4 ms·

I welcome the reduction in energy consumption, but do not understand how a Proof of Stake approach does not effectively make Etheureum extremly uninteresting fo

• Steve0 5y ago
  Less affluent users could use a staking pool, where they send some of their eth and get a certain percentage return. Many crypto-exchanges already offer this service.
• wmf 5y ago
  Non-whales get the same rate of return as whales and it's much easier to enter the staking market than mining.
  • michaelsbradley 5y ago
    Yes, but I think the “whales” comment was a reference to the large upfront cost of staking in ETH2. At the moment a single validator requires depositing USD equivalent of $94,399.36 (32 ETH).
    • wmf 5y ago
      Mining requires pooling and not surprisingly staking does too.
      • soarfourmore 5y ago
        Which makes it only further centralized.
        • michaelsbradley 5y ago
          Staking pools can be decentralized or centralized. For Eth2 to have a bright decentralized future, it's important that decentralized staking pools can emerge and thrive. The Rocket Pool protocol, for example, allows for decentralized pooling: https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-3-3029afb57d4c https://medium.com/rocket-pool/rocket-pool-staking-protocol-... See also: https://our.status.im/rocket-pool-integration/ https://our.status.im/rocket-pool-integration/
    • CryptoPunk 5y ago
      You can stake via a pool, which greatly lowers the capital floor for participating.
• michaelsbradley 5y ago
  Staking pools, e.g. https://www.rocketpool.net/ https://www.rocketpool.net/