Vitalik Buterin
@vitalik.eth
Grats @dankrad @karalabe.eth you got me to interrupt my work on EIPs and make a twitter response that turned into an unscheduled poast 😀 https://vitalik.eth.limo/general/2024/05/17/decentralization.html
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oliver
@oliverk120.eth
Not sure anyone knows or cares, but Dankrad means “thankwheel” in german
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timdaub
@timdaub.eth
German here, I can confirm
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Vitalik Buterin
@vitalik.eth
And "Tal" means "valley". Maybe my destiny is to be the sixth icky person in the valley (or the icky person in the sixth valley?)
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timdaub
@timdaub.eth
Maybe! But since I have your attention. Where do you stand on the issuance curve adjustment issue? It was alluded to in the „Endgame“ Ethresearch post that MEV yields (which are surprisingly high) are contributing to the popularity of staked ETH and hence lower the function of ETH as a medium for exchange
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Vitalik Buterin
@vitalik.eth
Defininitely worth thinking about. The equilibrium of not doing it is "almost all ETH becomes staked ETH", including ETH held by people who can't be bothered making active decisions to protect the network. We need much more discussion and more eyes on the problem.
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timdaub
@timdaub.eth
IMO institutionalizing MEV is systematically redistributing funds now. From an ETH users perspective, stakers should receive the necessary minimum to keep nodes running. But they deliberately take from ETH users, which puts the usefulness of ETH and Ethereum in question. Protocol should remain „simple“ to the user.
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