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Automatically merged updates to draft EIP(s) 1559 (#3213)

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 - It only modifies existing Draft, Review, or Last Call EIP(s)
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@ -304,15 +304,5 @@ Should a miner attempt to execute this attack, we can simply increase the elasti
### ETH Burn Precludes Fixed Supply
By burning the base fee, we can no longer guarantee a fixed token supply. This could result in economic instability as the long term supply of ETH will no longer be constant over time. While a valid concern, it is difficult to quantify how much of an impact this will have. If more is burned on base fee than is generated in mining rewards then ETH will be deflationary and if more is generated in mining rewards than is burned then ETH will be inflationary. Since we cannot control user demand for block space, we cannot assert at the moment whether ETH will end up inflationary or deflationary, so this change causes the core developers to lose some control over Ethereum's long term monetary policy.
## Resources
* [Call notes](https://github.com/ethereum/pm/blob/master/All%20Core%20Devs%20Meetings/Meeting%2077.md)
* [Original Magicians thread](https://ethereum-magicians.org/t/eip-1559-fee-market-change-for-eth-1-0-chain/2783)
* [Ethresear.ch Post w/ Vitalik’s Paper](https://ethresear.ch/t/draft-position-paper-on-resource-pricing/2838)
* [Go-ethereum implementation](https://github.com/vulcanize/go-ethereum-EIP1559)
* [Implementation-specific Magicians thread](https://ethereum-magicians.org/t/eip-1559-go-etheruem-implementation/3918)
* [First and second-price auctions and improved transaction-fee markets](https://ethresear.ch/t/first-and-second-price-auctions-and-improved-transaction-fee-markets/2410)
* [The Challenges of Bitcoin Transaction Fee Estimation](https://blog.bitgo.com/the-challenges-of-bitcoin-transaction-fee-estimation-e47a64a61c72)
* [On the Instability of Bitcoin Without the Block Reward](http://randomwalker.info/publications/mining_CCS.pdf)
## Copyright
Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).