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Yeah - ETH2 is a high risk long bet on the future of ETH, that risk is why the rewards for doing it are pretty high right now. I haven't personally staked anyth
by fossuser 5y ago
Yeah - ETH2 is a high risk long bet on the future of ETH, that risk is why the rewards for doing it are pretty high right now. I haven't personally staked anything because of that risk.
My point was billions of dollars of wealth are already being staked so there are a lot of people that have already bought in. This doesn't mean it is guaranteed to succeed, but it does mean there are pretty strong incentives in place for it.
I suppose the other argument would be an ETH2 failure would likely devalue ETH too, so I'm not sure how much holding ETH is a hedge against failure.