When it comes to the premise of reducing issuance, there are many important questions to consider. I thought it would be fruitful to address them one by one, and do so in this post:
FAQ: Ethereum issuance reduction
Quick link to each separate question and answer:
- Why should Ethereum reduce its issuance?
- What about economic security? More stake makes Ethereum more secure right?
- What is a desirable issuance reduction for the near future?
- Why not dynamically adjust the yield with a mechanism like EIP-1559 to guarantee some fixed target participation level?
- How will a reduction in issuance affect the composition of the staking set?
- What is the endgame issuance policy?
- Why not just prevent new stakers from joining?
- Can stakers profit from a reduced issuance and what is the relevance and impact of the real/proportional yield?
- Some users think that more yield is more fun and like to collect yield on their ETH. Why not lean into this?
It is beneficial to read the answers in the order that they are presented, but they still stand on their own.
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