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Tommy123hold•

Concluding thoughts I believe that if there is even a minor push to lower block rewards, miners will prevent the reduction by participating in the governance process. They have a direct incentive to keep high block rewards, while the other members of the community have only very indirect incentive to participate on this issue and therefore won’t make a priority out of having their position heard. I would love to be wrong!

https://medium.com/@Vlad_Zamfir/the-case-for-smaller-block-rewards-fb0eab38e15c

That's exactly what happening right now. Vlad saw that 3 years ago already.

That huge industry miners don't bribe people who decide the mining rewards is Highly unlikely.

Nobdody speaks up for coin holders interesst that shows me that there is only mining industry lobbying.

All ecosystem pay for that with reduced value if there Ether over time.

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Tommy123hold•

3 years ago Vitaly said

That said, issuance is a key economic parameter and I personally don't feel I or the foundation or client developers have the authority to dictate this; perhaps it's worth some kind of vote. *

Now exactly opposite happens..

No votes no community or holder asking just devs dictade what will happen.

I feel ethereum lost its way unfortunately.

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[deleted]•

[removed]

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Crypto_Economist42•

This should be postponed until a block reward reduction is made

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Always_Question•

Agreed. At the very least, it should be postponed until a further discussion about a possible issuance reduction on a community-wide scale is carried out. If the Muir Glacier fork happens without this, then the chance is lost, because miners would never acquiesce to a standalone fork that reduces their block reward. The ice age postponement is the bargaining chip (which is why issuance reductions have always been tied to ice age delays in the past).

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Tommy123hold•

Why nobody doing an community coin vote about that and only handful of devs deciding in a dev call in 5 min what's monetary polices for a decentralized network..

If we don't do decentralized coinvotes then we are just another dictatorship where people can get bribed and make decisions better for their own wallet than the community.

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gizram84•

handful of devs deciding in a dev call in 5 min what's monetary polices for a decentralized network..

The fact that this thread is 8 hours old and only has 3 comments only further bolsters your point.

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Tommy123hold•

It seems that 95% of devs or dapps involved are super coders but don't care crypto economy's for. Various reasons.

Probably don't understand or research about it... Most likely don't hold any significant amount of Ether so have no motivation to think or write about it.

Only miners have a real life incentive and will be willing to put effort and money in it to guarantee they can get 2-5 million usd a day out of Ether in next years till pos will ready.

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