I propose higher (e.g. quadratic or logarithmic) gas burns with higher gas prices. The benefits include:
- Increasing the benefits of EIP 1559 as gas prices increase
A) Miners aren’t over paid to secure the network
B) High has fees goes to ETH holders and generally benefits the Ethereum community and makes economic abstraction far less relevant
C) Misuse and miner collusion becomes quadratically more costly and unlikely
D) Miners should always earn more for higher gas prices but decreasingly so. Ie the function slope is always positive but flattens over time.
The exact function can perhaps be adjusted by vote within some parameters.
Twitter discussion for it might continue here: