Reduce block reward and delay difficulty bomb

Status history

1. Draft29 Jan 2018
2. ⋯Stagnantdate not observed

Abstract

The current public Ethereum network has a hashrate that corresponds to a tremendous level of energy consumption. As this energy consumption has a correlated environmental cost the network participants have an ethical obligation to ensure this cost is not higher than necessary. At this time, the most direct way to reduce this cost is to lower the block reward in order to limit the appeal of ETH…