>>The Ethereum miners have unionized, however, so now you are negotiating with the miner unions to pay what they think is their "fair share."
Unlike with employers and real world unions, the Ethereum network is not bound by labor laws to negotiate exclusively with unionized miners, or refrain from replacing them with non-unionized miners. Without those laws, unions are pretty powerless, which is why the late 19th century had such low unionization rates.
>>I hope the miners get their due, because it was the initial philosophy of Ethereum.
The initial plan of Ethereum was to launch with Proof of Work, and very quickly afterwards switch to Proof of Stake. Miners have already gotten much more time to earn from ETH issuance than was originally planned.
> The initial plan of Ethereum was to launch with Proof of Work, and very quickly afterwards switch to Proof of Stake
And that’s the problem... it’s a bait and switch, because the miners had to bear the capital costs of investing in mining rigs, which would suddenly lose a lot of value in a switch to PoS. I think this is the original sin of Ethereum, and the network will be forever plagued by conflict because of it.
Not really a bait of switch though since Ethereum has always been very clear that this is the plan. Anyone who bought a rig should have known that they had a limited investment horizon.
Unlike with employers and real world unions, the Ethereum network is not bound by labor laws to negotiate exclusively with unionized miners, or refrain from replacing them with non-unionized miners. Without those laws, unions are pretty powerless, which is why the late 19th century had such low unionization rates.
>>I hope the miners get their due, because it was the initial philosophy of Ethereum.
The initial plan of Ethereum was to launch with Proof of Work, and very quickly afterwards switch to Proof of Stake. Miners have already gotten much more time to earn from ETH issuance than was originally planned.
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