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Edit: this complaint is null now! Poo, minimum 32 ETH or at current prices $19k. This reinforces my dislike of staking. Only making the already rich richer. Ke
by sosuke 6y ago
Edit: this complaint is null now!
Poo, minimum 32 ETH or at current prices $19k. This reinforces my dislike of staking. Only making the already rich richer. Keeping lesser ETH holders out of the profit.
But who am I kidding; if I magically had 32 ETH to stake I'd probably feel differently.
- twox2 6y agoIn crypto there's this concept of delegation and also pooling. This allows folks with smaller holdings to be exposed to the benefits of staking.
- cwkoss 6y agoCan this be done non-custodially? i.e. can an ETH holder somehow delegate a pool to be able to stake with that ETH but not spend it?
- tick_tock_tick 6y agoNo or people could use that to bypass slashing.
- cwkoss 6y agoOooh, gonna be some fun trust scams in PoS world :-D
- everfree 6y agoYes, take a look at Rocket Pool: https://www.rocketpool.net/ https://www.rocketpool.net/ The trick is that as the pool leader, you have to put up a 16 ETH stake and other participants pool together to make up the other 16 ETH. If you misbehave as the pool leader, your 16 ETH is the first to get slashed. They published a blog post this week talking about how they are pushing back their roadmap until the Eth1/Eth2 merge, though. Their proof of concept was working great on testnets.
- T0Bi 6y agoYou can use staking pools as well to stake less than 32 Eth. It's the same concept as PoW. If you have a lot of money, you can buy ASICS and stake for yourself (making you richer). If you don't, you'll join a mining pool and earn money relative to your hash power. PoW makes the rich richer as well, that's life. With PoS, you have at least skin in the game (your stake).
- sosuke 6y ago:facepalm: thanks you totally negated my complaint. Awesome, I appreciate it!
- raihansaputra 6y agoWhat staking pools are available? I found Rocketpool but have no visibility of other options.