Ricky

[smartprogrammer.gwei 🐌 @Smartprogrammer]

Exactly, and not because they will get money from it. I dont care if they get yield. The problem is all of this stake will control fork choice and limit social slashing to the point it becomes infeasible. A captured #ethereum with 10K solo staker will be way more useless than a capture resistent one with only 5K solo stakers.

Time to wake. Taper the issuance.

[remyroy @remy_roy]

A lot of people against changing issuance on Ethereum are using emotionally charged or fallacious arguments. If you want to be taken seriously, stick with the facts and appeal to everyone's reason. I'll be way more interested in what you want to convey.

Avoid these:

[Rickety Cricket @Danism2376]

This is what is so misunderstood about solo stakers. If you’re a long term $ETH holder and believe it’s the most censorship resistant digital money, then you believe the value will grow in multiples. I stake at any yield because it’s good for the network, and good for my bag.

[Ricky @Ricky61640966]

Hi @LorenzoARK , would you like to join a telegram group with several EF and community members discussing Ethereums Issuance debate. Since Ark Invest are such large holders of ETH it would be interesting to hear your perspective on the debate. If you're interested please send me a message and I'll forward you an invite link.

[Ricky @Ricky61640966]

@5dayoldburrito @nixorokish I will still stake to accumulate more ETH, the scarcer ETH becomes the more valuable it will be in my opinion

[Ricky @Ricky61640966]

Are you staking your own ETH? If so, isn't the value of ETH more important than the 3% yield? Wouldn't earning 1% on an asset with stronger monetary properties be better? The current issuance curve incentivizes ever-increasing staking mainly through centralized intermediaries which dilutes the value of ETH

[Ricky @Ricky61640966]

I hope that the issuance reduces enough so that the eth supply becomes deflationary again then we would be accumulating and holding an asset with a shrinking supply rather than an asset that issues billions of dollars worth of ETH each year diluting holders and making it less attractive to investors

[Ricky @Ricky61640966]

I believe that solo stakers will survive better than the centralized corporations from an issuance drop. Our ongoing costs are basically just internet and negligible electricity. By contrast, commercial staking providers have salaries, infrastructure and data centre costs while only earning a commission on other people's ETH. If issuance falls significantly, I'd expect many of those business models to come under pressure before we do.

[Ricky @Ricky61640966]

@5dayoldburrito @nixorokish I'm a solo staker and I care far more about ETH becoming a scarcer, stronger monetary asset than maximizing my APR. I'd rather earn lower rewards on an asset that appreciates over time than higher rewards funded by unnecessary dilution.

[Ricky @Ricky61640966]

@tax_oz @markbouris You don’t think picking an unnecessary fight with our biggest trading partner had economic consequences? Just look at what happened to our exports during that period education, wine, barley, coal. It wasn’t exactly a masterclass in diplomacy or economic strategy.

[Ricky @Ricky61640966]

@FigoETH I hope you're right, if we are lucky then ETHBTC is bottoming out now.

[Ricky @Ricky61640966]

I disagree - I think Ultrasound Money is the only viable path for ETH to compete with BTC, especially in attracting investors seeking a SOV to hedge against inflation. Institutions and sovereigns are buying BTC for this reason and if ETH wants to win them over, it must be consistently deflationary. That can be done by reducing issuance because relying on projected usage and burn alone is a gamble.

[Ricky @Ricky61640966]

I'll up all of you, I had 100 x S19 and 150 x M30S mining in Russia, Kazakhstan and China before. I eventually sold them all because I wasn't comfortable having so much money invested overseas, also the hosting companies were ripping me off. I converted all my BTC to ETH to run validators because I liked that the energy costs were so much cheaper and I controlled the keys for my validators. Unfortunately that's been a bad decision and I'm down 80% now..I should have just held my BTC

[Ricky @Ricky61640966]

Yeah Tones, its ridiculous... I feel like its too late to convert it now so I'm just hoping there is a pump sometime soon so I can swap it back to BTC. I really do believe ETH can be beat bitcoin in the future because smart contracts are better and POS saves so much energy but Ethereum needs to get their act together and change the roadmap so its a better SOV.

[Ricky @Ricky61640966]

@BattleJeff1 @ethereanbull Lol if price keeps dropping its obviously not storing value

[Ricky @Ricky61640966]

I agree with you that based rollups will help, but I think the bigger issue is the fragmentation itself. Multiple L2s are pulling users, liquidity, and value away from ETH L1 instead of reinforcing it. We should seriously consider pivoting to a single, enshrined ETH rollup to consolidate the ecosystem, simplify user experience, and drive value back to ETH. Right now it feels like we're spreading too thin when we should be fortifying the core.

[Ricky @Ricky61640966]

@fockgeorgieboy @ec265 @RCryptoast @torok_tomi @leolanza @materkel @digitalartchick Yeah maybe centralised validators like lido and coinbase but definitely not solo-stakers, we keep shrinking and are only 5% of total stake now.