ETH-Staking-Service-22Cap-Signaling VS ethereum-burn-stats

I tried to help u/superphiz with his 22% limit (see: my GitHub page where I tried to help community engagement). Outside of a few token responses by projects that would never reach 22% anyway, nothing. Funnily enough, to Lido's credit (yucky!) they were actually one of the few projects to take the request seriously, although it was shot down by governance pretty handily. I don't care enough to link the thread (unless you really want me too, I can), but Lido governance made it clearly it doesn't really think they are doing anything wrong. They view themselves as a Union type entity. And while I've saved my hear the struggle by not keeping up with it... I'm doubtful much of their internally proposed solutions to help mitigate risk made it to pass, or were super low hanging fruit.

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.

HERE is the current list of staking entities that have either committed, not committed, or haven't responded. As always, any suggestions, content to add, or Pull Requests are welcome!

As always, the list can be found here of entities who have not made commitments yet.

In the meantime, our work is not done. There are still 20 other staking entities with over .1% of network penetration that have not committed to capping at 22%. Over the weekend I created a page to track all the staking entities commitments - https://github.com/BobRossiETH/ETH-Staking-Service-22Cap-Signaling. Getting a big list of committed entities will go a long way to putting pressure on the Lido DAO to commit as well. It will be a harder sell for someone to limit themselves if no one else is doing it...

Quick update since last night. What started with just Stakewise now has Rockepool and Swell Network publicly committing to keep their Validator share under 22% of the network! Progress can be tracked here - https://github.com/BobRossiETH/ETH-Staking-Service-22Cap-Signaling

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.