The proposal to reduce Ethereum circulation has sparked heated discussions in the crypto community

On April 2nd, it was reported that Mike Neuder, a researcher at the Ethereum Foundation, recently wrote a document titled "Issuance Issues" that supports adjusting token issuance to address some of the issues in today's Ethereum reality. These issues include the feasibility of maintaining independent pledges relative to liquidity pledge agreements, as well as ignoring high-level pledges that may harm pledge rewards. Neuder advocates reducing circulation in the next upgrade of Ethereum, Electra, but other researchers and developers strongly reject this stance. Opponents argue that the current push to adjust the Ethereum issuance curve is an overreaction to unfounded concerns about centralization. Additionally, the goal of the proposal is unclear, and the current issuance curve has not led to value erosion.