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Am very interested in NFTs in classic cars any ideas/processes required to get this idea off the ground ? Thanks Danny

ETH Issuance Modeling Questions

Can anybody explain the future ETH 2.0 / EIP 1559 issuance model / variable interaction in simple layman's terms? As I understand it:

  1. As usage on the network increases, fees (in terms of the amount of ETH required to transact) increase.
  2. Fees are paid by users in ETH to the network. ~70% of those fees will be "burnt" and ~30% will be paid to stakers.
  3. Stakers earn yield in the form of (i) the portion of fees paid to stakers, and (ii) newly issued ETH.
  4. As the # of ETH stakers increases, staking yield from new issuance decreases. As the # of ETH stakers decreases, staking yield from new issuance increases. (Technically the amount of new ETH issuance increases as the # of stakers increases, but the new ETH issuance per staker decreases.)
  5. Staking yield is also a function of transaction fees. If the # of ETH stakers is flat, but network usage increases, then fees will increase, and therefore staking yield will increase.
  6. As a result, staking yield is a function of both network usage and the # of stakers.
  7. Currently, the Ethereum network is costly and slow (high fees / long transaction times), but as rollups and sharding are implemented, fees will be reduced and transaction times will decrease.
  8. In theory, scaling would reduce the amount of fees "burnt" and reduce fee yield to stakers, but the lower fees and faster transaction times will improve UX, increase the # of viable use cases, and enhance the value proposition... (More)
David Stiles
Gaming Income Control Auditor

ETCG has gone parabolic

Hi all:

I have dollar cost averaged into ETCG since last summer. I have accumulated a  large position in a retirement account and non-retirement account. With ETCG having gone parabolic the past couple of weeks it is now my largest position in both accounts with my holdings up over 800%.  I thank Raoul for his "irresponsibly long" thesis. I am still bullish long term on ETH (I own ETH too).

I am looking for some ideas for protection strategy. In my personal account my ETCG positions don't start becoming long term until August. ETCG doesn't have options. I could sell about 10% of my holdings and let the house money roll but a short term sale doesn't thrill me but this is a good problem to have. I am not adverse to letting it ride.

Any suggestions?

Several central banks have selected Algorand for the platform for their CBDC. Given the development of Algo by a brilliant OG world expert cryptographer at MIT and his equally impressive team largely based at MIT and the Boston Feds ongoing evaluation of potential CBDC platforms with the MIT Digital Currency Initiative, I wouldn't be surprised if the USD CBDC ends up running on Algo or a customized fork of Algo. Also, I don't know that I would expect the USD CBDC to be run on a decentralized network, they may want to keep it permissioned, almost a delegated proof of stake. I think it unlikely that a USD CBDC will run on Ethereum.