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For sure. I certainly have trusted a significant single digit percentage of my wealth in Ethereum. But that's only predicated on them using PoW. I own no PoS to

For sure. I certainly have trusted a significant single digit percentage of my wealth in Ethereum. But that's only predicated on them using PoW. I own no PoS tokens. I will likely dump my Eth once they lock in PoS and it becomes clear that they can't back peddle.

michaelsbradley 5y ago
Are you aware of how proof-of-stake works in the Ethereum Beacon Chain? To activate one validator node you stake 32 ETH (just ETH, no special token), no more and no less, i.e. your node can't be activated with less than 32 ETH staked and depositing more than 32 ETH is pointless (makes no difference). There are queues for activation and exit, so a node can't just jump in or out of that role on a moment's notice, needs to be anticipated over days and if it does immediately "drop off" then there will be penalties. All validators have equal weight and are randomly selected over time, for limited amounts of time, to carry out various responsibilities: attestations, block proposals, sync committees, slashing. In the big scheme of things, the main reason to run a validator node is the opportunity cost re: the estimated APR on the 32 ETH per rewards accumulated for correctly carrying out the various responsibilities mentioned above, versus doing something else in that time period with resources equivalent to 32 ETH + hardware/resource costs of running the node.