EGL is not governance, it is a highly toxic attack on Ethereum.
tldr
- gas limit used to be voted on by miners in coordination w/ core devs
- EGL bribes miners to tokenize & sell that control to the market instead
(cont)
tldr
- gas limit used to be voted on by miners in coordination w/ core devs
- EGL bribes miners to tokenize & sell that control to the market instead
(cont)
https://twitter.com/uriklarman/status/1428797406301261824
- actively ignores due process: this could never pass EIP process
- power grab & attempt to shoehorn rent into core protocol parameters by a rogue team + VC investors
I am watching very closely who supports this & have alrdy updated my priors accordingly.
- power grab & attempt to shoehorn rent into core protocol parameters by a rogue team + VC investors
I am watching very closely who supports this & have alrdy updated my priors accordingly.
I was offered to invest in this before it launched & declined immediately. Horrible project
What's next @uriklarman, a bribe coin that pays core devs for merging EIPs based on coin vote, to capture governance completely and insert a nice little 20% premine?
Both this and Eden Network are direct consequences of the merge to PoS that deprecates miner revenue and shifts their incentives from long-term (cooperative) to short-term (selfish).
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