1559-outreach VS ethereum-burn-stats

If I became a HOP delegate, this would be my first time doing any type of delegated governance work. So I can understand some hesitation in delegating to a new coming. However, between the general knowledge throughout my history in the space and my involvement in other projects I think I can do a good job at it. Some examples where I've been part of projects to better the Ethereum ecosystem include content creation for Support1559.org (no longer functional, so here is the GitHub referencing that as part of a bigger EIP1559 signaling project), ethsunshine.com (commits), and ethmerge.com (joint commit). I also took a stab an aggregating commitments to 22% staking caps (GitHub Page), as well as am one of the multisig members of the EVMavericks project. Those have all had varying degrees of success, but they have been steps in my goal of being more than a passive investor. As noted above, I think trying out the delegate space is sort of a new mountain to conquer, hence my hemming and hawing about it broadly.

u/superphiz made a post 'yesterday' (yup, that time of night where it's technically yesterday but I didn't sleep and it's way past my bedtime) about asking staking entities to limit validator control to 22% of the network. I decided to make a GitHub list inspired by https://github.com/ethereum-cat-herders/1559-outreach/blob/main/README.md to track entities that have committed to the 22% limit.

Trent Van Epps and Tim Beiko catalog application sentiment on #EIP1559: "Almost every project / team supports this change".

Trent Van Epps has put together a GitHub catalog of applications & projects that have shown their support of EIP-1559 – HERE!

I don't really know much about how GitHub works but I think clicking the "Issue" tab and clicking "New Issue" will do it. However, I think they really want you to use "Pull Requests" based on https://github.com/ethereum-cat-herders/1559-outreach/issues/1

The 1559 Support GitHub looks to have added 1inch within the last hour. As well as Hayden Adams from Uniswap supporting on Twitter. (Do note, some at Uniswap were neutral and that's why Uniswap isn't a full "Support" on the GitHub).

EIP-1559 was a surprise to me in a good way. We had spent so much time imagining what it would look like, probably expecting it to be a bit rough around the edges at first. The adoption numbers at the beginning were not high (still lots of type 0/1 transactions) but the basefee was working like a charm. Props to watchtheburn.com and perema's fee feed, which I used to track the early deployment!

Transaction fees are burned, but the transactions fees are so low that the burnt amount is unnoticeable. Burns are in the tens of millions of dollars while issuance is 100x greater in the billions of dollars. Compare this to Ethereum's burn, which currently reduces issuance by nearly 60%.

Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is now offset 35% in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have supply deflation and become a positive-sum investment.

Much love and respect to the individuals/teams that coded and hosted watchtheburn.com 🔥 for the last year. They kept the site up a few days longer than they initially planned for, but have now officially shut down.

WatchTheBurn shows a total of 3,099,476 ETH since eip1559

https://watchtheburn.com/ is closing down?

look at the tips column of this website https://watchtheburn.com/ to see what miners are earning now.