Tag: members

Ethereum community members propose new fee structure for the app layer

coiner

Two Ethereum community members, Kevin Owocki and Devansh Mehta, proposed a dynamic fee structure for the Ethereum application layer to strike a balance between revenue generation for app builders and fairness in fee extraction. The April 27 proposal outlined a simple equation that uses a square root function that proportionally lowers the percentage of fees as the funding capital allocated to a particular project grows. Owocki and Mehta explained: “For smaller funding amounts, the fee follows a square root function (sqrt(1000 x N)), providing proportionally higher returns to make building…

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Lido, Rocket Pool team members argue over decentralization

coiner

A team member for Lido has accused competitor Rocket Pool of being too centralized in a July 4 social media post. Both Lido and Rocket Pool are liquid staking protocols that allow users to delegate their cryptocurrency to validators and receive derivative tokens in exchange. According to the post from Lido’s community staking lead Dmitry Gusakov, the Rocket Pool contracts are controlled by the Rocket Pool team, allowing the team to change any parameters and call any method. This means that Rocket Pool developers can increase the inflation rate to…

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Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

coiner

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. “That was before my time… Of course it’s true, everybody knows it’s true.” The quote above is from the movie “The Sea Beast.” And although the film never mentions Bitcoin specifically, it might just be one of the best Bitcoin movies I’ve ever seen.  Source It is set in a fictional world gripped by perpetual war between a sea-faring economic…

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