Quote from: masterrex on Today at 05:13:41 PM

Quote from: anticonformist on March 17, 2021, 04:33:22 AM

The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.

So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.

Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?

If that happens ETh's price will be skyrocketed and because the transaction fees become more stable again many users will back in the game. that was my personal view about it. But I think the real picture was worse because the miners are stood their ground and even threatened to defy the EIP 1559 version update sounds more interesting but it will create uncertainty on the Network side.

A too good to be true proposal. I’m sure that the majority miner will oppose this proposal because it will hurt those miners that heavily invested on mining ETH. Why not devs ETH just accept there defeat embrace the technology of new blockchain project that showing an impressive result on TPS rather than implement the EIP1559. Huh