(1) Do you like greek tragedies like @Mashinsky likes them? ETH has in front of it one. Why? Two choices, both equally tragic.
Users complain on fees, miners voted against: EIP-1559 with majority of hash power, ETH developers will still proceed with eip-1559. What does it mean?
Users complain on fees, miners voted against: EIP-1559 with majority of hash power, ETH developers will still proceed with eip-1559. What does it mean?
(2) Without massive competition, normally ETH 2.0 would be the right solution but it is long time in the future.
Choices now:
- loosing users on high fees
or
- EIP-1559 which may decrease gas price in the short term but burning fees means also scarcity so gas will go up...
Choices now:
- loosing users on high fees
or
- EIP-1559 which may decrease gas price in the short term but burning fees means also scarcity so gas will go up...
(3) Since so many ETH miners voted against EIP-1559, there is a non zero chance that they perform 51% hash power attack on ETH to "teach" ETH developers who is in power. This would be fatal - effectively double spend, chain blocks re-org attack(s)...
(4) ETH team despite what you are told is very late to the party with ETH 2.0, competition is far ahead including Cardano. They have spend way too much time going back and forth on Casper (aka. Gasper) and they are fighting too many battles now on too many fronts (my opinion).
(5) Holding now ETH despite what @RyanSAdams tells you is actually pretty spooky (hence casper ghost) due to what I mentioned above. ETH is at the cross-roads. Layer 2 scaling solutions of ETH are also tricky because most of they are hard to use for users.
(6) What doesn't help the situation is the whole centralisation - that ETH developers had to made a decision - there was no voting so honestly there maybe some hash power retaliation 51% PoW attacks from F2Pools or others....
Not fun situation, not fun.
Not fun situation, not fun.
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