Ethereum update: Recap of Ethereum youtube meeting #45 on inflation
I have never been so concerned about the future of Ethereum and I’ve been part of the community since its early stages. Basically we are being held hostages by a group of people, miners, that is going to be obsolete sometimes soon (When POS damnit?). While we’re waiting for interests alignment with POS (validators are investors with a single agenda) we’re running the risk that ETH will trade at double digits in the fall and we all know the consequences of it. People running out, miners not buying ETH because inflation is still too high, dev salaries not paid, black swan event, bye bye Ethereum and all of its potential. Unless EOS (which I don’t like but they proposed on the github chat) hard forks it and proposes inflation reduction in the form of EIP-1234 or 858 and then what happens?We’re at a turning point where a big decision has to be made. Is ASIC a bigger threat than reducing inflation? absolutely not, POS is around the corner!!! I’m certain miners with cheaper electricity will continue mining with rewards at 2 ETH as their holdings will gain in price. That’s simple. We are overpaying for security right now and if we don’t do anything about it, it could get ugly and fast!!Use common sense, look forward and don’t abide by one group’s agenda. EIP 1234 now!! limit ASIC or not, it doesn’t matter, we’ll soon be over with when POS is here.
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Edit:
Vote HERE: [https://www.etherchain.org/coinvote/poll/298](https://www.etherchain.org/coinvote/poll/298)
how to do:
1. Click on “cast your vote”
2. Follow the myetherwallet or mycrypto link shown. It will take you to a sign message screen.
3. You then copy and paste either the text under “Yes” or “No” from the etherchain page, into the sign message screen on MEW/MC.
4. You then sign the message with your private key proving you own said address.
5. Copy and paste the signed message into that original etherchain page and click send.
6. You should then receive a vote receipt and your vote should be added to the metrics in 10 minutes or so. Your vote is weighted by the amount of eth you hold. And you must keep eth in that address while the vote is in progress.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: Nico9111
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