddit.com/r/ethereum/comments/68jtnb/is_eth_mining_reward_a_danger_to_the_network/
https://www.reddit.com/r/ethereum/comments/681pkp/we_should_reduce_issuance_for_metropolis/
Two camps are emerging with respect to this issue. Those in favor of leaving mining rewards as is to ensure the future security and performance of the Ethereum network are not compromised during these times of high growth, and those in favor of cutting mining rewards to inflate the price of ETH.
Given the underlying purpose of Ethereum (i.e., a global, decentralized computing system to run smart contracts), I don't see how propping up the short term appreciation of the value of ETH serves that purpose. However, cutting mining payouts could severely undercut Ethereum's main purpose of being a decentralized computing platform. This is especially true now with Proof of Stake looming in the shadows. I don't think the traders who want mining rewards reduced truly appreciate that if they scare of miners from ETH now, they may not come back given the looming implementation of PoS.
Obviously, this issue has significant implications to ETH miners and the Ethereum project. Make sure your voices are heard on this issue to ensure the continued stability and success of the Ethereum Project.
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