Eip 1559 – why burn? Why not just not have a base fee?
I get that 1559 will potentially make ether deflationary and that's a good thing for investors.
However, i would argue that ethereum being used for actual day to day transactions would add a lot more value than just making coin owners richer. To do that you're going to need to make transactions free or almost free.
Therefore if that's the case, why charge a base fee at all if it just gets burnt and doesn't provide an incentive to miners? Not having a base fee would essentially make transactions free except for the network contested cases where you need to provide a tip to the miner.
submitted by /u/horsey-the-blue
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