ethereum-burn-stats VS RatioGang.com

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.

Current flippening ratio is 0.16271 according to ratiogang.com. So while ETH/BTC is at 31.7% of flippening, rETH/BTC is at 34.7% and slowly climbing relative to ETH/BTC.

It's referring to the ratio between the Bitcoin price and the Ethereum price: https://ratiogang.com/

did https://ratiogang.com/ stop working? ratios sit a 0

Well, I can happily confirm that "you should never meet your heroes" does NOT apply to Ethereum's core protocol contributors. These are some of the most interesting (and surprisingly funny) people I've ever met, and even though there was a lack of diversity, they came from all over the world, with all sorts of different backgrounds. And despite the fact that the price of ETH is never discussed on ACD calls, I can confirm that Ethereum's core devs are bullish: I heard more than one conversation about ultra sound money, and RatioGang was also strongly represented! I'm an introvert, but everyone was so incredibly welcoming and kind, I never had any issues talking to people.

I keep refreshing https://ratiogang.com/ It's so close!