ETH block reward decision. Follow live on youtube:
youtube.com
Github:
github.com
Three competing EIPs to delay the difficulty bomb and reduce/maintain the block reward:
a. EIP-858 - Delay bomb and reduce block reward to 1 ETH per block.
b. EIP-1234 - Delay bomb and reduce block reward to 2 ETH.
c. EIP-1295 - Delay bomb, keep rewards to 3 ETH, change other factors such as POW incentive structure.
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>a
>b
>c
Which is most advantageous to mooning?
I’m sitting on 106 Eth
a and b sir. they reduce inflation thus supply goes down, price goes up.
150 eth here.
25 eth here
Am I going to make it
ICOs are still dumping on your asses. Enjoy
What does EIP stand for?
>25 eth here
Yes Sir. You may way to to increase that to 32 ETH before PoS.
Not familiar with the details, what is the difficulty bomb?
Increase in block difficulty as time goes. It's mostly a social mechanism. The goal is to ensure miners don't stonewall the change to PoS once PoS is ready, as well as for the developers to signal their commitment to working on a PoS transition.
why 32?
I have 10k ready to throw at this
Is it going to be effective immediately or is this not happening until Casper?
Constantinople this October
Smallest amount for staking when PoS arrives
Late October/early November when the hard fork is implemented
But how delaying it will make the price go up?
How can I benefit from PoS with 32*x ETH where x>1?
you stake your coins and receive the transaction fees when your stake is selected to build a block, the chance of which scales linearly with your stake
Usually prices start moving in advance of big announcements. Why is ETH still hovering around 278?
Because it’s not some insider announcement thing literally no one knows what’s going to happen. What if they reduce the issuance and the market does absolutely nothing. Either way it’s going to be an economic experiment of quite some importance in the blockchain industry.
If it's bound to moon then why is everyone shorting it on bitmex?
>bitmex
2 it is.
these coward don't even smoke tech
aaaand moon
I wouldn't expect moon, that's the expected decision.
1 eth would be moon, 3 eth would be drop, 5 eth would be a catastrophe
where’s my fucking moon
fucking pussies cant even make a decision
THE ABSOLUTE STATE OF ETH LMAO
Why do Ethereum faggots call EOS centralized because of its governance model when they have their own governance model, except instead of having elected delegates making decisions, it's self-appointed whales and developers? How are these things not algorithmically determined? What a shit show.
So that's it? Nothing? Fucking disappointing desu desu
Oh no no no
it has long term effect. It cut $670M (@270/ETH) of issuance over a year. That's going to add up eventually. To a rise or smaller fall lol
Wait for fomo when the EIP is finalized. Plus China is asleep.
So what was the decision?
moon
Reposting my 5 year inflation calculation with issuance reduction to 2 ETH / block:
Let's say we change to 2 eth per block on October 30th (just before DevCon 4), when there should be roughly 102,500,000 ETH in existence at current mining rate. After that the issuance will be 2 ETH per 5760 blocks mined per day = 2 * 5760 * 365 = 4,204,800 ETH per year. Additionally there will be 613,901 ETH per year created in uncle rewards.
>October 30th 2018 = 102,500,000 ETH
>October 30th 2019 = 107,318,701 ETH
>October 30th 2020 = 112,137,402 ETH
>The switch to PoS should happen in 2019 but even accounting for delays it should definitely happen by October 2020. The current best guess is 500k of ETH issued per year after PoS
>October 30th 2021 = 112,637,402 ETH
>October 30th 2022 = 113,137,402 ETH
>October 30th 2023 = 113,637,402 ETH
>So in total over the next 5 years that would make for average ETH inflation of 2.084% per year.
Now compare that to bitcoin, with supply increasing from 17,348,400 on October 30th 2018 to estimated 19,750,000 on October 30th 2023 for an average BTC inflation of 2.627% per year over the next 5 years.
that binance dump holy shit
>eth vol.9267
hmmm
looks like someone market bought it all on eth/usdt then dumped on eth/btc... why?
some retarded whale's bot
Guess we'll have to wait for constantinople now and hope it won't be a shitshow
So in October ETH will probably go up because of less inflation and less miners dumping, correct?
same thing happened with xrp. shenanigans going on for a big move
Ethereum Improvement Proposal
Basically this until scaling and several dapps (that people actually use) are running eth is done
>until scaling and several dapps (that people actually use) are running eth is just getting started
Fixed that for you.
>Istanbul and Constantinople
7 eth shrimp here, does this mean anything for me?
It’s pumping
does this mean price increase?
yes. Less mining rewards mean less inflation and dumping.
> the chance of which scales linearly with your stake
read da wypipo nigga
Shit. I sold at 276 I’m screwed??
yes
What does this mean?
I did. That's what it says.
Price has been the same for nearly 7hrs lol
The absolute state of crypto "investors".
No wonder this normie memecoin is dumping in sats.
FUCK YOU FAGGOT, I JUST TRADE.
At least fucking read the thread. We're not your spoonfeeding brigade.
If I sold at 276 am i fucked ?
Selling the bottom. True Jow Forums approved style.
bad timing, I'm sorry. did you sell your whole stack? if you need (((fiat))) it's best to only sell part at a time.
Non linear increase bro.
At least thats what Vitalik intends. For example for 100 ETH you get 4% p.a for 300 ETH say 2%.
You can just set up multiple smaller pools ofc, but money sjkelly is surely busy thinking about neutering that as well.
Staking reward is like 5%. Hardly exciting at 32 eth and any usd gains can be eradicated by price drops.
Network Effect, it came first and more people use it. So word of mouth makes more people use it. The more people that use it, the more valuable it is, the more valuable the more they have a vested interest in it's survival and the less they will care about competition.
Huh, do you have a citation for that? I'd like to see him try, but I don't think it can work to have less than linear scaling. It would just inflate the number of validators.
If you're not doing anything else with that ETH anyway, it's free money. And a safe, risk-free 5% (assuming the software has no bugs that you'd get punished for misvalidating) is pretty nice.
just got here. what was the decision?
you're wrong, in the current version everyone gets the same rate.
ctrl-f is a thing
Okay that.
Did you watch it, what now? Bear or bull? I'm sitting on ETH and dunno if I should tether up or no
Links or fuck off faggot
no one cares about 5 years in crypto you utter retard.
It's from reading money skeletons' blogs.
That guy answers simple question by 45 minute spergout, hard to cite him really.
Though I might be not up to the latest entries like claims
>check blockfolio
>all my alts and btc up vs eth
So is this a bunch of cope to deal with the fact that EOS is full bull run right now?
eth will never be 277 again huh? wtf why does this always happen
Mooooon
Yeah right
It's literally dumping right now. Virtually every other coin is beating ETH, especially platform competitors like EOS. This shit is going to fucking zero and no block reward reduction can change that.
Can't scale, super overinflated, actual dick-stroking pedophile methhead as its "face" of development, etc. It's done.
you won't see a pump for a 2 eth per block reward, you would have seen for for 1 eth, but 2 eth is the bare minimum they could have done, and is a negative outcome for all parties.
LOL LITERALLY TANKING
lower inflation then btc
ASICs forked off
Win-Win cunt
Yeah real "win win." Meanwhile it's dumping in sats and getting its ass kicked by almost every other coin.
Op here, wow thread still alive. Actually Sirs, we remained stable in sats and increased slightly since the decision. But if we fall below 0.04 I will probably panic sell ETH and buy back at $165
Extremely Irrelevant Posting. Like newfags that need to lurk moar and read about what the fuck they're buying.
Sell the news.
Please pump I swear I will sell and never touch this shit again
run multiple validators
