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bitcoiner @AnselLindner
, 5 tweets, 1 min read Read on Twitter
#Ethereum miners are starting to realize the value of their $ETH doesn't come from transactions. 1/
2/ In fact, including everything into the current state and/or archival blockchain, increases miners' cost.

The connection they might have made is all the dapps and other silly stuff isn't where the value comes from, the value comes from marketing.
3/ The success of ethereum's marketing is only partly correlated w/ the number of transactions. There needs to be enough volume to support the narrative, but not too much to make it extremely hard to stay synced.
4/ The recent central planning decision from ethereum to decrease the block reward from 3 to 2 ETH, may also be attributing to higher sensitivity to costs.
5/ ETH miners are also painfully aware of the threat to them of going to PoS. Perhaps they are trying to get as much ETH as they can now, by leaving blocks empty for a 15% propagation advantage, to stake that ETH later.
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