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I’m not so sure. Currently each validator has about 60k usd (32 eth) staked. They are disincentivized from misbehaving / attacking the network by the threat of
by hanklazard 6y ago
I’m not so sure. Currently each validator has about 60k usd (32 eth) staked. They are disincentivized from misbehaving / attacking the network by the threat of their eth being slashed (and there are clear rules about how this happens).
To me, it seems that as the value of that ether increases, they have more incentive to behave, rather than risk the loss of their investment + large capital gain.
- AaronFriel 6y agoOkay, so imagine a fictional universe in which the exchange rate USD to ETH was 100 times greater. The stake could be... 0.32 eth and it would be equivalent for the purpose of the protocol. Consider the reverse, the exchange rate for USD to ETH is one one hundredth. So the stake is just 3,200 eth, and again, same thing.
- hanklazard 6y agoI agree with your math, but that doesn’t address my point. What I’m saying is that the relative value of eth to usd (for example) matters. The validators don’t want to get slashed and the more value eth has, the less likely validators are to misbehave (ie, the network is more secure). I’m not certain that it plays out that way but that’s the theory as I understand it.
- chillacy 6y agoWhy adjust the stake instead of assume a fixed 32ETH minimum stake? I think we all agree that total_cost_to_attack_usd = stake_amount * usd_per_eth, if stake_amount is fixed, then the total cost increases proportional to usd_per_eth.