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If Ethereum moves to proof of stake, than centralization / inequality of resources will equal inequality of wealth, which at that impasse asks the question what
by bhl 7y ago
If Ethereum moves to proof of stake, than centralization / inequality of resources will equal inequality of wealth, which at that impasse asks the question what’s the point of having decentralized development?
- michaelsbradley 7y agoEthereum 2.0 will have a large number of validator nodes even at genesis[+] and the number will grow over time. A deposit of 32 ether will be required to become a validator — not cheap, but also not astronomically expensive. Here's a presentation from Devcon5 earlier this month demonstrating an Eth 2.0 client running on a Raspberry Pi: https://slideslive.com/38920013/eth-20-on-a-pi https://slideslive.com/38920013/eth-20-on-a-pi [+] https://github.com/ethereum/eth2.0-specs/blob/master/specs/core/0_beacon-chain.md#misc https://github.com/ethereum/eth2.0-specs/blob/master/specs/c...
- bhl 7y agoProof of stake solves a problem with energy and attack incentives, but it still doesn’t solve an inequality of resources within the system. A large number of validator nodes doesn’t run counter to that statement because just because anyone with 32 ether can be a validator doesn’t mean they will.